Apple (AAPL) Price Target Raised to $201.00
Apple (NASDAQ:AAPL) had its price objective lifted by Piper Jaffray Companies to $201.00 in a research report sent to investors on Monday morning, The Fly reports. Piper Jaffray Companies currently has an overweight rating on the iPhone maker’s stock.
Several other equities analysts have also issued reports on AAPL. Loop Capital cut their price objective on shares of Apple to $225.00 and set a buy rating on the stock in a report on Monday, November 26th. Royal Bank of Canada cut their price objective on shares of Apple to $235.00 and set an outperform rating on the stock in a report on Tuesday, November 27th. UBS Group reissued a buy rating and set a $225.00 price objective on shares of Apple in a report on Tuesday, November 27th. BidaskClub lowered shares of Apple from a hold rating to a sell rating in a report on Wednesday, November 28th. Finally, Wedbush raised shares of Apple to an outperform rating and cut their price target for the stock from $310.00 to $275.00 in a report on Wednesday, November 28th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, twenty-three have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Apple has an average rating of Buy and a consensus target price of $201.93.
Shares of AAPL stock opened at $188.47 on Monday. The company has a market cap of $918.10 billion, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.25 and a current ratio of 1.30. Apple has a 52-week low of $142.00 and a 52-week high of $233.47.
In other news, Director Arthur D. Levinson sold 1,521 shares of Apple stock in a transaction on Friday, February 1st. The shares were sold at an average price of $167.71, for a total transaction of $255,086.91. Following the completion of the sale, the director now directly owns 1,134,804 shares in the company, valued at $190,317,978.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.05% of the company’s stock.
Large investors have recently bought and sold shares of the company. Exencial Wealth Advisors LLC lifted its stake in Apple by 1.5% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 68,555 shares of the iPhone maker’s stock valued at $12,690,000 after acquiring an additional 1,035 shares in the last quarter. O Dell Group LLC lifted its stake in Apple by 5.7% in the 2nd quarter. O Dell Group LLC now owns 34,660 shares of the iPhone maker’s stock valued at $6,416,000 after acquiring an additional 1,882 shares in the last quarter. SeaTown Holdings Pte. Ltd. bought a new stake in Apple in the 2nd quarter valued at approximately $11,107,000. J. L. Bainbridge & Co. Inc. bought a new stake in Apple in the 2nd quarter valued at approximately $66,170,000. Finally, Jaffetilchin Investment Partners LLC lifted its stake in Apple by 1.0% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 42,603 shares of the iPhone maker’s stock valued at $7,886,000 after acquiring an additional 423 shares in the last quarter. Institutional investors and hedge funds own 57.29% of the company’s stock.
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.
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.