Credit Suisse Group Analysts Give Apple (NASDAQ:AAPL) a $184.00 Price Target

Apple (NASDAQ:AAPLGet Rating) has been given a $184.00 price objective by equities research analysts at Credit Suisse Group in a report released on Thursday, Borsen Zeitung reports. Credit Suisse Group’s price objective would suggest a potential upside of 21.80% from the stock’s previous close.

A number of other brokerages also recently weighed in on AAPL. DA Davidson lowered their price objective on shares of Apple from $185.00 to $167.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Evercore ISI boosted their price objective on shares of Apple from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Tuesday, September 20th. JPMorgan Chase & Co. set a $200.00 target price on shares of Apple in a research report on Monday. Rosenblatt Securities restated a “buy” rating and issued a $189.00 target price on shares of Apple in a research report on Tuesday, November 8th. Finally, StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a research report on Saturday, November 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $176.26.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $151.07 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95. Apple has a fifty-two week low of $129.04 and a fifty-two week high of $182.94. The firm has a 50-day simple moving average of $146.70 and a 200 day simple moving average of $149.66. The company has a market cap of $2.40 trillion, a PE ratio of 24.73, a P/E/G ratio of 1.89 and a beta of 1.25.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.02. Apple had a net margin of 25.31% and a return on equity of 160.90%. The business had revenue of $90.15 billion during the quarter, compared to the consensus estimate of $88.77 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Apple will post 6.26 EPS for the current year.

Insider Activity at Apple

In related news, insider Chris Kondo sold 20,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total value of $3,004,144.00. Following the completion of the sale, the insider now owns 31,505 shares in the company, valued at approximately $4,685,423.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Deirdre O’brien sold 176,299 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $142.16, for a total value of $25,062,665.84. Following the completion of the sale, the senior vice president now owns 136,290 shares in the company, valued at approximately $19,374,986.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 20,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the completion of the sale, the insider now owns 31,505 shares of the company’s stock, valued at approximately $4,685,423.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 380,851 shares of company stock worth $56,707,789. 0.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Apple

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Apple by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after buying an additional 8,734,393 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Apple by 2.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 237,910,783 shares of the iPhone maker’s stock worth $32,527,162,000 after buying an additional 4,831,418 shares in the last quarter. Legal & General Group Plc lifted its position in Apple by 8.2% in the 2nd quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock worth $16,889,649,000 after buying an additional 9,411,018 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Apple by 1.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock worth $14,097,970,000 after buying an additional 1,155,915 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in Apple by 12.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock worth $11,001,469,000 after buying an additional 8,716,964 shares in the last quarter. Hedge funds and other institutional investors own 57.72% of the company’s stock.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

Further Reading

Analyst Recommendations for Apple (NASDAQ:AAPL)

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