Apple Inc (NASDAQ:AAPL) shares traded 0.86% up during most recent session to reach at the closing price of $170.89. The stock exchanged hands 22.28 Million shares versus average trading capacity of 41.37 Million shares, yielding a market cap of $808.3 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $178.91 within the next 52-weeks. The mean target projections are based on 35 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Apple Inc (NASDAQ:AAPL) high price target of $245 and with a conservative view have low price target of $140.
Bank of America “Reiterates” Apple Inc (NASDAQ:AAPL) in a research note issued to investors on 1/30/19 to Neutral with price target of $180.
Additionally on 1/30/19 Citigroup “Reiterates” Apple Inc (NASDAQ:AAPL) to Buy setting price target at $170 and on 1/30/19 Morgan Stanley “Maintained” the stock to Overweight at $197. Furthermore on 1/30/19 BMO Capital “Maintained” the stock to Market Perform at $153.
On the other hand the company has Relative Strength Index (RSI 14) of 60.29 along with Average True Range (ATR 14) of 3.7, Consequently Apple Inc (NASDAQ:AAPL)’s weekly and monthly volatility is 1.39%, 2.02% respectively. The company’s beta value is at 1.11.
In terms of Buy, Sell or Hold recommendations, Apple Inc (NASDAQ:AAPL) has analysts’ mean recommendation of 2.2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Apple Inc (NASDAQ:AAPL)’s minimum EPS for the current quarter is at $2.15 and can go high up to $2.77. The consensus mean EPS for the current quarter is at $2.39 derived from a total of 31 estimates from the analysts who have weighed in on projected earnings. However the company reported $2.73 earnings per share for the same quarter during last year.
Previously Apple Inc (NASDAQ:AAPL) reported $4.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.17 by $0.01. The company posted an earnings surprise of 0.2%.
Apple Inc (NASDAQ:AAPL)’s revenue estimates for the current quarter are $57.53 Billion according to 29 number of analysts, for the current quarter the company has high revenue estimates of $59.98 Billion in contradiction of low revenue estimates of $55.13 Billion. For the current year the company’s revenue estimates are $255.32 Billion compared to low analyst estimates of $246.6 Billion and high estimates of $260.97 Billion according to 32 number of analysts.
Currently Apple Inc (NASDAQ:AAPL)’s shares owned by insiders are 0.07%, whereas shares owned by institutional owners are 61.6%. However the six-month change in the insider ownership was recorded -12.73%, as well as three-month change in the institutional ownership was recorded -0.15%.
Apple Inc (NASDAQ:AAPL)’s trailing twelve month revenues are $261.61 Billion, whereas its price to sales ratio for the same period is 3.09. Its book value per share for the most recent quarter is $24.89 while its price to book ratio for the same period is 6.87, as for as the company’s cash per share for the most recent quarter is $18.27, however its price to cash per share ratio for the same period is 9.35. The stock has 5 year expected PEG ratio of 1.1 whereas its trailing twelve month P/E ratio is 14.32.