Apple Inc. (NASDAQ:AAPL) had its price objective boosted by stock analysts at BMO Capital Markets from $180.00 to $195.00 in a research note issued on Friday. The brokerage presently has an “outperform” rating on the iPhone maker’s stock. BMO Capital Markets’ target price indicates a potential upside of 13.04% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Citigroup Inc. restated a “buy” rating and issued a $200.00 target price (up previously from $170.00) on shares of Apple in a research note on Friday. They noted that the move was a valuation call. Royal Bank Of Canada raised their target price on Apple from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday. Loop Capital raised their target price on Apple from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Friday. Barclays PLC restated a “hold” rating and issued a $146.00 target price on shares of Apple in a research note on Tuesday, August 15th. Finally, Vetr upgraded Apple from a “hold” rating to a “buy” rating and set a $166.96 target price for the company in a research note on Thursday, August 17th. Seven equities research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company’s stock. Apple has a consensus rating of “Buy” and an average price target of $198.38.

Apple (NASDAQ:AAPL) traded up $4.39 on Friday, hitting $172.50. The stock had a trading volume of 58,683,826 shares, compared to its average volume of 25,147,278. The stock has a market cap of $891,001.81, a PE ratio of 18.75, a PEG ratio of 1.42 and a beta of 1.23. The company has a current ratio of 1.39, a quick ratio of 1.35 and a debt-to-equity ratio of 0.68. Apple has a 52 week low of $104.08 and a 52 week high of $174.26.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a return on equity of 36.36% and a net margin of 21.09%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.50 EPS. sell-side analysts predict that Apple will post 11.11 EPS for the current fiscal year.

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In related news, SVP Johny Srouji sold 10,469 shares of Apple stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $162.20, for a total transaction of $1,698,071.80. Following the transaction, the senior vice president now directly owns 76,250 shares in the company, valued at $12,367,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction on Monday, August 28th. The shares were sold at an average price of $160.63, for a total value of $43,148,912.49. The disclosure for this sale can be found here. Insiders have sold 541,177 shares of company stock worth $85,864,804 over the last quarter. 0.08% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stone House Investment Management LLC lifted its position in shares of Apple by 0.4% in the second quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock valued at $226,000 after acquiring an additional 6 shares in the last quarter. FC Advisory LLC lifted its position in shares of Apple by 0.4% in the second quarter. FC Advisory LLC now owns 2,576 shares of the iPhone maker’s stock valued at $371,000 after acquiring an additional 10 shares in the last quarter. Jackson Grant Investment Advisers Inc. lifted its position in shares of Apple by 0.3% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock valued at $782,000 after acquiring an additional 17 shares in the last quarter. Lenox Wealth Advisors Inc. lifted its position in shares of Apple by 0.4% in the second quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock valued at $716,000 after acquiring an additional 20 shares in the last quarter. Finally, BerganKDV Wealth Management LLC lifted its position in shares of Apple by 0.4% in the second quarter. BerganKDV Wealth Management LLC now owns 5,614 shares of the iPhone maker’s stock valued at $809,000 after acquiring an additional 20 shares in the last quarter. Institutional investors own 60.33% 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.

Analyst Recommendations for Apple (NASDAQ:AAPL)

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