Royal Bank of Canada analysts recently set the price target of Apple at $171.00 in a report issued by the firm on Monday, February 8. The current rating consensus issued by equities’ analysts to AAPL stocks is ‘Buy’. This suggests a potential upside for the information security solutions company of about 25.04% since its last close.
Apple stocks traded at $136.76 this Monday. The company’ current market capitalization stands at $2.30 trillion. It has a positive PE ratio of 41.95 along with a beta of 1.28 at the moment. The 12-monthly high to low ranges from $145.09 to $53.15. The 50SMA (50 Days Simple Moving Average) stands at $132.39 and its 200SMA stands at $119.71.
Apple (NASDAQ: AAPL) Stock Analysis
The quarterly earnings report for the previous quarter was released on the 26th of January. The earnings stood at $1.68 EPS as opposed to the general consensus of $1.41 proposed by analysts at Thomson Reuters. The company’s return on equity stands at 75.15% along with the net margin of 20.91%. The estimated income for the firm was marked at $103.24 billion but it made $111.40 billion for the quarter. The FY2020 EPS might stand at 4.03 according to analysts.
NASDAQ: AAPL has recently been the subject of a lot of reports by research analysts. Some such as Goldman Sachs, Fundamental Research, Jefferies Financial Research, DA Davidson, Cowen and so on have posted reports on this company over the last few months.
Among those who have issued reports on this smartphone giant’s stock, two analysts have issued the rating of “sell”, eleven has issued a “hold” rating and a majority of twenty-seven has issued a “buy” rating.
The recent consensus on this company’s stocks stands at “Buy” rating with $132.61 as a consensus on the target price. Several hedge funds have also been involved in buying and selling of NASDAQ: AAPL shares recently.