Barclays Analysts Give Apple (AAPL) a $174.00 Price Target

Barclays set a $174.00 target price on Apple (NASDAQ:AAPL) in a research note released on Thursday morning. The brokerage currently has a neutral rating on the iPhone maker’s stock.

A number of other brokerages have also weighed in on AAPL. Mizuho set a $160.00 price target on shares of Apple and gave the company a hold rating in a research note on Wednesday, October 18th. Vetr lowered shares of Apple from a buy rating to a hold rating and set a $178.34 price target on the stock. in a research note on Friday, December 1st. UBS Group set a $190.00 price target on shares of Apple and gave the company a buy rating in a research note on Friday, January 5th. Needham & Company LLC boosted their price objective on shares of Apple from $175.00 to $200.00 and gave the stock a buy rating in a research report on Friday, November 3rd. Finally, Instinet lowered shares of Apple from a buy rating to a neutral rating and set a $175.00 price objective on the stock. in a research report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Apple presently has an average rating of Buy and a consensus target price of $200.59.

Shares of Apple (NASDAQ AAPL) traded down $0.80 on Thursday, reaching $178.46. 30,827,809 shares of the company’s stock were exchanged, compared to its average volume of 25,680,000. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. Apple has a 1 year low of $119.50 and a 1 year high of $180.10. The company has a market capitalization of $916,270.00, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.44 and a beta of 1.23.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The firm had revenue of $52.58 billion for the quarter, compared to analyst estimates of $50.71 billion. During the same quarter in the previous year, the firm posted $1.50 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. research analysts forecast that Apple will post 11.15 EPS for the current year.

In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total value of $2,695,726.35. Following the transaction, the insider now directly owns 39,682 shares in the company, valued at $6,839,192.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Johny Srouji sold 10,368 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now owns 81,560 shares in the company, valued at $14,246,900.80. The disclosure for this sale can be found here. Insiders have sold 128,412 shares of company stock worth $22,115,155 over the last ninety days. Insiders own 0.08% of the company’s stock.

Several large investors have recently added to or reduced their stakes in AAPL. Stone House Investment Management LLC grew its stake 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. Jackson Grant Investment Advisers Inc. grew its stake 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. grew its stake 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. Karp Capital Management Corp grew its stake in shares of Apple by 1.6% in the second quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock valued at $206,000 after acquiring an additional 22 shares in the last quarter. Finally, Welch Investments LLC grew its stake in shares of Apple by 1.5% in the second quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock valued at $231,000 after acquiring an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 60.19% of the company’s stock.

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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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