Apple Inc (NASDAQ:AAPL) Rating Kept
They currently have a $150.00 target price per share on Apple Inc (NASDAQ:AAPL). RBC Capital Markets’s target would suggest a potential upside of 32.25% from the company’s stock close price. This was disclosed in a research report on Monday morning.
NASDAQ:AAPL is right now trading -1.13% lower at $113.41 as of 14:05 New York time. Apple Inc.’s stock is up 0.91% over the last 200 days. It has outperformed the S&P500, which has declined -6.24% over the same time period.
According to data compiled by Thomson Reuters, Apple Inc (NASDAQ:AAPL)’s stock is covered by 39 equity analysts across the Street, with 1 analysts giving it a Sell rating, 35 a Buy rating, while 11 consider it a Hold. The 12-month consensus target price for the stock is $145.77, which reflects an upside potential of 28.53% over the current price.
Institutional Ownership
American Asset Management Inc. had the largest stake with ownership of 7,252 shares as of Q2 2015 for 53.4% of the equity exposure. Nevsky Capital Llp is another quite bullish investment professional who is possessing 2.56M shares of Apple Inc. or 34.75% of their equity exposure. In addition, Summit Securities Group Llc have 28.14% of their equity exposure invested in the company for 459,400 shares. The New York-based fund Independent Investors Inc disclosed it had bought a stake worth about 24.49% of the investment professional’s stock portfolio in Apple Inc.. The California-based fund Guild Investment Management Inc. is also positive about the stock, possessing 431,777 shares or 21.51% of their equity exposure.
Insider Activity
Over the last six months, Apple Inc. NASDAQ:AAPL has seen 0 unique insider buys, and 12 insider selling transactions. The net result was for 12 transactions, worth $43.71M.
Apple Inc (NASDAQ:AAPL) Profile
Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store.
Apple Inc (NASDAQ:AAPL) traded down -1.13% on 28 September, hitting $113.41. A total of 31.39 million shares of the company’s stock traded hands. This is down from average of 64.49 million shares. Apple Inc. has a 52 week low of $92.00 and a 52 week high of $134.54. The company has a market cap of $655.43B and a P/E ratio of 13.1.
