Barclays Capital covered Apple Inc. (NASDAQ:AAPL), bumping down its price target to $114.00 earlier today
- Updated: September 28, 2016
In a report released on 9/29/2016 Barclays Capital lowered the target price of Apple Inc. (NASDAQ:AAPL) from $115.00 to $114.00 stating a potential upside of 0.00%.
Previously on 09/22/2016, Nomura reported about Apple Inc. (NASDAQ:AAPL) raised the target price from $120.00 to $135.00. At the time, this indicated a possible upside of 0.19%.
Boasting a price of $113.95, Apple Inc. (NASDAQ:AAPL) traded 0.76% higher on the day. With the last close up 10.82% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day average of $109.49 and a two hundred day average of $102.82. Volume of trade was down over the average, with 29,646,723 shares of AAPL changing hands under the typical 35,687,300
Recent Performance Chart
Apple Inc. has 52 week low of $89.47 and a one year high of $123.82 with a price-earnings ratio of 13.29 and has a market cap of $0.
In addition to Barclays Capital reporting its target price, a total of 36 brokers have issued a report on the company. The average stock price target is $124.23 with seventeen brokerages rating the company a strong buy, twenty-two analysts rating the company a buy, eight brokers rating the stock a hold, 0 equity analysts rating the company a underperform, and lastly 0 firms rating the company a sell.
More About Apple Inc. (NASDAQ:AAPL)
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.
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