Apple Inc. (NASDAQ:AAPL)‘s stock had its “overweight” rating reaffirmed by Piper Jaffray Companies in a research report issued on Monday. They presently have a $155.00 price target on the iPhone maker’s stock. Piper Jaffray Companies’ price objective would suggest a potential upside of 10.72% from the company’s previous close.

A number of other brokerages also recently weighed in on AAPL. Cowen and Company reaffirmed an “outperform” rating and issued a $155.00 target price (up from $135.00) on shares of Apple in a research note on Thursday. Bank of America Corp boosted their target price on shares of Apple from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday. Pacific Crest reaffirmed an “overweight” rating and issued a $150.00 target price on shares of Apple in a research note on Friday. Citigroup Inc boosted their target price on shares of Apple from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, March 6th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $160.00 target price on shares of Apple in a research note on Monday, March 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $140.24.

Analyst Recommendations for Apple (NASDAQ:AAPL)

Shares of Apple (NASDAQ:AAPL) traded up 0.2746% during mid-day trading on Monday, reaching $141.0764. 462,750 shares of the company were exchanged. The firm has a 50-day moving average price of $134.83 and a 200 day moving average price of $119.06. The stock has a market capitalization of $740.16 billion, a P/E ratio of 16.9359 and a beta of 1.26. Apple has a 12 month low of $89.47 and a 12 month high of $141.34.

Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, January 31st. The iPhone maker reported $3.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.22 by $0.14. Apple had a net margin of 20.73% and a return on equity of 34.94%. The company earned $78.35 billion during the quarter, compared to the consensus estimate of $77.37 billion. During the same period in the previous year, the firm posted $3.28 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. Equities research analysts anticipate that Apple will post $8.94 EPS for the current fiscal year.

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In other Apple news, CEO Timothy D. Cook sold 30,000 shares of the firm’s stock in a transaction on Thursday, January 19th. The stock was sold at an average price of $120.00, for a total transaction of $3,600,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Timothy D. Cook sold 40,000 shares of the firm’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $124.40, for a total value of $4,976,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 403,844 shares of company stock worth $51,434,527. Company insiders own 0.08% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Bailard Inc. boosted its position in shares of Apple by 23.2% in the third quarter. Bailard Inc. now owns 181,502 shares of the iPhone maker’s stock valued at $20,519,000 after buying an additional 34,162 shares during the period. LGT Capital Partners LTD. boosted its position in shares of Apple by 10.4% in the third quarter. LGT Capital Partners LTD. now owns 140,020 shares of the iPhone maker’s stock valued at $15,829,000 after buying an additional 13,140 shares during the period. Stanford Investment Group Inc. boosted its position in shares of Apple by 25.9% in the fourth quarter. Stanford Investment Group Inc. now owns 98,014 shares of the iPhone maker’s stock valued at $11,352,000 after buying an additional 20,176 shares during the period. CFO4Life L.P. boosted its position in shares of Apple by 3.3% in the third quarter. CFO4Life L.P. now owns 21,036 shares of the iPhone maker’s stock valued at $2,378,000 after buying an additional 670 shares during the period. Finally, Woodstock Corp boosted its position in shares of Apple by 2.4% in the third quarter. Woodstock Corp now owns 62,122 shares of the iPhone maker’s stock valued at $7,023,000 after buying an additional 1,440 shares during the period. Institutional investors and hedge funds own 58.76% 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.

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