Apple (NASDAQ:AAPL) Receives Hold Rating from Sanford C. Bernstein

Share on StockTwits

Apple (NASDAQ:AAPL)‘s stock had its “hold” rating reiterated by stock analysts at Sanford C. Bernstein in a research note issued to investors on Thursday, TipRanks reports. They currently have a $300.00 target price on the iPhone maker’s stock. Sanford C. Bernstein’s price objective indicates a potential upside of 16.07% from the company’s current price.

Several other equities research analysts have also commented on the company. Cascend Securities restated a “buy” rating and set a $350.00 target price (down previously from $375.00) on shares of Apple in a research report on Monday, March 2nd. Macquarie lowered Apple from an “outperform” rating to a “neutral” rating in a research report on Friday, January 3rd. Oppenheimer upgraded Apple from a “market perform” rating to an “outperform” rating and set a $320.00 target price on the stock in a research report on Sunday, March 1st. Wells Fargo & Co upgraded Apple from an “equal weight” rating to an “overweight” rating and set a $315.00 target price on the stock in a research report on Friday, March 13th. Finally, KeyCorp restated a “hold” rating on shares of Apple in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $303.07.

Shares of Apple stock opened at $258.46 on Thursday. Apple has a one year low of $170.27 and a one year high of $327.85. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.60 and a quick ratio of 1.56. The stock’s 50-day moving average is $288.49 and its 200 day moving average is $270.30. The firm has a market cap of $1,110.76 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.80 and a beta of 1.30.

Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, January 28th. The iPhone maker reported $4.99 EPS for the quarter, beating the consensus estimate of $4.54 by $0.45. Apple had a return on equity of 60.19% and a net margin of 21.49%. The company had revenue of $91.80 billion for the quarter, compared to analyst estimates of $88.41 billion. During the same quarter in the prior year, the company earned $4.18 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, sell-side analysts expect that Apple will post 13.05 EPS for the current fiscal year.

In other news, Director Arthur D. Levinson sold 1,429 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $304.11, for a total value of $434,573.19. Following the transaction, the director now owns 1,134,712 shares in the company, valued at $345,077,266.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of AAPL. Norges Bank purchased a new stake in shares of Apple during the fourth quarter valued at approximately $13,759,345,000. Wealth Quarterback LLC purchased a new stake in shares of Apple during the fourth quarter valued at approximately $3,783,310,000. Johanson Financial Advisors Inc. increased its position in shares of Apple by 29,161.0% during the fourth quarter. Johanson Financial Advisors Inc. now owns 16,895,866 shares of the iPhone maker’s stock valued at $57,543,000 after acquiring an additional 16,838,124 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its position in shares of Apple by 23.3% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 8,532,304 shares of the iPhone maker’s stock valued at $2,505,440,000 after acquiring an additional 1,610,137 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of Apple by 9.2% during the fourth quarter. Jennison Associates LLC now owns 14,039,994 shares of the iPhone maker’s stock valued at $4,122,844,000 after acquiring an additional 1,183,091 shares during the last quarter. 60.69% of the stock is owned by institutional investors.

Apple Company Profile

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.

Featured Article: Average Daily Trade Volume – What It Means In Stock Trading

Analyst Recommendations for Apple (NASDAQ:AAPL)

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.



Latest News

Zacks: Brokerages Expect Prevail Therapeutics Inc.  Will Post Earnings of -$0.64 Per Share
Zacks: Brokerages Expect Prevail Therapeutics Inc. Will Post Earnings of -$0.64 Per Share
Analysts Anticipate Collegium Pharmaceutical Inc  Will Announce Earnings of $0.35 Per Share
Analysts Anticipate Collegium Pharmaceutical Inc Will Announce Earnings of $0.35 Per Share
FY2021 EPS Estimates for Sprott Inc. Lowered by Desjardins
FY2021 EPS Estimates for Sprott Inc. Lowered by Desjardins
Analysts Expect Party City Holdco Inc  Will Announce Earnings of -$0.04 Per Share
Analysts Expect Party City Holdco Inc Will Announce Earnings of -$0.04 Per Share
Q1 2021 Earnings Forecast for First Internet Bancorp  Issued By Piper Sandler
Q1 2021 Earnings Forecast for First Internet Bancorp Issued By Piper Sandler
Sabina Gold & Silver  PT Raised to C$3.20
Sabina Gold & Silver PT Raised to C$3.20


© 2006-2020 Ticker Report