Published by yourcollegebars on July 29, 2017

Apple Inc. (NASDAQ:AAPL) Given “Buy” Rating at Drexel Hamilton

Apple Inc. (NASDAQ:AAPL) Given “Buy” Rating at Drexel Hamilton

Stocks of Apple Inc. (NASDAQ: AAPL) have been reaffirmed by Drexel Hamilton shares researchers in a report released Thursday, July 6. They currently have a target price of $ 202.00 on the iPhone manufacturer’s stock. Drexel Hamilton’s target price would suggest a potential increase of 35.12% of the current stock price.

Several other analysts also recently commented on AAPL. UBS AG reaffirmed a “buy” rating and set a price target of $ 151.00 on Apple’s shares in a research note on Saturday, March 11th. Sanford C. Bernstein reaffirmed a rating of “outperform” and set a target price of $ 140.00 on Apple shares in a research note Saturday, March 11.

Instinet reissued a purchase note and issued a price target of $ 135.00 on Apple shares in a research note on Monday, March 13th. Credit Suisse Group set a price target of $ 160.00 on Apple’s shares and gave the stock a purchase note in a research note on Monday, March 13th.

Finally, the Royal Bank of Canada increased its price target on Apple shares to $ $ 140.00 to 155.00 and gave the stock a note “above note” in a research note Wednesday, March 15 .

Twelve research analysts rated the stock with a hold rating, forty-one have issued a buy note and one gave a strong buy rating on the company. The stock has an average rating of “Buy” and an average price target of $ 161.67.

The shares of Apple (NASDAQ AAPL) opened their doors at 149.50 Thursday. The Company’s 50-day moving average is $ 146.92 and its 200-day moving average is $ 141.83. Apple has a minimum of 52 weeks of $ 96.42 and a 52-week high of $ 156.65. The company has a market cap of $ 779.47 billion, a price / earnings ratio of 17.54 and a beta of 1.31.
Apple (NASDAQ: AAPL) released its quarterly earnings data on Tuesday, May 2. The iPhone maker declared $ 2.10 of EPS for the quarter, beating the consensus estimate of $ 2.02 of $ 0.08.

The company achieved sales of $ 52.90 billion in the quarter, compared to analyst expectations of $ 52.61 billion. Apple had a net margin of 20.74% and a return on equity of 35.09%. Analysts predict that Apple will post $ 8.87 of earnings per share for the current year.

Apple said its board of directors authorized a share repurchase program on Tuesday, May 2 that allows the company to redeem shares of $ 50.00 billion. This redemption authorization allows the iPhone manufacturer to buy up to 6.5% of its shares through purchases on the open market.

Share buyback programs are generally an indication that the board of directors of the company believes that its stock is undervalued.
In other news, insider Daniel J. Riccio sold 11,949 stock shares of the company in a transaction that took place on Thursday, July 6. 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 filing with the Securities & Exchange Commission, which is available via this hyperlink. In addition, insider Luca Maestri sold 4,757 shares of the company in a transaction that took place on Friday, June 2. The stock was sold at an average price of $ 154.70, for a total value of $ 735,907.90 ….

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