Apple (AAPL) – Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Apple (NASDAQ: AAPL):

  • 10/14/2019 – Apple was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. They now have a $248.00 price target on the stock. According to Zacks, “Apple’s shares have outperformed the S&P 500 on a year-to-date basis. The company’s focus on strengthening the Services business and a strong slate of upcoming app releases, including its streaming service Apple TV+, are key catalysts. The company is also expected to benefit from the launch of latest iPhones, refreshed Macbook, iPad and Apple Watch product lines. Apple Arcade is likely to boost the company’s footprint in the video game space. Estimates have been stable lately ahead of the company’s Q4 earnings release. The company has positive record of earnings surprises in recent quarters. However, the ongoing U.S.-China trade war does not bode well for the company. Legal woes have increased due to a lawsuit from customers related to App Store charges. The company has also been accused of unfair practices by Spotify.”
  • 10/14/2019 – Apple was given a new $265.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 10/14/2019 – Apple was given a new $235.00 price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.
  • 10/11/2019 – Apple had its price target raised by analysts at Wedbush from $245.00 to $265.00. They now have an “outperform” rating on the stock.
  • 10/10/2019 – Apple was given a new $250.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 10/10/2019 – Apple was upgraded by analysts at Longbow Research from a “neutral” rating to a “buy” rating. They now have a $260.00 price target on the stock.
  • 10/9/2019 – Apple had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $260.00 price target on the stock, up previously from $240.00.
  • 10/8/2019 – Apple was given a new $243.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 10/7/2019 – Apple had its price target raised by analysts at Nomura from $185.00 to $205.00. They now have a “neutral” rating on the stock.
  • 10/7/2019 – Apple was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/4/2019 – Apple was given a new $209.00 price target on by analysts at Credit Suisse Group AG. They now have a “neutral” rating on the stock.
  • 10/2/2019 – Apple had its “outperform” rating reaffirmed by analysts at Wedbush.
  • 10/2/2019 – Apple was given a new $165.00 price target on by analysts at Goldman Sachs Group Inc. They now have a “neutral” rating on the stock.
  • 9/30/2019 – Apple was given a new $265.00 price target on by analysts at JPMorgan Chase & Co.. They now have an “overweight” rating on the stock.
  • 9/30/2019 – Apple had its “hold” rating reaffirmed by analysts at Longbow Research.
  • 9/27/2019 – Apple was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 9/26/2019 – Apple was given a new $190.00 price target on by analysts at HSBC Holdings plc. They now have a “sell” rating on the stock.
  • 9/26/2019 – Apple was given a new $235.00 price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.
  • 9/24/2019 – Apple was given a new $210.00 price target on by analysts at Deutsche Bank AG. They now have a “hold” rating on the stock.
  • 9/24/2019 – Apple was upgraded by analysts at Jefferies Financial Group Inc from a “hold” rating to a “buy” rating. They now have a $260.00 price target on the stock, up previously from $210.00.
  • 9/24/2019 – Apple had its “buy” rating reaffirmed by analysts at Wedbush. They now have a $245.00 price target on the stock.
  • 9/23/2019 – Apple was given a new $243.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 9/20/2019 – Apple was given a new $209.00 price target on by analysts at Credit Suisse Group AG. They now have a “neutral” rating on the stock.
  • 9/20/2019 – Apple had its price target raised by analysts at Cascend Securities from $260.00 to $270.00. They now have a “buy” rating on the stock.
  • 9/18/2019 – Apple was given a new $247.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 9/17/2019 – Apple had its “outperform” rating reaffirmed by analysts at Wedbush.
  • 9/15/2019 – Apple was given a new $245.00 price target on by analysts at Wedbush. They now have a “buy” rating on the stock.
  • 9/13/2019 – Apple was given a new $150.00 price target on by analysts at Rosenblatt Securities. They now have a “sell” rating on the stock.
  • 9/13/2019 – Apple had its price target lowered by analysts at Goldman Sachs Group Inc from $187.00 to $165.00. They now have a “neutral” rating on the stock.
  • 9/12/2019 – Apple was given a new $247.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 9/11/2019 – Apple had its price target raised by analysts at Needham & Company LLC from $225.00 to $250.00. They now have a “strong-buy” rating on the stock.
  • 9/11/2019 – Apple had its “neutral” rating reaffirmed by analysts at DZ Bank AG.
  • 9/11/2019 – Apple had its price target lowered by analysts at Maxim Group from $211.00 to $204.00. They now have a “hold” rating on the stock.
  • 9/11/2019 – Apple had its price target raised by analysts at Barclays PLC from $192.00 to $207.00. They now have an “equal weight” rating on the stock.
  • 9/11/2019 – Apple had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a $250.00 price target on the stock, up previously from $240.00.
  • 9/10/2019 – Apple was given a new $155.00 price target on by analysts at New Street Research. They now have a “sell” rating on the stock.
  • 9/10/2019 – Apple was given a new $210.00 price target on by analysts at Macquarie. They now have a “hold” rating on the stock.
  • 9/10/2019 – Apple had its “hold” rating reaffirmed by analysts at Longbow Research.
  • 9/10/2019 – Apple was given a new $243.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 9/9/2019 – Apple had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $245.00 price target on the stock.
  • 9/6/2019 – Apple was given a new $247.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 9/5/2019 – Apple was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/4/2019 – Apple was given a new $210.00 price target on by analysts at Deutsche Bank AG. They now have a “hold” rating on the stock.
  • 9/3/2019 – Apple was given a new $205.00 price target on by analysts at Sanford C. Bernstein. They now have a “hold” rating on the stock.
  • 8/26/2019 – Apple was given a new $243.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 8/23/2019 – Apple had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $245.00 price target on the stock.
  • 8/21/2019 – Apple was given a new $250.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.

Shares of NASDAQ AAPL opened at $235.32 on Wednesday. The stock has a fifty day simple moving average of $219.23 and a two-hundred day simple moving average of $203.60. Apple Inc. has a 1-year low of $142.00 and a 1-year high of $238.13. The firm has a market cap of $1,063.45 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 2.08 and a beta of 1.24. The company has a current ratio of 1.50, a quick ratio of 1.47 and a debt-to-equity ratio of 0.88.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.08. Apple had a return on equity of 52.13% and a net margin of 21.50%. The business had revenue of $53.81 billion during the quarter, compared to analyst estimates of $53.39 billion. During the same period in the prior year, the company earned $2.34 earnings per share. Apple’s revenue was up 1.0% compared to the same quarter last year. Analysts forecast that Apple Inc. will post 11.68 EPS for the current year.

In other Apple news, CFO Luca Maestri sold 61,659 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $228.38, for a total transaction of $14,081,682.42. Following the completion of the transaction, the chief financial officer now directly owns 85,507 shares of the company’s stock, valued at $19,528,088.66. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Timothy D. Cook sold 265,160 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $206.17, for a total value of $54,668,037.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 433,749 shares of company stock valued at $91,773,322. 0.05% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the business. First Financial Corp IN lifted its position in shares of Apple by 0.9% during the third quarter. First Financial Corp IN now owns 11,486 shares of the iPhone maker’s stock worth $2,572,000 after acquiring an additional 99 shares in the last quarter. Osher Van de Voorde Investment Management lifted its position in shares of Apple by 0.5% during the third quarter. Osher Van de Voorde Investment Management now owns 49,323 shares of the iPhone maker’s stock worth $11,047,000 after acquiring an additional 265 shares in the last quarter. Confluence Investment Management LLC lifted its position in shares of Apple by 5.8% during the third quarter. Confluence Investment Management LLC now owns 1,922 shares of the iPhone maker’s stock worth $431,000 after acquiring an additional 105 shares in the last quarter. PrairieView Partners LLC purchased a new stake in shares of Apple during the third quarter worth $2,089,000. Finally, Security National Bank lifted its position in shares of Apple by 0.4% during the third quarter. Security National Bank now owns 82,688 shares of the iPhone maker’s stock worth $18,520,000 after acquiring an additional 358 shares in the last quarter. Hedge funds and other institutional investors own 58.65% of the company’s stock.

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

Further Reading: S&P 500 Index

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