Apple (NASDAQ: AAPL)‘s stock had its “outperform” rating reiterated by investment analysts at Credit Suisse in a note issued to investors on Friday. They currently have a $600.00 target price on the stock.
Shares of Apple opened at 441.40 on Friday. Apple has a one year low of $435.00 and a one year high of $705.07. The stock’s 50-day moving average is currently $469.0. The company has a market cap of $414.5 billion and a P/E ratio of 10.01.
Apple last released its earnings data on Wednesday, January 23rd. The company reported $13.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $13.55 by $0.26. The company had revenue of $54.51 billion for the quarter, compared to the consensus estimate of $54.73 billion. During the same quarter last year, the company posted $13.87 earnings per share. Apple’s revenue was up 17.7% compared to the same quarter last year. Analysts expect that Apple will post $44.70 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Apple in a research note to investors on Thursday. They now have a $700.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Apple in a research note to investors on Wednesday. They now have a $500.00 price target on the stock. Finally, analysts at Piper Jaffray reiterated an “overweight” rating on shares of Apple in a research note to investors on Tuesday.
Forty analysts have rated the stock with a buy rating, three have assigned an overweight rating, ten have assigned a hold rating, and one has assigned a sell rating to the company’s stock. The company has a consensus rating of “overweight” and an average price target of $619.14.
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.
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