Apple (AAPL) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 155 from a previous price target of $140 . RBC Capital Mkts advised their Clients and Investors in a research report released on Mar 15, 2017.
Based on several research reports , Company shares were Reiterated by RBC Capital Mkts on Mar 15, 2017 to “Outperform”, Firm has raised the Price Target to $ 155 from a previous price target of $140 .Company shares were Reiterated by Guggenheim on Feb 28, 2017 to “Buy”, Firm has raised the Price Target to $ 180 from a previous price target of $150 .Company shares were Reiterated by Mizuho on Feb 27, 2017 to “Buy”, Firm has raised the Price Target to $ 150 from a previous price target of $135 .Company shares were Reiterated by Morgan Stanley on Feb 21, 2017 to “Overweight”, Firm has raised the Price Target to $ 154 from a previous price target of $150 .Company shares were Reiterated by Goldman on Feb 13, 2017 to “Buy”, Firm has raised the Price Target to $ 150 from a previous price target of $133 .
Several company insiders have filed Insider transactions , on Feb 24, 2017, Albert Jr Gore (director) sold 215,437 shares at $136.72 per share price. According to the SEC, on Feb 22, 2017, Johny Srouji (Senior Vice President) sold 13,207 shares at $136.25 per share price. On Feb 17, 2017, Craig Federighi (Senior Vice President) sold 70,627 shares at $135.30 per share price, according to the Form-4 filing with the securities and exchange commission.
On the company’s financial health, Apple reported $3.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jan 31, 2017. Analyst had a consensus of $3.22. The company had revenue of $78351.00 million for the quarter, compared to analysts expectations of $77258.90 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.28 EPS.
Apple opened for trading at $139.41 and hit $140.7501 on the upside on Wednesday, eventually ending the session at $140.46, with a gain of 1.06% or 1.47 points. The heightened volatility saw the trading volume jump to 2,56,91,774 shares. Company has a market cap of $736,929 M.
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. The Company distributes its products worldwide through its retail stores online stores and direct sales force as well as through third-party cellular network carriers wholesalers retailers and value-added resellers. In February 2012 the Company acquired app-search engine Chomp.