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.

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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.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The firm had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. During the same quarter in the previous year, the business earned $1.50 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. analysts expect that Apple will post 11.17 EPS for the current year.

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.

Analyst Recommendations for Apple (NASDAQ:AAPL)

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