Apple (NASDAQ:AAPL) Given a $184.00 Price Target at Credit Suisse Group

Apple (NASDAQ:AAPLGet Rating) received a $184.00 target price from investment analysts at Credit Suisse Group in a report released on Monday, Borsen Zeitung reports. Credit Suisse Group’s price objective points to a potential upside of 31.90% from the stock’s current price.

A number of other research firms have also commented on AAPL. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research note on Saturday. Evercore ISI upped their price target on shares of Apple from $185.00 to $190.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 20th. Robert W. Baird lowered their price target on shares of Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, October 28th. JPMorgan Chase & Co. set a $200.00 price objective on Apple in a report on Monday, October 31st. Finally, Citigroup lowered their target price on Apple from $185.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $176.26.

Apple Stock Up 0.4 %

AAPL opened at $139.50 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $2.22 trillion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 1.75 and a beta of 1.25. The business has a 50 day moving average of $148.45 and a 200-day moving average of $150.48. Apple has a 1-year low of $129.04 and a 1-year high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.02. The firm had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.24 earnings per share. As a group, sell-side analysts anticipate that Apple will post 6.34 earnings per share for the current year.

Insider Activity

In related news, CFO Luca Maestri sold 96,735 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total value of $16,923,788.25. Following the sale, the chief financial officer now owns 110,673 shares in the company, valued at approximately $19,362,241.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Apple news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the completion of the sale, the chief financial officer now directly owns 110,673 shares in the company, valued at $19,362,241.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Deirdre O’brien sold 8,053 shares of the company’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $142.45, for a total value of $1,147,149.85. Following the completion of the transaction, the senior vice president now directly owns 136,290 shares in the company, valued at approximately $19,414,510.50. The disclosure for this sale can be found here. Insiders sold a total of 457,386 shares of company stock valued at $70,627,433 in the last quarter. Company insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Robinson Value Management Ltd. acquired a new position in shares of Apple in the 3rd quarter valued at approximately $28,000. Hanseatic Management Services Inc. raised its position in Apple by 75.4% during the third quarter. Hanseatic Management Services Inc. now owns 249 shares of the iPhone maker’s stock valued at $34,000 after purchasing an additional 107 shares in the last quarter. Bluestem Financial Advisors LLC lifted its stake in Apple by 5,935.2% during the second quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock worth $35,000 after purchasing an additional 229,929 shares during the last quarter. CFS Investment Advisory Services LLC increased its stake in shares of Apple by 18,263.5% in the 1st quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock valued at $47,000 after purchasing an additional 7,416,445 shares during the last quarter. Finally, Spence Asset Management acquired a new position in shares of Apple during the 2nd quarter worth $49,000. 57.72% of the stock is owned by institutional investors.

About Apple

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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