Apple (NASDAQ:AAPL) Given a $200.00 price target on JPMorgan Chase & Co.


Apple (NASDAQ: AAPLget rating) received a $200.00 price target from stock researchers at JPMorgan Chase & Co. In a note issued to investors on Friday, Borsen Zeitung reports. JPMorgan Chase & Co.The price target for indicates a 43.96% upside potential from the stock’s previous close.

AAPL has been the subject of several other reports. Credit Suisse Group set a $169.00 price target for Apple stock in a research report on Friday, April 29. Deutsche Bank Aktiengesellschaft lowered its price target on Apple shares from $200.00 to $175.00 in a research report Tuesday, June 14. Sanford C. Bernstein set a $170.00 price target for Apple stock in a research report on Monday, May 2. Bank of America lowered its price target on Apple stock from $215.00 to $200.00 and set a “buy” rating on the company in a research report on Thursday, May 19. Finally, Piper Sandler lowered her price target on Apple from $200.00 to $195.00 in a research note on Friday, April 29. Nine analysts rated the stock a hold rating, twenty-four assigned a buy rating, and one assigned a strong buy rating to the company’s shares. According to MarketBeat data, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $185.64.

Actions of AAPL shares opened at $138.93 on Friday. The firm has a debt-to-equity ratio of 1.53, a quick ratio of 0.88, and a current ratio of 0.93. The stock has a market capitalization of $2.25 trillion, a P/E ratio of 22.55, a price/earnings growth ratio of 1.86, and a beta of 1.20. The company has a 50-day moving average price of $145.41 and a 200-day moving average price of $160.94. Apple has a fifty-two week minimum of $129.04 and a fifty-two week maximum of $182.94.

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Apple (NASDAQ: AAPLget rating) last issued its quarterly earnings data on Thursday, April 28. The iPhone maker reported earnings per share of $1.52 for the quarter, beating the consensus estimate of $1.43 by $0.09. Apple had a net margin of 26.41% and a return on capital of 152.88%. The business had revenue of $97.28 billion during the quarter, compared to the consensus estimate of $93.99 billion. During the same quarter of the previous year, the company earned $1.40 EPS. The company’s revenue increased 8.6% compared to the same quarter last year. On average, research analysts forecast that Apple will post 6.11 EPS for the current fiscal year.

Apple stated that its board of directors initiated a share buyback program on Thursday, April 28, that allows the company to repurchase $90 billion worth of stock. This repurchase authorization allows the iPhone maker to repurchase up to 3.5% of its shares through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

In other news, SVP Deirdre O’brien sold 29,198 shares of the firm in a transaction that occurred on Monday, April 4. The share was sold at an average price of $177.77, for a total value of $5,190,528.46. Following the completion of the sale, the senior vice president now directly owns 136,290 shares of the company, valued at $24,228,273.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed via this link. Also Senior Vice President katherine l adams sold 25,000 shares of the capital stock of the firm in a transaction that occurred on Wednesday, May 4. The shares were sold at an average price of $161.72, for a total value of $4,043,000.00. Following the completion of the sale, the senior vice president now directly owns 452,334 shares of the company, valued at $73,151,454.48. Disclosure of this sale can be found here. During the last quarter, the experts sold 168,099 shares of the company valued at $29,376,711. 0.06% of the shares are owned by corporate insiders.

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Institutional investors and hedge funds have recently changed their holdings in the company. Joseph Group Capital Management took a new position in Apple stock in the fourth quarter valued at about $1,631,000. Cardinal Capital Management Inc. increased its share of Apple stock by 5,525.0% in the first quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker worth $39,000 after buying an additional 221 shares last quarter. Shore Point Advisors LLC purchased a new position in Apple stock in the fourth quarter worth approximately $41,000. St. James Investment Advisors LLC purchased a new position in Apple stock in the fourth quarter worth approximately $57,000. Finally, Econ Financial Services Corp purchased a new position in Apple in the fourth quarter valued at approximately $58,000. Institutional investors own 57.98% of the company’s shares.

About Apple (get rating)

Apple Inc designs, manufactures and markets smartphones, personal computers, tablets, wearable devices and accessories around the world. 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 multipurpose tablets; AirPods Max, a wireless over-ear headphone; and wearables, home and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod and iPod touch.

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