Apple (NASDAQ:AAPL) has been assigned a $160.00 price target by stock analysts at Jefferies Financial Group in a research note issued to investors on Tuesday. The brokerage currently has a “hold” rating on the iPhone maker’s stock. Jefferies Financial Group’s target price suggests a potential downside of 14.34% from the stock’s previous close.

AAPL has been the topic of a number of other research reports. Raymond James reissued a “hold” rating on shares of Apple in a research report on Tuesday. Morgan Stanley set a $220.00 price target on shares of Apple and gave the company a “buy” rating in a report on Tuesday. Citigroup reissued a “buy” rating and issued a $220.00 price target (up previously from $170.00) on shares of Apple in a report on Thursday, March 21st. Piper Jaffray Companies boosted their price target on shares of Apple to $201.00 and gave the company an “overweight” rating in a report on Monday. Finally, ValuEngine raised shares of Apple from a “hold” rating to a “buy” rating in a report on Friday, March 15th. One analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $201.93.

Shares of AAPL stock traded down $1.95 during trading on Tuesday, hitting $186.79. 49,077,813 shares of the company were exchanged, compared to its average volume of 28,905,542. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.25 and a current ratio of 1.30. The stock has a market cap of $939.04 billion, a P/E ratio of 15.68, a P/E/G ratio of 1.96 and a beta of 1.13. Apple has a twelve month low of $142.00 and a twelve month high of $233.47.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, January 29th. The iPhone maker reported $4.18 EPS for the quarter, topping the consensus estimate of $4.17 by $0.01. The business had revenue of $84.31 billion during the quarter, compared to analysts’ expectations of $84.07 billion. Apple had a net margin of 22.72% and a return on equity of 50.92%. Sell-side analysts predict that Apple will post 11.38 EPS for the current year.

In related news, Director Arthur D. Levinson sold 1,521 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $167.71, for a total transaction of $255,086.91. Following the transaction, the director now owns 1,134,804 shares in the company, valued at approximately $190,317,978.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.05% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Fairview Capital Investment Management LLC increased its stake in shares of Apple by 0.5% in the 4th quarter. Fairview Capital Investment Management LLC now owns 11,131 shares of the iPhone maker’s stock valued at $1,755,000 after acquiring an additional 58 shares during the last quarter. Gradient Capital Advisors LLC increased its stake in shares of Apple by 0.3% in the 4th quarter. Gradient Capital Advisors LLC now owns 25,288 shares of the iPhone maker’s stock valued at $3,989,000 after acquiring an additional 69 shares during the last quarter. Guardian Life Insurance Co. of America increased its stake in shares of Apple by 0.5% in the 4th quarter. Guardian Life Insurance Co. of America now owns 12,997 shares of the iPhone maker’s stock valued at $2,050,000 after acquiring an additional 69 shares during the last quarter. Kopp Investment Advisors LLC increased its stake in shares of Apple by 0.9% in the 4th quarter. Kopp Investment Advisors LLC now owns 7,462 shares of the iPhone maker’s stock valued at $1,177,000 after acquiring an additional 69 shares during the last quarter. Finally, New Potomac Partners LLC increased its stake in shares of Apple by 0.5% in the 4th quarter. New Potomac Partners LLC now owns 14,501 shares of the iPhone maker’s stock valued at $2,287,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 57.29% of the company’s stock.

About Apple

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.

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