Apple Inc. (AAPL) Upgraded to Strong-Buy by Vetr Inc.

Vetr upgraded shares of Apple Inc. (NASDAQ:AAPL) from a buy rating to a strong-buy rating in a report released on Tuesday morning. They currently have $133.51 target price on the iPhone maker’s stock.

Several other analysts have also recently weighed in on AAPL. Credit Suisse Group reaffirmed an outperform rating and issued a $150.00 target price on shares of Apple in a report on Thursday, September 15th. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and issued a $124.00 target price on shares of Apple in a report on Wednesday, October 12th. Citigroup Inc. raised their target price on shares of Apple from $120.00 to $130.00 and gave the company a buy rating in a report on Friday, September 30th. Nomura reaffirmed a buy rating and issued a $135.00 target price on shares of Apple in a report on Tuesday, December 6th. Finally, Brean Capital reaffirmed a buy rating on shares of Apple in a report on Friday, January 6th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, forty-two have given a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $129.41.

Analyst Recommendations for Apple (NASDAQ:AAPL)

Shares of Apple (NASDAQ:AAPL) traded up 0.60% on Tuesday, hitting $119.83. 22,286,856 shares of the stock were exchanged. The stock has a market cap of $638.97 billion, a PE ratio of 14.42 and a beta of 1.30. Apple has a 52-week low of $89.47 and a 52-week high of $119.93. The company’s 50 day moving average is $113.88 and its 200-day moving average is $108.94.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, October 25th. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.01. The business had revenue of $46.85 billion for the quarter, compared to analysts’ expectations of $46.88 billion. Apple had a net margin of 21.19% and a return on equity of 35.59%. The business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.96 earnings per share. Analysts predict that Apple will post $8.99 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Apple Inc. (AAPL) Upgraded to Strong-Buy by Vetr Inc.” was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://sportsperspectives.com/2017/01/11/apple-inc-aapl-upgraded-to-strong-buy-by-vetr-inc.html.

In other Apple news, CFO Luca Maestri sold 16,950 shares of Apple stock in a transaction on Monday, November 7th. The stock was sold at an average price of $110.03, for a total value of $1,865,008.50. Following the completion of the transaction, the chief financial officer now owns 12,055 shares in the company, valued at approximately $1,326,411.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Philip W. Schiller sold 43,769 shares of Apple stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $115.07, for a total value of $5,036,498.83. The disclosure for this sale can be found here. 0.08% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in shares of Apple by 34.8% in the second quarter. BNP Paribas Arbitrage SA now owns 5,887,600 shares of the iPhone maker’s stock valued at $562,855,000 after buying an additional 1,521,440 shares during the last quarter. Keel Point LLC increased its position in shares of Apple by 3.7% in the second quarter. Keel Point LLC now owns 37,718 shares of the iPhone maker’s stock valued at $3,606,000 after buying an additional 1,346 shares during the last quarter. Palisade Asset Management LLC increased its position in shares of Apple by 4.1% in the second quarter. Palisade Asset Management LLC now owns 86,466 shares of the iPhone maker’s stock valued at $8,266,000 after buying an additional 3,410 shares during the last quarter. Hall Laurie J Trustee increased its position in shares of Apple by 5.4% in the second quarter. Hall Laurie J Trustee now owns 25,189 shares of the iPhone maker’s stock valued at $2,442,000 after buying an additional 1,300 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. increased its position in shares of Apple by 213.5% in the second quarter. Campbell Newman Asset Management Inc. now owns 56,905 shares of the iPhone maker’s stock valued at $5,440,000 after buying an additional 38,755 shares during the last quarter. Hedge funds and other institutional investors own 56.95% of the company’s stock.

About Apple

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.

5 Day Chart for NASDAQ:AAPL

Receive News & Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply