Apple (NASDAQ:AAPL) Given a $162.00 Price Target at Barclays
Apple (NASDAQ:AAPL) has been given a $162.00 target price by equities researchers at Barclays in a research note issued to investors on Wednesday, January 3rd. The brokerage presently has a “neutral” rating on the iPhone maker’s stock. Barclays’ target price indicates a potential downside of 3.55% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. Citigroup restated a “buy” rating and set a $200.00 price objective on shares of Apple in a research note on Wednesday, December 13th. Drexel Hamilton restated a “buy” rating and set a $208.00 price objective on shares of Apple in a research note on Tuesday, October 24th. Piper Jaffray Companies reiterated a “buy” rating and issued a $200.00 price target (up previously from $196.00) on shares of Apple in a research note on Tuesday, October 31st. Vetr cut Apple from a “buy” rating to a “hold” rating and set a $171.48 price target on the stock. in a research note on Monday, October 30th. Finally, Nomura set a $185.00 price target on Apple and gave the stock a “buy” rating in a research note on Monday, November 27th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, thirty-six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $201.12.
Shares of Apple (NASDAQ:AAPL) opened at $167.96 on Wednesday. Apple has a 1 year low of $120.62 and a 1 year high of $180.10. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. The company has a market capitalization of $872,480.88, a price-to-earnings ratio of 18.26, a PEG ratio of 1.39 and a beta of 1.21.
In other Apple news, SVP Johny Srouji sold 5,760 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the transaction, the senior vice president now directly owns 81,560 shares of the company’s stock, valued at $14,224,064. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the transaction, the insider now directly owns 13,739 shares in the company, valued at $2,401,302.42. The disclosure for this sale can be found here. Insiders sold 128,412 shares of company stock valued at $22,115,155 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Blue Sky Asset Management LLC bought a new stake in shares of Apple in the second quarter valued at about $108,000. Hefty Wealth Partners lifted its stake in shares of Apple by 27.6% in the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 174 shares during the period. FNY Managed Accounts LLC lifted its stake in shares of Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 716 shares during the period. Private Vista LLC bought a new stake in shares of Apple in the second quarter valued at about $122,000. Finally, Armbruster Capital Management Inc. lifted its stake in shares of Apple by 9.4% in the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after buying an additional 78 shares during the period. 60.26% of the stock is currently owned by hedge funds and other 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.
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