Apple Inc. (NASDAQ:AAPL) fell -2.25% during previous trade. Stifel issued rating on the stock of Apple Inc. (NASDAQ:AAPL) in a research note issued to investors on Oct-26-16, the stock received “Downgrade” rating from Buy to Hold from $130 to $115. Additionally Cowen issued their verdict on the stock of the company, on record date of Oct-21-16 the stock was “Reiterated” as Outperform from $125 to $135 besides that on Oct-18-16 Apple Inc. (NASDAQ:AAPL) was “Reiterated” by Stifel as Buy from $120 to $130. Furthermore on Oct-18-16 the stock was “Reiterated” by Deutsche Bank as Hold from $105 to $108.
Apple Inc. (NASDAQ:AAPL) shares ended last trading session at the price of $115.59 whereas a number of traders indicating mean target price will hit $130.54 over the next twelve months, mean value of price target most recently revised on 10/24/16. Apple Inc. (NASDAQ:AAPL)’s highest estimates of price target are $185.00 and low forecast is $85.00 based on the opinion of 43 analysts. The price target estimates represents a standard deviation of 18.17. However brokerage recommendations suggests an ABR of 1.58 based on calls of 33 experts, where 24 brokers polls the stock a Strong Buy, 3 suggest the stock a Buy, 4 suggest Hold, 0 are rating the stock as Sell while 2 as Strong Sell.
Apple Inc. (NASDAQ:AAPL) is expected to release the earnings of its current quarter on 1/24/17. The company is expected to release $3.23 EPS for current quarter according to 37 analysts whereas the company reported $3.28 EPS during same quarter a year ago. For the current quarter the stock has a lowest EPS estimates of $3.11 and high estimate of $3.77. For the current year Apple Inc. (NASDAQ:AAPL) has set to release EPS of $9.04 as per the sentiments of 47 analysts, however according to 33 analysts, the company expected to release $10.08 EPS for next year.
Apple Inc. (NASDAQ:AAPL)’s average revenue estimates for the current quarter are $77.55B according to 35 number of analysts. However its lowest revenue estimates are $75.98B and highest revenue estimates are $86.73B. A year ago the company’s sales were $75.87B. Its yearly sales growth estimates are 2.20%. For the next quarter the company has anticipated average revenues of $54.95B, according to the sentiments of 34 analysts. For the current year the company has fixed $228.99B revenues, as per the opinion of 44 analysts. For the current year the company has low revenue estimates of $214.1B in contradiction of high revenue estimates of $246.48B. Whereas for the next year revenues are set at $243.41B by 30 analysts.
The stock exchanged hands 65,801,400 shares versus average trading capacity of 36.09M shares, while its shares’ total market worth is $626.03B along with 5.39B outstanding shares. Apple Inc. (NASDAQ:AAPL) shares were trading -4.65% below from the 52-week high price mark of $121.23 and +29.89% above from the 52-week price bottom of $88.99. However the company observed 52 week high price on 11/04/15 and witnessed 52 week low price on 05/12/16. The company’s price sits 3.27% above from its 50-day moving average of $113.72 and 13.02% far from the stock’s 200-day moving average which is $104.04. Apple Inc. (NASDAQ:AAPL)’s price to sales ratio for trailing twelve month stands at 2.84, whereas its price to book ratio for most recent quarter sits at 4.97. However the company’s price to cash per share for most recent quarter stands at 10.13. Its price to free cash flow for trailing twelve months is 16.46.