JPMorgan Chase & Co. Analysts Give Apple (AAPL) a $228.00 Price Target
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.
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
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