Apple (AAPL) Given a $175.00 Price Target at Nomura

Nomura set a $175.00 target price on Apple (NASDAQ:AAPL) in a report issued on Tuesday, December 19th, Marketbeat reports. The brokerage currently has a neutral rating on the iPhone maker’s stock.

Several other research firms have also commented on AAPL. Barclays reaffirmed a hold rating and set a $146.00 price target on shares of Apple in a research report on Monday, September 4th. Royal Bank of Canada reaffirmed an outperform rating and set a $180.00 price target on shares of Apple in a research report on Monday, September 11th. Morgan Stanley reaffirmed an overweight rating and set a $194.00 price target (up previously from $182.00) on shares of Apple in a research report on Tuesday, September 12th. Mizuho set a $160.00 price target on shares of Apple and gave the company a hold rating in a research report on Wednesday, October 18th. Finally, Vetr downgraded Apple from a buy rating to a hold rating and set a $178.34 price objective for the company. in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $198.94.

Apple (NASDAQ AAPL) opened at $177.09 on Tuesday. The company has a market cap of $909,240.00, a P/E ratio of 19.27, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. Apple has a one year low of $118.22 and a one year high of $177.36. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, topping the consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The firm had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. During the same period last year, the firm posted $1.50 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. sell-side analysts predict that Apple will post 11.18 EPS for the current fiscal year.

In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $172.35, for a total value of $2,695,726.35. Following the completion of the sale, the insider now owns 39,682 shares of the company’s stock, valued at $6,839,192.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Johny Srouji sold 10,368 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $174.68, for a total value of $1,811,082.24. Following the completion of the sale, the insider now directly owns 81,560 shares of the company’s stock, valued at approximately $14,246,900.80. The disclosure for this sale can be found here. In the last three months, insiders sold 128,412 shares of company stock valued at $22,115,155. Corporate insiders own 0.08% of the company’s stock.

Several large investors have recently made changes to their positions in AAPL. YHB Investment Advisors Inc. raised its position in Apple by 7.6% during the second quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock valued at $19,614,000 after acquiring an additional 9,663 shares in the last quarter. Lederer & Associates Investment Counsel CA raised its position in Apple by 2.1% during the second quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock valued at $5,377,000 after acquiring an additional 779 shares in the last quarter. Empirical Financial Services LLC raised its position in Apple by 23.9% during the second quarter. Empirical Financial Services LLC now owns 21,558 shares of the iPhone maker’s stock valued at $3,105,000 after acquiring an additional 4,154 shares in the last quarter. Carnick & Kubik Group LLC raised its position in Apple by 14.4% during the second quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock valued at $2,987,000 after acquiring an additional 2,612 shares in the last quarter. Finally, GenTrust LLC raised its position in Apple by 1,022.9% during the second quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock valued at $4,942,000 after acquiring an additional 31,259 shares in the last quarter. Hedge funds and other institutional investors own 60.17% of the company’s stock.

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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.

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