Apple to be worth at least $824 bn in 2017

Paterniano Del Favero
Aprile 20, 2017

Rosenblatt Securities reaffirmed their neutral rating on shares of Apple Inc.

AAPL has been the subject of a number of other reports. Analyst's mean target price for MARA is $4.13 while analysts mean recommendation is 2.00.

Now the shares of Apple Inc.

Price targets show what analysts believes a stock will be worth at the end of a certain time period.

There are 1 sell rating, 9 hold ratings, 38 buy ratings, 1 strong buy rating on the stock.

Brief Synopsis On Apple Inc.

Apple's stock is now trading for around $141 with Credit Suisse previously projecting a target price of $160. Shares of Apple fell 0.2% to $141.55 in premarket trade.

Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Down in the future.

Apple Inc. has 52 week low of $89.47 and a 52 week high of $145.46 with a PE ratio of 16.95 and has a market capitalization of $0. (NASDAQ:AAPL) is planning its most extensive iPhone lineup to date. Trailing twelve month period, the firm has earnings per share (EPS) ratio of 2.92 and price-to-earnings (P/E) ratio was noted as 13.93 for same period. The business earned $78.35 billion during the quarter, compared to the consensus estimate of $77.37 billion. The company net profit margin is 14.50% and gross profit margin is 86.20%. The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $3.28 EPS. RBC analyst Amit Daryanani also increased his March-quarter iPhone estimates and fiscal 2017 revenue estimates.

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In other news, SVP D Bruce Sewell sold 75,000 shares of the firm's stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $135.30, for a total value of $9,555,833.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The shares were sold at an average price of $120.14, for a total value of $3,604,200.00. A month ago, analyst EPS consensus estimated earnings of US$2.02 per share. The disclosure for this sale can be found here. In the last three months, insiders have sold 477,586 shares of company stock valued at $62,207,258. Insiders own 0.08% of the company's stock.

A number of institutional investors have recently made changes to their positions in the company.

Feltz Wealth PLAN Inc. decreased its position in Apple Inc.

Apple Inc. (AAPL) now has a consensus Price Target of $151.67. Mcmillion Capital Management Inc. now owns 53,484 shares of the iPhone maker's stock worth $6,046,000 after buying an additional 543 shares during the period. Finally, National Pension Service boosted its position in Apple by 8.7% in the third quarter. VNBTrust National Association now owns 7,853 shares of the iPhone maker's stock worth $887,000 after buying an additional 746 shares during the last quarter.

On 10/27/2015 Apple announced a quarterly dividend of $0.52 1.73% with an ex dividend date of 11/5/2015 which will be payable on 11/12/2015. The brokerage now has a "buy" rating on the iPhone maker's stock. RGT Capital Management Ltd. bought a new position in Apple during the third quarter worth $1,631,000. Schafer Cullen Capital Management Inc. now owns 3,710 shares of the iPhone maker's stock worth $419,000 after buying an additional 35 shares in the last quarter. (AAPL) may be undervalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Apple Inc.

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