Apple (NASDAQ:AAPL) Given a $150.00 Price Target by Credit Suisse Group Analysts

Apple (NASDAQ:AAPL) has been given a $150.00 price target by equities researchers at Credit Suisse Group in a research note issued to investors on Monday, Borsen Zeitung reports. Credit Suisse Group’s price target would suggest a potential upside of 1.27% from the stock’s current price.

Several other analysts have also recently commented on the stock. Fundamental Research lifted their target price on shares of Apple from $144.27 to $163.99 and gave the stock a “buy” rating in a research note on Tuesday, August 31st. Oppenheimer boosted their price objective on shares of Apple from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, July 28th. DZ Bank reissued a “buy” rating on shares of Apple in a research note on Tuesday, August 10th. Robert W. Baird raised shares of Apple to an “outperform” rating and boosted their price objective for the company from $160.00 to $170.00 in a research note on Wednesday, September 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Apple from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $160.88.

AAPL stock opened at $148.12 on Monday. The stock has a market capitalization of $2.45 trillion, a P/E ratio of 28.99, a PEG ratio of 2.10 and a beta of 1.20. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.01 and a current ratio of 1.06. Apple has a one year low of $103.10 and a one year high of $157.26. The company has a 50 day moving average price of $148.32 and a two-hundred day moving average price of $135.13.

Apple (NASDAQ:AAPL) last released its earnings results on Monday, July 26th. The iPhone maker reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.29. The firm had revenue of $81.40 billion during the quarter, compared to analysts’ expectations of $73.48 billion. Apple had a net margin of 25.00% and a return on equity of 131.01%. Apple’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 EPS. Research analysts forecast that Apple will post 5.59 earnings per share for the current fiscal year.

In other Apple news, CEO Timothy D. Cook sold 2,386,440 shares of the company’s stock in a transaction dated Wednesday, August 25th. The shares were sold at an average price of $148.58, for a total value of $354,577,255.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Deirdre O’brien sold 14,877 shares of the company’s stock in a transaction dated Friday, August 6th. The stock was sold at an average price of $145.99, for a total transaction of $2,171,893.23. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,418,317 shares of company stock valued at $359,229,278. Insiders own 0.06% of the company’s stock.

Several large investors have recently modified their holdings of the company. Beaumont Asset Management L.L.C. lifted its stake in shares of Apple by 3.3% in the 1st quarter. Beaumont Asset Management L.L.C. now owns 2,355 shares of the iPhone maker’s stock worth $287,000 after acquiring an additional 75 shares during the period. Milestone Resources Group Ltd lifted its stake in Apple by 57.7% during the second quarter. Milestone Resources Group Ltd now owns 216 shares of the iPhone maker’s stock valued at $30,000 after purchasing an additional 79 shares during the last quarter. Groesbeck Investment Management Corp NJ lifted its stake in Apple by 0.6% during the first quarter. Groesbeck Investment Management Corp NJ now owns 13,904 shares of the iPhone maker’s stock valued at $1,698,000 after purchasing an additional 80 shares during the last quarter. Prentiss Smith & Co. Inc. lifted its stake in Apple by 4.7% during the first quarter. Prentiss Smith & Co. Inc. now owns 1,800 shares of the iPhone maker’s stock valued at $220,000 after purchasing an additional 80 shares during the last quarter. Finally, Salzhauer Michael lifted its stake in Apple by 2.6% during the second quarter. Salzhauer Michael now owns 3,120 shares of the iPhone maker’s stock valued at $427,000 after purchasing an additional 80 shares during the last quarter. 56.38% of the stock is owned by institutional investors.

Apple Company Profile

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

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