Apple Inc. (NASDAQ:AAPL), with -0.28% losses in previous 5 sessions, is under coverage of 47 analysts who collectively assign a buy rating on stock. 39 of the brokerages firms have a buy or better rating; the 1 sells versus 0 underperforms. The 43 stock analysts who cover the stock have an average PT at $131.96, with individual targets in the range of $85 to $185. The shares ended last trade at $116.73, implying that Wall Street analysts see shares climbing about 13.05 per cent in 12 months’ time.
Insider Trading News: Insiders at the company look pessimistic about the outlook as they seem to offload shares while they have 13.36 jumped so far this year. A Senior Vice President, CFO at Apple Inc. (AAPL) sold shares in a trading activity completed on Wednesday December 28, 2016. Maestri Luca offloaded 2,300 shares in the company at a per-share price of $117.67 and ended up generating $270,640 in proceeds. Maestri Luca retains 4,432 shares in the stock after this transaction. A Senior Vice President in the company, Riccio Daniel J., on Thursday December 15, 2016 collected $1,270,040 from the sale of 10,942 shares at a per-share price of $117.67. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.
Apple Inc. (NASDAQ:AAPL) Earnings on Tap
Investors interested in trading AAPL stock at the current market price of $116.73/share should know the company will next release quarterly results for the December 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver $3.23 in earnings per share (EPS). That would represent a -1.52 per cent year-over-year decrease. Revenue for the same quarter is predicted to arrive at $77.4B.
Historical Quarterly Earnings: Last quarter, Apple Inc. generated nearly $46.85B in sales and net income of $1.67/share. That compares with the mean forecast $46.94B and $1.66/share, respectively. For the prior quarter revenue for the stock hit $42.36B, with EPS at $1.42.
Apple Inc. (AAPL) Analyst Rating News
Hilliard Lyons is following shares of Apple Inc. (AAPL), so its rating change is noteworthy. The company stock was downgraded to Long-term Buy from Buy, wrote analysts at Hilliard Lyons, in a research note issued to clients on Thursday October 27, 2016. There was another key research note provided by Stifel on Wednesday October 26, 2016. The firm lowered its rating on AAPL from Buy to Hold.
Price Potential: Even though the stock has posted -0.03% fall in value, its new closing price reflects a -1.15% fall in value from company’s one year high of $118.69. The stock is currently holding above its 50-day SMA of $112.48 and above its 200-day SMA of $108.15. Over the last 3 months and over the last 6 months, the shares of Apple Inc. (AAPL), have changed 4.59% and 23.39%, respectively.
Apple Inc. (NASDAQ:AAPL) on November 15, 2016 announced the release of a new hardbound book chronicling 20 years of Apple’s design, expressed through 450 photographs of past and current Apple products. Designed by Apple in California, which covers products from 1998’s iMac® to 2015’s Apple Pencil®, also documents the materials and techniques used by Apple’s design team over two decades of innovation. The book is dedicated to the memory of Steve Jobs.
The products in this book are the result of a profoundly close collaboration between many different groups. Shot by photographer Andrew Zuckerman in a deliberately spare style, the book’s 450 images illustrate Apple’s design process as well as its finished products.