Latest Stocks: Apple Inc. (AAPL) Stock Rating Upgraded by ValuEngine

Latest Stocks: Apple Inc. (AAPL) Stock Rating Upgraded by ValuEngine

Apple Inc. (NASDAQ:AAPL) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Several other equities research analysts also recently issued reports on AAPL. Credit Suisse Group AG set a $170.00 price objective on Apple and gave the stock a “buy” rating in a report on Monday, May 29th. Longbow Research restated a “buy” rating on shares of Apple in a report on Thursday, June 1st. Sanford C. Bernstein set a $160.00 price objective on Apple and gave the stock a “buy” rating in a report on Monday, May 29th. Rosenblatt Securities restated a “neutral” rating and set a $120.00 price objective on shares of Apple in a report on Tuesday, May 30th. Finally, Morgan Stanley lifted their price objective on Apple from $150.00 to $154.00 and gave the stock an “overweight” rating in a report on Tuesday, February 21st. Eight analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $159.71.

Apple (NASDAQ:AAPL) opened at 153.93 on Friday. The firm has a market capitalization of $802.57 billion, a P/E ratio of 18.06 and a beta of 1.26. The company has a 50-day moving average price of $149.69 and a 200-day moving average price of $133.21. Apple has a one year low of $91.50 and a one year high of $156.65.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, May 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.08. Apple had a return on equity of 33.20% and a net margin of 20.85%. The company had revenue of $52.90 billion for the quarter, compared to the consensus estimate of $52.61 billion. On average, equities research analysts anticipate that Apple will post $8.94 EPS for the current year.

In related news, insider Philip W. Schiller sold 47,796 shares of the business’s stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $143.32, for a total value of $6,850,122.72. Following the completion of the sale, the insider now directly owns 94,010 shares in the company, valued at $13,473,513.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Luca Maestri sold 6,308 shares of the business’s stock in a transaction that occurred on Thursday, April 20th. The shares were sold at an average price of $141.83, for a total value of $894,663.64. Following the completion of the sale, the insider now owns 2,665 shares of the company’s stock, valued at $377,976.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 430,705 shares of company stock valued at $64,608,919. Corporate insiders own 0.08% of the company’s stock. Large investors have recently modified their holdings of the stock. American Beacon Advisors Inc. bought a new stake in shares of Apple during the first quarter valued at about $117,000. Glacier Peak Capital LLC bought a new stake in shares of Apple during the fourth quarter valued at about $127,000. TrimTabs Asset Management LLC boosted its stake in shares of Apple by 88.3% in the first quarter. TrimTabs Asset Management LLC now owns 921 shares of the iPhone maker’s stock valued at $132,000 after buying an additional 432 shares during the period. Welch Investments LLC bought a new stake in shares of Apple during the fourth quarter valued at about $146,000. Finally, Odey Holdings AG boosted its stake in shares of Apple by 27.3% in the fourth quarter. Odey Holdings AG now owns 1,273 shares of the iPhone maker’s stock valued at $147,000 after buying an additional 273 shares during the period. Institutional investors and hedge funds own 58.76% of the company’s stock.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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