Weekly Research Analysts’ Ratings Changes for Apple (AAPL)

Several analysts have recently updated their ratings and price targets for Apple (NASDAQ: AAPL):

  • 10/30/2018 – Apple was given a new $200.00 price target on by analysts at Rosenblatt Securities. They now have a “buy” rating on the stock. They wrote, “We believe this equates to ~6-7% of total new model production in the second half of 2018. We recently trimmed our iPhone XR shipment forecasts by 3 million units due to weak preorders. We are trimming our XR shipment estimates by another 2 million units and trimming our XS shipment estimates by 1 million units. After tracking sell -through data from various retail channels, we believe initial iPhone XR sales are weaker than we expected and weaker than XS/XS Max sales. We estimate global first weekend sales of the iPhone XR to be ~9 million units, 1 million units lower than sales of the the first weekend. Compared to the iPhone 8/8Plus, we believe XR sales are better, although the 8Plus faced some constraints and a smaller sell-through base.””
  • 10/29/2018 – Apple was given a new $215.00 price target on by analysts at Nomura. They now have a “neutral” rating on the stock.
  • 10/29/2018 – Apple was given a new $210.00 price target on by analysts at Wells Fargo & Co. They now have a “neutral” rating on the stock.
  • 10/29/2018 – Apple was given a new $235.00 price target on by analysts at Macquarie. They now have a “buy” rating on the stock.
  • 10/29/2018 – Apple had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a $235.00 price target on the stock.
  • 10/29/2018 – Apple was given a new $272.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 10/29/2018 – Apple is now covered by analysts at Jefferies Financial Group Inc. They set a “buy” rating and a $265.00 price target on the stock.
  • 10/25/2018 – Apple had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group Inc. They now have a $240.00 price target on the stock.
  • 10/24/2018 – Apple was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/22/2018 – Apple had its “neutral” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $200.00 price target on the stock.
  • 10/22/2018 – Apple was given a new $200.00 price target on by analysts at Rosenblatt Securities. They now have a “buy” rating on the stock.
  • 10/18/2018 – Apple is now covered by analysts at Wedbush. They set an “outperform” rating and a $310.00 price target on the stock.
  • 10/10/2018 – Apple had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $272.00 price target on the stock.
  • 10/9/2018 – Apple is now covered by analysts at Vertical Group. They set a “sell” rating on the stock.
  • 10/9/2018 – Apple had its “buy” rating reaffirmed by analysts at Bank of America Corp.
  • 10/8/2018 – Apple was given a new $250.00 price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.
  • 10/8/2018 – Apple had its price target raised by analysts at Citigroup Inc from $230.00 to $265.00. They now have a “buy” rating on the stock.
  • 10/1/2018 – Apple had its “neutral” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 10/1/2018 – Apple was given a new $210.00 price target on by analysts at Wells Fargo & Co. They now have a “neutral” rating on the stock.
  • 9/28/2018 – Apple had its “neutral” rating reaffirmed by analysts at Nomura. They now have a $215.00 price target on the stock, up previously from $210.00.
  • 9/27/2018 – Apple is now covered by analysts at JPMorgan Chase & Co.. They set an “overweight” rating and a $272.00 price target on the stock.
  • 9/27/2018 – Apple had its “buy” rating reaffirmed by analysts at Macquarie. They now have a $235.00 price target on the stock.
  • 9/26/2018 – Apple had its “buy” rating reaffirmed by analysts at Morgan Stanley. They now have a $247.00 price target on the stock.
  • 9/26/2018 – Apple had its “buy” rating reaffirmed by analysts at Cleveland Research.
  • 9/26/2018 – Apple had its price target raised by analysts at Royal Bank of Canada to $250.00. They now have an “average” rating on the stock.
  • 9/24/2018 – Apple had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $200.00 price target on the stock.
  • 9/24/2018 – Apple had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $235.00 price target on the stock.
  • 9/24/2018 – Apple was given a new $240.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 9/19/2018 – Apple was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/18/2018 – Apple had its “sell” rating reaffirmed by analysts at New Street Research.
  • 9/17/2018 – Apple was given a new $210.00 price target on by analysts at Wells Fargo & Co. They now have a “neutral” rating on the stock.
  • 9/17/2018 – Apple was given a new $200.00 price target on by analysts at Rosenblatt Securities. They now have a “buy” rating on the stock.
  • 9/17/2018 – Apple had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $230.00 price target on the stock.
  • 9/17/2018 – Apple was given a new $250.00 price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.
  • 9/17/2018 – Apple was given a new $240.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 9/14/2018 – Apple had its price target raised by analysts at Monness Crespi & Hardt from $275.00 to $300.00. They now have a “buy” rating on the stock.
  • 9/14/2018 – Apple was given a new $270.00 price target on by analysts at Independent Research GmbH. They now have a “buy” rating on the stock.
  • 9/13/2018 – Apple had its price target raised by analysts at Morgan Stanley from $245.00 to $247.00. They now have an “overweight” rating on the stock.
  • 9/13/2018 – Apple had its “neutral” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $200.00 price target on the stock.
  • 9/13/2018 – Apple had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group Inc. They now have a $240.00 price target on the stock.
  • 9/13/2018 – Apple had its “neutral” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 9/13/2018 – Apple was given a new $200.00 price target on by analysts at Morningstar, Inc.. They now have a “neutral” rating on the stock.
  • 9/13/2018 – Apple was given a new $210.00 price target on by analysts at Nomura. They now have a “neutral” rating on the stock.
  • 9/13/2018 – Apple was upgraded by analysts at BMO Capital Markets to a “market perform” rating. They now have a $199.00 price target on the stock.
  • 9/13/2018 – Apple had its price target raised by analysts at Deutsche Bank AG to $205.00. They now have a “hold” rating on the stock.
  • 9/13/2018 – Apple had its price target raised by analysts at Needham & Company LLC from $220.00 to $260.00. They now have a “buy” rating on the stock.
  • 9/13/2018 – Apple had its price target raised by analysts at Maxim Group to $221.00. They now have an “average” rating on the stock.
  • 9/12/2018 – Apple had its “buy” rating reaffirmed by analysts at Macquarie. They now have a $214.00 price target on the stock.
  • 9/12/2018 – Apple was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 9/12/2018 – Apple is now covered by analysts at UBS Group AG.
  • 9/11/2018 – Apple was given a new $210.00 price target on by analysts at Wells Fargo & Co. They now have a “neutral” rating on the stock.
  • 9/11/2018 – Apple had its price target raised by analysts at S&P Equity Research to $250.00. They now have an “in-line” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 9/11/2018 – Apple was given a new $250.00 price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.
  • 9/11/2018 – Apple had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $240.00 price target on the stock.
  • 9/11/2018 – Apple was given a new $245.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 9/10/2018 – Apple had its price target raised by analysts at Bank of America Corp from $250.00 to $256.00. They now have a “buy” rating on the stock.
  • 9/10/2018 – Apple had its price target raised by analysts at Loop Capital to $256.00. They now have a “buy” rating on the stock.
  • 9/7/2018 – Apple had its price target raised by analysts at Piper Jaffray Companies from $218.00 to $250.00. They now have an “overweight” rating on the stock.
  • 9/7/2018 – Apple had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group Inc.
  • 9/5/2018 – Apple was given a new $210.00 price target on by analysts at Wells Fargo & Co. They now have a “neutral” rating on the stock.
  • 9/5/2018 – Apple had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $265.00 price target on the stock, up previously from $230.00.
  • 9/5/2018 – Apple had its “buy” rating reaffirmed by analysts at Morgan Stanley. They now have a $245.00 price target on the stock, up previously from $232.00.
  • 9/4/2018 – Apple had its price target raised by analysts at Royal Bank of Canada to $240.00. They now have an “outperform” rating on the stock.
  • 9/4/2018 – Apple was given a new $230.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 9/4/2018 – Apple had its price target raised by analysts at Cascend Securities from $230.00 to $250.00. They now have a “buy” rating on the stock.
  • 9/4/2018 – Apple had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $250.00 price target on the stock, up previously from $220.00.
  • 9/3/2018 – Apple had its “buy” rating reaffirmed by analysts at DZ Bank AG.
  • 8/31/2018 – Apple was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/31/2018 – Apple was given a new $210.00 price target on by analysts at Nomura. They now have a “neutral” rating on the stock.

Apple stock opened at $212.24 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.31 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $1,063.14 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 1.66 and a beta of 1.36. Apple Inc. has a 12 month low of $150.24 and a 12 month high of $233.47.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, July 31st. The iPhone maker reported $2.34 EPS for the quarter, beating the consensus estimate of $2.18 by $0.16. The firm had revenue of $53.27 billion during the quarter, compared to analysts’ expectations of $52.43 billion. Apple had a return on equity of 43.50% and a net margin of 21.98%. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.67 EPS. As a group, analysts expect that Apple Inc. will post 11.77 earnings per share for the current fiscal year.

In other Apple news, Director Arthur D. Levinson sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $206.58, for a total value of $4,131,600.00. Following the completion of the transaction, the director now owns 1,153,283 shares of the company’s stock, valued at approximately $238,245,202.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Angela J. Ahrendts sold 14,194 shares of the company’s stock in a transaction that occurred on Friday, October 5th. The shares were sold at an average price of $227.96, for a total value of $3,235,664.24. Following the completion of the transaction, the senior vice president now directly owns 105,538 shares of the company’s stock, valued at approximately $24,058,442.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 564,185 shares of company stock valued at $124,444,213. Insiders own 0.06% of the company’s stock.

A number of institutional investors have recently bought and sold shares of AAPL. FMR LLC grew its stake in shares of Apple by 3.0% in the 2nd quarter. FMR LLC now owns 103,652,293 shares of the iPhone maker’s stock valued at $19,187,075,000 after purchasing an additional 3,019,688 shares during the period. Summit Trail Advisors LLC grew its stake in shares of Apple by 17,669.4% in the 1st quarter. Summit Trail Advisors LLC now owns 20,180,694 shares of the iPhone maker’s stock valued at $20,181,000 after purchasing an additional 20,067,124 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Apple by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 19,817,792 shares of the iPhone maker’s stock valued at $3,668,472,000 after purchasing an additional 207,520 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Apple by 6.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,008,496 shares of the iPhone maker’s stock valued at $3,148,443,000 after purchasing an additional 1,030,981 shares during the period. Finally, Swiss National Bank grew its stake in shares of Apple by 1.8% in the 2nd quarter. Swiss National Bank now owns 16,874,216 shares of the iPhone maker’s stock valued at $3,123,586,000 after purchasing an additional 304,600 shares during the period. 58.43% of the stock is owned by hedge funds and other institutional investors.

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

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