Apple (AAPL) Given a $174.00 Price Target at Barclays
A number of other analysts have also recently commented on AAPL. Zacks Investment Research upgraded Apple from a hold rating to a buy rating and set a $197.00 target price on the stock in a research report on Thursday. Longbow Research cut Apple from a buy rating to a neutral rating in a research report on Wednesday. Bank of America reiterated a buy rating and set a $180.00 target price on shares of Apple in a research report on Tuesday, September 26th. Rosenblatt Securities reiterated a neutral rating and set a $150.00 target price on shares of Apple in a research report on Thursday, September 21st. Finally, Sanford C. Bernstein reiterated a buy rating and set a $175.00 target price on shares of Apple in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. Apple presently has a consensus rating of Buy and an average target price of $200.59.
Apple (AAPL) traded down $0.80 on Thursday, hitting $178.46. The stock had a trading volume of 31,306,224 shares, compared to its average volume of 25,510,000. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. Apple has a twelve month low of $119.50 and a twelve month high of $180.10. The firm has a market capitalization of $912,180.00, a PE ratio of 19.42, a P/E/G ratio of 1.45 and a beta of 1.23.
In related news, insider Johny Srouji sold 10,368 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $174.68, for a total transaction of $1,811,082.24. Following the sale, the insider now owns 81,560 shares in the company, valued at $14,246,900.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the sale, the insider now owns 39,682 shares in the company, valued at approximately $6,839,192.70. The disclosure for this sale can be found here. Insiders have sold 128,412 shares of company stock worth $22,115,155 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Sky Asset Management LLC acquired a new stake in shares of Apple in the second quarter valued at approximately $108,000. FNY Managed Accounts LLC increased its stake in shares of Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 716 shares during the period. Private Vista LLC acquired a new stake in shares of Apple in the second quarter valued at approximately $122,000. Armbruster Capital Management Inc. increased its stake in shares of Apple by 9.4% in the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after purchasing an additional 78 shares during the period. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Apple in the second quarter valued at approximately $149,000. Hedge funds and other institutional investors own 60.19% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This article was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.watchlistnews.com/apple-aapl-given-a-174-00-price-target-at-barclays/1815998.html.
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.
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.