Morgan Stanley Analysts Give Apple Inc. (AAPL) a $200.00 Price Target
Apple Inc. (NASDAQ:AAPL) has been assigned a $200.00 price objective by investment analysts at Morgan Stanley in a research note issued to investors on Friday. The firm presently has a “buy” rating on the iPhone maker’s stock. Morgan Stanley’s price target would suggest a potential upside of 18.97% from the company’s previous close.
A number of other analysts have also recently commented on the company. UBS AG reiterated a “buy” rating and set a $170.00 price objective on shares of Apple in a research report on Monday, July 31st. Wells Fargo & Company reiterated a “market perform” rating and set a $140.00 price objective on shares of Apple in a research report on Saturday, July 22nd. KeyCorp reiterated an “equal weight” rating on shares of Apple in a research report on Friday, August 4th. Barclays PLC reiterated a “hold” rating and set a $146.00 price objective on shares of Apple in a research report on Monday, September 4th. Finally, Royal Bank Of Canada lifted their price objective on Apple from $176.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, September 1st. Seven analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. Apple has an average rating of “Buy” and a consensus target price of $197.68.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.20. The business had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. Apple had a return on equity of 36.36% and a net margin of 21.09%. The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.50 EPS.
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In other Apple news, SVP D Bruce Sewell sold 31,625 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $158.13, for a total transaction of $5,000,861.25. Following the completion of the transaction, the senior vice president now directly owns 112,430 shares in the company, valued at $17,778,555.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Johny Srouji sold 10,469 shares of the company’s 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 owns 76,250 shares of the company’s stock, valued at $12,367,750. The disclosure for this sale can be found here. Insiders have sold 541,177 shares of company stock valued at $85,864,804 over the last 90 days. 0.08% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Roffman Miller Associates Inc. PA grew its holdings in shares of Apple by 2.4% during the third quarter. Roffman Miller Associates Inc. PA now owns 139,262 shares of the iPhone maker’s stock worth $21,463,000 after buying an additional 3,274 shares in the last quarter. Swiss National Bank grew its holdings in shares of Apple by 0.4% during the third quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock worth $2,966,581,000 after buying an additional 79,100 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its holdings in shares of Apple by 13.8% during the third quarter. Jaffetilchin Investment Partners LLC now owns 45,029 shares of the iPhone maker’s stock worth $6,940,000 after buying an additional 5,455 shares in the last quarter. Obermeyer Wood Investment Counsel Lllp grew its holdings in shares of Apple by 12.5% during the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 10,214 shares of the iPhone maker’s stock worth $1,574,000 after buying an additional 1,131 shares in the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI grew its holdings in shares of Apple by 2.1% in the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 76,483 shares of the iPhone maker’s stock valued at $11,788,000 after purchasing an additional 1,549 shares during the period. 60.33% of the stock is owned by institutional investors and hedge funds.
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.
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