Global Updates

Stock under Review: Apple Inc. (NASDAQ:AAPL)

Apple Inc. (NASDAQ:AAPL) received “Reiterated” rating by Stifel in a research note issued to investors on Apr-20-17 as Hold from $130 to $150.

Additionally on Apr-17-17 the stock was “Reiterated” by RBC Capital Mkts as Outperform from/at $155 to $157and on Mar-31-17 the stock was “Reiterated” by Canaccord Genuity as Buy from $154 to $165. Furthermore on Mar-24-17 the stock was “Downgraded” by Needham from Strong Buy to Buy from $150 to $165.

On the other hand the company has Relative Strength Index (RSI 14) of 49.14 along with Average True Range (ATR 14) of 1.43, Consequently Apple Inc. (NASDAQ:AAPL)’s weekly and monthly volatility is 0.85%, 1.13% respectively. The company’s beta value is at 1.17.

In terms of Buy, Sell or Hold recommendations, Apple Inc. (NASDAQ:AAPL) has an analyst’s mean recommendation of 2.00. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Apple Inc. (NASDAQ:AAPL) shares traded -0.37% during the most recent session. Wall Street analysts covering the stock are projecting that the stock will reach $148.30 within the next 52-weeks. The mean target projections are based on 41 opinions, the mean target was last revised on 04/17/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have high price target of $185.00 and with a conservative view have low price target of $104.00 with a standard deviation of $20.84. If seeing target price from optimistic overview then it has a 32 percent upside potential from the latest closing price of $140.68.

While considering growth estimates of the company, it has next quarter growth estimates of 14.10% whereas during current quarter it has 6.30% estimations over growth, comparing to the estimations of 7.80% during current year and 14.40% for next year. Past 5 years growth of Apple Inc. (NASDAQ:AAPL) observed at 9.68%, looking forward for the next 5 years it has a strong prediction of 9.25% over growth.

Apple Inc. (NASDAQ:AAPL)’s revenue estimates for the current quarter are $52.97B according to 34 number of analysts, for the current quarter the company has high revenue estimates of $54.64B in contradiction of low revenue estimates of $51.71B. For the current year the company’s revenue estimates are $228.6B compared to low analyst estimates of $221.46B and high estimates of $238.83B according 40 number of analysts.

Apple Inc. (NASDAQ:AAPL)’s trailing twelve month revenues are $218.12B, whereas its price to sales ratio for the same period is 3.38. Its book value per share for the most recent quarter is $24.99 while its price to book ratio for the same period is 5.63, as for as the company’s cash per share for the most recent quarter is $11.52, however its price to cash per share ratio for the same period is 12.21. The stock has a current PEG of 1.82 where as its P/E ratio is 16.84.

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