Apple (NASDAQ:AAPL) has been given a $228.00 target price by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the iPhone maker’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 20.80% from the company’s previous close.

Several other equities research analysts also recently weighed in on AAPL. ValuEngine raised Apple from a “hold” rating to a “buy” rating in a report on Friday, March 15th. BTIG Research decreased their price target on Apple from $197.00 to $189.00 and set a “buy” rating for the company in a report on Wednesday, January 30th. Wedbush reaffirmed an “outperform” rating on shares of Apple in a report on Tuesday, March 12th. Maxim Group decreased their price target on Apple from $212.00 to $160.00 and set a “hold” rating for the company in a report on Thursday, January 3rd. They noted that the move was a valuation call. Finally, Nomura decreased their price target on Apple from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, twenty-one have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $197.27.

Shares of NASDAQ AAPL opened at $188.74 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.25. Apple has a 1-year low of $142.00 and a 1-year high of $233.47. The firm has a market cap of $939.04 billion, a P/E ratio of 15.85, a P/E/G ratio of 1.96 and a beta of 1.13.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, January 29th. The iPhone maker reported $4.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.17 by $0.01. Apple had a return on equity of 50.92% and a net margin of 22.72%. The firm had revenue of $84.31 billion during the quarter, compared to the consensus estimate of $84.07 billion. On average, sell-side analysts predict that Apple will post 11.38 earnings per share for the current fiscal year.

In other news, Director Arthur D. Levinson sold 1,521 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $167.71, for a total value of $255,086.91. Following the completion of the transaction, the director now owns 1,134,804 shares in the company, valued at $190,317,978.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.05% of the company’s stock.

Several hedge funds have recently made changes to their positions in AAPL. Semmax Financial Advisors Inc. purchased a new stake in Apple during the 4th quarter worth about $50,000. Portfolio Solutions LLC purchased a new stake in Apple during the 4th quarter worth about $76,000. Contravisory Investment Management Inc. increased its position in Apple by 30.6% during the 4th quarter. Contravisory Investment Management Inc. now owns 614 shares of the iPhone maker’s stock worth $97,000 after purchasing an additional 144 shares in the last quarter. Truehand Inc purchased a new stake in Apple during the 4th quarter worth about $108,000. Finally, INR Advisory Services LLC purchased a new stake in Apple in the 4th quarter valued at about $124,000. Institutional investors and hedge funds own 57.29% of the company’s stock.

Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

See Also: Return On Assets

Analyst Recommendations for Apple (NASDAQ:AAPL)

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