Apple Inc. (NASDAQ:AAPL)‘s stock had its “outperform” rating reissued by equities researchers at RBC Capital Markets in a report released on Monday. They presently have a $125.00 price objective on the iPhone maker’s stock. RBC Capital Markets’ target price would indicate a potential upside of 9.59% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. Canaccord Genuity increased their price target on Apple from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, September 16th. Stifel Nicolaus reiterated a “buy” rating and set a $120.00 price target on shares of Apple in a research report on Friday, September 16th. Piper Jaffray Cos. upgraded Apple to an “overweight” rating and set a $151.00 price target on the stock in a research report on Friday, September 16th. Credit Agricole SA increased their price target on Apple from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, September 16th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $140.00 price target (up previously from $116.00) on shares of Apple in a research report on Monday, September 19th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, forty-one have issued 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 a consensus target price of $126.13.

Analyst Recommendations for Apple (NASDAQ:AAPL)

Shares of Apple (NASDAQ:AAPL) traded up 1.93% during trading on Monday, hitting $116.26. The stock had a trading volume of 20,265,070 shares. The firm’s 50-day moving average is $110.36 and its 200 day moving average is $103.24. The firm has a market cap of $626.46 billion, a price-to-earnings ratio of 13.56 and a beta of 1.22. Apple has a 52-week low of $89.47 and a 52-week high of $123.82.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. Apple had a return on equity of 37.89% and a net margin of 21.70%. The firm had revenue of $42.36 billion for the quarter, compared to the consensus estimate of $42.35 billion. During the same quarter in the prior year, the business earned $1.85 earnings per share. The company’s revenue was down 14.6% compared to the same quarter last year. On average, analysts expect that Apple will post $8.26 EPS for the current year.

In related news, CEO Timothy D. Cook sold 334,000 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $107.23, for a total transaction of $35,814,820.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 110,000 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $106.84, for a total transaction of $11,752,400.00. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.

Several large investors have recently bought and sold shares of the company. F&V Capital Management LLC boosted its position in shares of Apple by 1.1% in the first quarter. F&V Capital Management LLC now owns 9,330 shares of the iPhone maker’s stock worth $1,016,000 after buying an additional 100 shares in the last quarter. Tufton Capital Management boosted its position in shares of Apple by 22.9% in the first quarter. Tufton Capital Management now owns 6,158 shares of the iPhone maker’s stock worth $671,000 after buying an additional 1,148 shares in the last quarter. RNC Capital Management LLC boosted its position in shares of Apple by 7.2% in the first quarter. RNC Capital Management LLC now owns 105,764 shares of the iPhone maker’s stock worth $11,527,000 after buying an additional 7,110 shares in the last quarter. Osborn Rohs Williams & Donohoe Ltd boosted its position in shares of Apple by 0.6% in the first quarter. Osborn Rohs Williams & Donohoe Ltd now owns 99,607 shares of the iPhone maker’s stock worth $10,856,000 after buying an additional 572 shares in the last quarter. Finally, Osborne Partners Capital Management LLC boosted its position in shares of Apple by 2.6% in the first quarter. Osborne Partners Capital Management LLC now owns 153,358 shares of the iPhone maker’s stock worth $16,714,000 after buying an additional 3,830 shares in the last quarter. 56.46% of the stock is owned by institutional investors and hedge funds.

About Apple

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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