Apple (AAPL) – Analysts’ Recent Ratings Updates

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A number of research firms have changed their ratings and price targets for Apple (NASDAQ: AAPL):

  • 8/14/2019 – Apple was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/13/2019 – Apple had its “outperform” rating reaffirmed by analysts at Wedbush.
  • 8/13/2019 – Apple was given a new $209.00 price target on by analysts at Credit Suisse Group AG. They now have a “neutral” rating on the stock.
  • 8/7/2019 – Apple is now covered by analysts at Barclays PLC. They set an “equal weight” rating and a $192.00 price target on the stock.
  • 8/7/2019 – Apple was given a new $223.00 price target on by analysts at Daiwa Capital Markets. They now have a “buy” rating on the stock.
  • 8/6/2019 – Apple was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/6/2019 – Apple was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/2/2019 – Apple had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group Inc. They now have a $189.00 price target on the stock.
  • 8/1/2019 – Apple had its “buy” rating reaffirmed by analysts at Wedbush. They now have a $240.00 price target on the stock, up previously from $220.00.
  • 7/31/2019 – Apple had its price target raised by analysts at Piper Jaffray Companies from $230.00 to $243.00. They now have an “overweight” rating on the stock.
  • 7/31/2019 – Apple had its price target raised by analysts at Cowen Inc from $220.00 to $250.00. They now have an “outperform” rating on the stock.
  • 7/31/2019 – Apple had its price target raised by analysts at Wedbush from $235.00 to $245.00. They now have an “outperform” rating on the stock.
  • 7/31/2019 – Apple had its “neutral” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $205.00 price target on the stock.
  • 7/31/2019 – Apple had its price target raised by analysts at Nomura from $180.00 to $185.00. They now have a “neutral” rating on the stock.
  • 7/31/2019 – Apple was given a new $209.00 price target on by analysts at Credit Suisse Group AG. They now have a “neutral” rating on the stock.
  • 7/31/2019 – Apple had its price target raised by analysts at Loop Capital to $200.00. They now have a “hold” rating on the stock.
  • 7/31/2019 – Apple had its price target lowered by analysts at Maxim Group to $211.00. They now have a “hold” rating on the stock.
  • 7/31/2019 – Apple had its price target raised by analysts at Deutsche Bank AG from $205.00 to $210.00. They now have a “hold” rating on the stock.
  • 7/31/2019 – Apple was given a new $247.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 7/31/2019 – Apple had its price target raised by analysts at DA Davidson to $270.00. They now have a “buy” rating on the stock.
  • 7/31/2019 – Apple had its price target raised by analysts at Bank of America Corp from $230.00 to $240.00. They now have a “buy” rating on the stock.
  • 7/31/2019 – Apple had its “buy” rating reaffirmed by analysts at Monness Crespi & Hardt. They now have a $265.00 price target on the stock, up previously from $245.00.
  • 7/31/2019 – Apple had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $240.00 price target on the stock, up previously from $202.00.
  • 7/31/2019 – Apple had its price target raised by analysts at Citigroup Inc from $205.00 to $250.00. They now have a “buy” rating on the stock.
  • 7/31/2019 – Apple had its price target raised by analysts at JPMorgan Chase & Co. from $239.00 to $243.00.
  • 7/29/2019 – Apple had its price target raised by analysts at UBS Group AG from $225.00 to $235.00. They now have a “buy” rating on the stock.
  • 7/29/2019 – Apple was given a new $239.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 7/26/2019 – Apple was given a new $187.00 price target on by analysts at Goldman Sachs Group Inc. They now have a “neutral” rating on the stock.
  • 7/26/2019 – Apple had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $250.00 price target on the stock, up previously from $220.00.
  • 7/22/2019 – Apple had its price target raised by analysts at Morgan Stanley from $231.00 to $247.00. They now have an “overweight” rating on the stock.
  • 7/19/2019 – Apple had its price target raised by analysts at Nomura from $175.00 to $180.00. They now have a “neutral” rating on the stock.
  • 7/19/2019 – Apple was given a new $230.00 price target on by analysts at Bank of America Corp. They now have a “buy” rating on the stock.
  • 7/18/2019 – Apple was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating. They now have a $250.00 price target on the stock.
  • 7/17/2019 – Apple had its price target raised by analysts at Goldman Sachs Group Inc from $171.00 to $187.00. They now have a “neutral” rating on the stock.
  • 7/15/2019 – Apple had its “neutral” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $209.00 price target on the stock.
  • 7/9/2019 – Apple had its price target raised by analysts at JPMorgan Chase & Co. from $233.00 to $239.00. They now have an “overweight” rating on the stock.
  • 7/8/2019 – Apple had its “sell” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $150.00 price target on the stock. They wrote, “We believe there is less reward for owning Apple stock after the recent stock rebound from stock buybacks and stable second quarter guidance. We do not think Apple is a short (the company has plenty of cash and a meaningful stock buy back program), however, we believe Apple will face fundamental deterioration over the next 6-12 months. We downgrade and maintain our $150 price target. Adding to our Sell thesis, we believe new iPhone sales will be disappointing, iPad sales growth will slow in the second half of 2019, other product sales growth, such as the HomePod, AirPod and iWatch, may not be meaningful to support total revenue growth. After strong service revenue growth over the last 4-6 quarters and the launch of Apple Music and news, we believe service revenue growth will also decelerate.””
  • 7/8/2019 – Apple had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $235.00 price target on the stock.
  • 7/2/2019 – Apple was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 6/28/2019 – Apple had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $235.00 price target on the stock.
  • 6/25/2019 – Apple was given a new $205.00 price target on by analysts at Deutsche Bank AG. They now have a “neutral” rating on the stock.
  • 6/20/2019 – Apple had its “buy” rating reaffirmed by analysts at Cascend Securities. They now have a $240.00 price target on the stock, up previously from $210.00.
  • 6/20/2019 – Apple was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/19/2019 – Apple is now covered by analysts at Deutsche Bank AG. They set a “hold” rating and a $205.00 price target on the stock.
  • 6/17/2019 – Apple was upgraded by analysts at JPMorgan Chase & Co. to an “overweight” rating. They now have a $233.00 price target on the stock, down previously from $235.00.
  • 6/17/2019 – Apple was given a new $209.00 price target on by analysts at Credit Suisse Group AG. They now have a “hold” rating on the stock.

NASDAQ AAPL opened at $208.97 on Wednesday. The firm has a market capitalization of $908.31 billion, a P/E ratio of 17.55, a PEG ratio of 1.69 and a beta of 1.25. The firm’s fifty day simple moving average is $203.54. Apple Inc. has a 1 year low of $142.00 and a 1 year high of $233.47. The company has a quick ratio of 1.47, a current ratio of 1.50 and a debt-to-equity ratio of 0.88.

Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.08. The company had revenue of $53.81 billion during the quarter, compared to the consensus estimate of $53.39 billion. Apple had a net margin of 21.50% and a return on equity of 52.13%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.34 earnings per share. As a group, equities analysts predict that Apple Inc. will post 11.58 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, August 12th will be given a $0.77 dividend. The ex-dividend date is Friday, August 9th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.47%. Apple’s dividend payout ratio (DPR) is currently 25.86%.

In other Apple news, Director Arthur D. Levinson sold 17,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $214.02, for a total value of $3,745,350.00. Following the completion of the transaction, the director now owns 1,150,783 shares in the company, valued at $246,290,577.66. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Chris Kondo sold 4,376 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $217.47, for a total transaction of $951,648.72. The disclosure for this sale can be found here. Corporate insiders own 0.05% of the company’s stock.

Several institutional investors have recently modified their holdings of AAPL. Semmax Financial Advisors Inc. purchased a new stake in shares of Apple in the 4th quarter valued at approximately $50,000. Avondale Wealth Management lifted its holdings in shares of Apple by 25.4% in the 2nd quarter. Avondale Wealth Management now owns 316 shares of the iPhone maker’s stock worth $63,000 after acquiring an additional 64 shares during the last quarter. NuWave Investment Management LLC lifted its holdings in shares of Apple by 2,245.0% in the 2nd quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock worth $93,000 after acquiring an additional 449 shares during the last quarter. Horan Securities Inc. lifted its holdings in shares of Apple by 64.2% in the 2nd quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker’s stock worth $112,000 after acquiring an additional 221 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. lifted its holdings in shares of Apple by 339.1% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 764 shares of the iPhone maker’s stock worth $151,000 after acquiring an additional 590 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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