Analyst Activity - Drexel Hamilton Reiterates Buy on Apple (NASDAQ:AAPL)

The company, based in Cupertino, Calif., reported stronger than anticipated December-quarter results on January 31, but gave a cautious outlook for the current quarter. Finally, Asset Planning Services Ltd. increased its position in shares of Apple by 0.3% in the fourth quarter.

Analysts have placed a $137.103 one-year price target on Apple Inc.

More About Apple Inc.

Apple Inc. (AAPL) is in Barclays's research list so their analyst rating change is noteworthy. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, forty-two have issued a buy rating and two have assigned a strong buy rating to the company's stock. The High end of the Estimate is $635.98 Million, while the Low end of the Estimate is $484 Million. While for the next 5 years, the growth estimate is 9.25%.

Shares of Apple also hit an intraday record high on Tuesday for the first time in almost two years as investors anticipate a 10th anniversary iPhone is going to be a boon in otherwise lackluster sales. Its quick ratio for most recent quarter is 1.20 along with current ratio for most recent quarter of 1.20. The Company distributes its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. 34 Analysts think that the Price Target for Twitter, Inc. The Low Price target projection by analysts is $102 and the Mean Price Target is $139.19. Following the sale, the chief financial officer now directly owns 12,055 shares of the company's stock, valued at $1,326,411.65. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -2.99% where SMA50 and SMA200 are -5.34% and -6.05% respectively. Average true range (ATR-14) of the company sets at 1.58, along with its weekly and monthly volatility of 0.93%, 1.01% respectively.

14 analysts rated the stock of Apple Inc. (NASDAQ:AAPL). Out of rating recommendations 16 have given the stock a Buy while 23 recommend the stock as Outperform.

Apple Inc. (NASDAQ:AAPL), maintained return on investment for the last twelve months at 19.48, higher than what Reuters data shows regarding industry's average. The analysts believe that the company stock price could grow as high as $185. The company now has a Return on Equity (ROE) of 34.90% and a Return on Investment (ROI) of 20.60%.

The stock is now showing YTD performance of 14.57 Percent. The high end of the earnings forecast is $4.06 per share and low end is $3.34 per share. The High Revenue estimate is predicted as 54.16 Billion, while the Low Revenue Estimate prediction stands at 51.71 Billion.

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 stock is getting much attention these days as insiders are offloading shares while they posted a 15.58% rise year to date.

  • Carolyn Briggs