Apple Inc. (NASDAQ:AAPL)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity in a research note issued on Saturday. They currently have a $140.00 price target on the iPhone maker’s stock. Canaccord Genuity’s price target suggests a potential upside of 22.74% from the company’s current price.

A number of other brokerages also recently issued reports on AAPL. Citigroup Inc. reiterated a “buy” rating and issued a $115.00 price target on shares of Apple in a report on Wednesday, July 6th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $153.00 price target on shares of Apple in a report on Tuesday, July 26th. Cowen and Company reiterated an “outperform” rating and issued a $125.00 price target on shares of Apple in a report on Thursday, July 28th. BMO Capital Markets reiterated an “outperform” rating and issued a $140.00 price target (up previously from $116.00) on shares of Apple in a report on Monday, September 19th. Finally, BTIG Research increased their price target on shares of Apple from $124.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, September 15th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, forty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. Apple currently has an average rating of “Buy” and an average price target of $126.13.

Analyst Recommendations for Apple (NASDAQ:AAPL)

Apple (NASDAQ:AAPL) opened at 114.06 on Friday. Apple has a 52 week low of $89.47 and a 52 week high of $123.82. The stock has a market capitalization of $614.61 billion, a P/E ratio of 13.30 and a beta of 1.22. The firm’s 50-day moving average is $110.36 and its 200-day moving average is $103.24.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, July 26th. The iPhone maker reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.04. The company earned $42.36 billion during the quarter, compared to the consensus estimate of $42.35 billion. Apple had a net margin of 21.70% and a return on equity of 37.89%. Apple’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.85 EPS. On average, equities research analysts predict that Apple will post $8.26 EPS for the current fiscal year.

In related news, COO Jeffrey E. Williams sold 43,769 shares of the firm’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $112.59, for a total value of $4,927,951.71. Following the transaction, the chief operating officer now owns 90,657 shares in the company, valued at $10,207,071.63. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Angela J. Ahrendts sold 25,000 shares of the firm’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $100.00, for a total value of $2,500,000.00. Following the completion of the transaction, the senior vice president now owns 105,839 shares in the company, valued at approximately $10,583,900. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of AAPL. Capital Impact Advisors LLC raised its position in Apple by 4.6% in the first quarter. Capital Impact Advisors LLC now owns 15,939 shares of the iPhone maker’s stock valued at $1,737,000 after buying an additional 698 shares during the last quarter. Bath Savings Trust Co raised its position in Apple by 2.2% in the first quarter. Bath Savings Trust Co now owns 124,127 shares of the iPhone maker’s stock valued at $13,529,000 after buying an additional 2,643 shares during the last quarter. Moon Capital Management LLC raised its position in Apple by 1,009.2% in the first quarter. Moon Capital Management LLC now owns 24,202 shares of the iPhone maker’s stock valued at $2,638,000 after buying an additional 22,020 shares during the last quarter. Heritage Investors Management Corp raised its position in Apple by 1.5% in the first quarter. Heritage Investors Management Corp now owns 353,510 shares of the iPhone maker’s stock valued at $38,529,000 after buying an additional 5,324 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in Apple by 26.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 45,317 shares of the iPhone maker’s stock valued at $4,939,000 after buying an additional 9,533 shares during the last quarter. Institutional investors and hedge funds own 56.46% of the company’s stock.

Apple Company Profile

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. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

5 Day Chart for NASDAQ:AAPL

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