Macquarie have set their target price at 115 Dollars on its stock. Credit Agricole SA reaffirmed a “buy” rating and set a $128.00 price target on shares of Apple in a research report on Thursday, April 14th.
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On Tuesday analysts at UBS Securities maintained Apple Inc.’s (NASDAQ:AAPL) shares as “Buy” in a research note issued to investors.
But while the earnings report illustrated some of Apple’s growing challenges, analysts welcomed the company’s forward guidance and repeated buy ratings on the stock. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Apple in a research report on Tuesday. The consensus target price is $124.23 with 17 firms rating the company a strong buy, 22 firms rating the stock a buy, eight analyts rating the stock a hold, zero rating the stock to underperform, and lastly zero firmsrating the stock as sell. Apple now has an average rating of “Buy” and an average target price of $125.79.
Year-to-date (YTD) performance of the stock illustrate downbeat trend of -7.10%. The stock was sold at an average price of $100.00, for a total transaction of $2,500,000.00. The Hedge Fund company now holds 385,808 shares of AAPL which is valued at $38,565,368. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The shares were sold at an average price of $96.78, for a total transaction of $9,997,374.00. Following the sale, the senior vice president now directly owns 105,839 shares in the company, valued at $10,583,900.
Other Hedge Funds, Including, Millie Capital Management boosted its stake in AAPL in the latest quarter, The investment management firm added 1,478 additional shares and now holds a total of 27,645 shares of Apple which is valued at $2,727,456.
Shares in Apple Inc. have risen as high as 123.91 in the past 52 weeks whilst the lowest price in the last 52 weeks has been 89.47. Company has a market cap of $547,523 M.
During the last trading period, the peak price level of the share was $97.97; it means it is top price of day and down price level of the share was $96.42; it means minimum price of the day at which price share traded. (NASDAQ:AAPL) fell -0.69% in trading session and finally closed at $96.67. The iPhone maker reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.04. During the same period previous year, the company posted $1.85 EPS.
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On the company’s financial health, Apple reported $1.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on April 26, 2016. The business’s revenue for the quarter was down 14.6% on a year-over-year basis. On average, equities research analysts predict that Apple will post $8.21 earnings per share for the current year. Investors of record on Monday, August 8th will be paid a dividend of $0.57 per share.
