Apple Inc. (NASDAQ:AAPL)‘s stock had its “buy” rating reissued by stock analysts at Loop Capital in a note issued to investors on Saturday. They currently have a $180.00 price target on the iPhone maker’s stock. Loop Capital’s price target suggests a potential upside of 12.58% from the stock’s previous close.

Several other research firms also recently commented on AAPL. Barclays PLC restated a “hold” rating and set a $146.00 price objective on shares of Apple in a report on Monday, September 4th. Piper Jaffray Companies restated an “overweight” rating and set a $190.00 price objective on shares of Apple in a report on Tuesday, September 5th. Robert W. Baird restated a “buy” rating and set a $172.00 price objective on shares of Apple in a report on Tuesday, September 5th. Royal Bank Of Canada boosted their price objective on Apple from $176.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, September 1st. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $175.00 price objective on shares of Apple in a report on Wednesday, September 6th. Eleven research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $187.63.

Apple (NASDAQ AAPL) opened at 159.88 on Friday. Apple has a 12 month low of $104.08 and a 12 month high of $164.94. The firm has a market capitalization of $825.82 billion, a price-to-earnings ratio of 18.15 and a beta of 1.27. The company has a 50 day moving average price of $158.97 and a 200 day moving average price of $149.42.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.10. The business had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.42 earnings per share. Analysts anticipate that Apple will post $9.01 earnings per share for the current fiscal year.

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In other Apple news, insider Daniel J. Riccio sold 11,949 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $142.86, for a total transaction of $1,707,034.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arthur D. Levinson sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $157.58, for a total value of $5,515,300.00. Following the transaction, the director now owns 1,168,283 shares of the company’s stock, valued at approximately $184,098,035.14. The disclosure for this sale can be found here. Insiders have sold 432,930 shares of company stock valued at $69,008,577 in the last 90 days. Company insiders own 0.08% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Stone House Investment Management LLC boosted its position in shares of Apple by 0.4% during the second quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock valued at $226,000 after buying an additional 6 shares during the period. FC Advisory LLC boosted its position in shares of Apple by 0.4% during the second quarter. FC Advisory LLC now owns 2,576 shares of the iPhone maker’s stock valued at $371,000 after buying an additional 10 shares during the period. Jackson Grant Investment Advisers Inc. boosted its position in shares of Apple by 0.3% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock valued at $782,000 after buying an additional 17 shares during the period. Stonehearth Capital Management LLC boosted its position in shares of Apple by 0.8% during the first quarter. Stonehearth Capital Management LLC now owns 2,378 shares of the iPhone maker’s stock valued at $342,000 after buying an additional 20 shares during the period. Finally, Lenox Wealth Advisors Inc. boosted its position in shares of Apple by 0.4% during the second quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock valued at $716,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 60.45% of the company’s stock.

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.

Analyst Recommendations for Apple (NASDAQ:AAPL)

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