Nomura set a $175.00 price target on Apple (NASDAQ:AAPL) in a research note released on Tuesday morning. The firm currently has a neutral rating on the iPhone maker’s stock.

Other equities analysts have also issued research reports about the company. Robert W. Baird reiterated a buy rating and issued a $172.00 price target on shares of Apple in a research note on Tuesday, September 5th. Drexel Hamilton reiterated a buy rating and issued a $208.00 price target on shares of Apple in a research note on Thursday, August 24th. Canaccord Genuity reiterated a buy rating and issued a $180.00 price target on shares of Apple in a research note on Tuesday, August 22nd. UBS reiterated a buy rating and issued a $180.00 price target on shares of Apple in a research note on Tuesday, August 29th. Finally, Cleveland Research upgraded Apple from a neutral rating to a buy rating and set a $197.00 price objective on the stock in a research report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Apple presently has an average rating of Buy and an average price target of $197.22.

Apple (AAPL) opened at $174.54 on Tuesday. Apple has a 52 week low of $114.76 and a 52 week high of $177.20. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $905,795.31, a price-to-earnings ratio of 19.18, a PEG ratio of 1.41 and a beta of 1.22.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The company had revenue of $52.58 billion for the quarter, compared to analyst estimates of $50.71 billion. During the same quarter last year, the company posted $1.50 EPS. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. sell-side analysts expect that Apple will post 11.18 earnings per share for the current year.

In other news, insider Philip W. Schiller sold 56,808 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total value of $8,788,197.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Angela J. Ahrendts sold 63,388 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $154.21, for a total value of $9,775,063.48. The disclosure for this sale can be found here. Insiders have sold a total of 232,967 shares of company stock worth $37,944,683 over the last ninety days. Company insiders own 0.08% of the company’s stock.

Large investors have recently made changes to their positions in the company. YHB Investment Advisors Inc. increased its position in Apple by 7.6% in the 2nd quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock valued at $19,614,000 after buying an additional 9,663 shares in the last quarter. Lederer & Associates Investment Counsel CA increased its position in Apple by 2.1% in the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock valued at $5,377,000 after buying an additional 779 shares in the last quarter. Carnick & Kubik Group LLC increased its position in Apple by 14.4% in the 2nd quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock valued at $2,987,000 after buying an additional 2,612 shares in the last quarter. GenTrust LLC increased its position in Apple by 1,022.9% in the 2nd quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock valued at $4,942,000 after buying an additional 31,259 shares in the last quarter. Finally, Texan Capital Management increased its position in Apple by 1.6% in the 2nd quarter. Texan Capital Management now owns 25,591 shares of the iPhone maker’s stock valued at $3,686,000 after buying an additional 393 shares in the last quarter. 59.62% of the stock is currently owned by institutional investors.

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Apple Company Profile

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.

Analyst Recommendations for Apple (NASDAQ:AAPL)

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