Apple (NASDAQ: AAPL) has acquired an upgraded price objective of $144 from $136 by Morgan Stanley analysts. This price target indicates a potential 12.61% upside from the existing price.
On Wednesday, Apple stock started from $127.88 with the market cap being $2.17T. The PEG, P/E, and beta are 2.65, 39.23, and 1.30. Their current, quick, and debt-to-equity quotient are 1.36, 1.33, and 1.51. Their 50-day rolling average stands at $117.97 while the 200-day rolling average is at $108.31.
According to the 3rd November report, the company had quarterly EPS earnings of $0.73, surpassing the $0.70 consensus estimate by $0.03. Their net margin was $20.91% with an equity return at 75.15%. Their quarterly revenue was $64.70B that surpassed the $63.33B estimate.
AAPL Stock Undertakings
Robert Baird increased the price objective of Apple stock to $133 from $109 and gave a rating of ‘outperform’. UBS Group assigned it $115 with a rating of ‘neutral’. Wedbush increased it to $160 from $150 and gave a rating of ‘outperform’. Wells Fargo & Co promoted the rating to ‘positive’. BNP Paribas increased it to $140 from $77 along with the rating being ‘outperform’ from ‘underperform’. Apple stock has the consensus ‘buy’ recommendation with a $114.76 price objective.
Deirdre O’Brien, SVP, made a sale of 31,200 APPL shares at $119.80 EPS worth $3,737,760. Katherine Adams, SVP, made a sale of 17,000 AAPL stock at $110.42 EPS worth $1,877,140. 0.05% of the stock is owned by insiders.
Nicola Management increased its holdings on AAPL stock by 285% in Q3, owning $8,917,000 worth of shares. Zeke Advisors raised their stake by 395.3% in Q3 that sums up to $2,506,000 while Ramsay Vela & Price lifted their position by 296.6% in Q3, owning $22,586,000 worth of shares. Swiss National Bank increased its stake by 290% in Q3, owning $7,840,232,000 worth of shares. Pinnacle Fin. Partners own $65,478,000 worth of shares. 59.65% of AAPL stock is owned by institutional investors.