AAPL has been the subject of several other reports. Macquarie set a $188.00 price target on shares of Apple and gave the stock a buy rating in a report on Friday, January 26th. ValuEngine raised shares of Apple from a hold rating to a buy rating in a report on Sunday, December 31st. Barclays cut their price target on shares of Apple from $170.00 to $168.00 and set an equal weight rating for the company in a report on Friday, March 16th. Zacks Investment Research raised shares of Apple from a hold rating to a buy rating and set a $197.00 price target for the company in a report on Thursday, January 18th. Finally, Piper Jaffray reissued a buy rating and set a $200.00 price target on shares of Apple in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $202.52.
Shares of NASDAQ:AAPL opened at $168.38 on Tuesday. Apple has a one year low of $140.06 and a one year high of $183.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.24 and a quick ratio of 1.20. The stock has a market capitalization of $870,751.38, a PE ratio of 18.28, a price-to-earnings-growth ratio of 1.30 and a beta of 1.25.
In other Apple news, insider Philip W. Schiller sold 69,491 shares of the stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $166.42, for a total transaction of $11,564,692.22. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Daniel J. Riccio sold 17,375 shares of the stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $169.12, for a total transaction of $2,938,460.00. Following the transaction, the senior vice president now directly owns 66,191 shares in the company, valued at approximately $11,194,221.92. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Jarislowsky Fraser Ltd raised its stake in shares of Apple by 22.4% in the 3rd quarter. Jarislowsky Fraser Ltd now owns 22,515 shares of the iPhone maker’s stock valued at $3,470,000 after acquiring an additional 4,118 shares during the period. Empirical Financial Services LLC increased its stake in Apple by 23.9% during the 2nd quarter. Empirical Financial Services LLC now owns 21,558 shares of the iPhone maker’s stock worth $3,105,000 after buying an additional 4,154 shares during the period. Ramsay Stattman Vela & Price Inc. increased its stake in Apple by 3.3% during the 3rd quarter. Ramsay Stattman Vela & Price Inc. now owns 52,013 shares of the iPhone maker’s stock worth $8,016,000 after buying an additional 1,668 shares during the period. Amalgamated Bank increased its stake in Apple by 50.3% during the 2nd quarter. Amalgamated Bank now owns 615,763 shares of the iPhone maker’s stock worth $88,682,000 after buying an additional 206,045 shares during the period. Finally, Mizuho Securities USA LLC purchased a new stake in Apple during the 3rd quarter worth $2,359,000. 61.35% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: “Nomura Reiterates $175.00 Price Target for Apple (AAPL)” was first posted by Ticker Report and is the property of of Ticker Report. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.tickerreport.com/banking-finance/3336757/nomura-reiterates-175-00-price-target-for-apple-aapl.html.
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.