Apple (NASDAQ:AAPL)‘s stock had its “outperform” rating reaffirmed by research analysts at FBR Capital Markets in a report released on Wednesday, AnalystRatings.Net reports. They currently have a $500.00 price objective on the stock. FBR Capital Markets’ target price points to a potential upside of 13.50% from the company’s current price.
A number of other analysts have also recently weighed in on AAPL. Analysts at BMO Capital Markets upgraded shares of Apple from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $450.00 price target on the stock, down previously from $480.00. They noted that the move was a valuation call. Separately, analysts at Credit Suisse raised their price target on shares of Apple from $50.00 to $525.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Jefferies Group raised their EPS on shares of Apple in a research note to investors on Wednesday. They now have a “hold” rating on the stock.
Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, forty-four have given a buy rating and three have given a strong buy rating to the company. Apple presently has a consensus rating of “Buy” and a consensus price target of $536.86.
Shares of Apple (NASDAQ: AAPL) opened at 440.51 on Wednesday. Apple has a 52 week low of $385.10 and a 52 week high of $705.07. The stock’s 50-day moving average is currently $423.4. The company has a market cap of $413.5 billion and a P/E ratio of 10.51.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $7.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $7.28 by $0.19. The company had revenue of $35.32 billion for the quarter, compared to the consensus estimate of $35.01 billion. During the same quarter in the prior year, the company posted $9.32 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts predict that Apple will post $39.31 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 15th. Investors of record on Monday, August 12th will be paid a dividend of $3.05 per share. This represents a $12.20 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Thursday, August 8th.
Apple Inc (NASDAQ: AAPL) 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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