RBC Capital announced Apple (NASDAQ:AAPL), upping its stock price target to $125.00 today
- Updated: September 21, 2016
In a report released on 09/22/2016 RBC Capital increased the stock price target of Apple (NASDAQ:AAPL) from $120.00 to $125.00 reporting a potential upside of 0.10%.
On 9/20/2016, UBS Securities reported about Apple (NASDAQ:AAPL) raised the target price from $115.00 to $127.00 that suggested an upside of 0.12%.
Displaying a price of $113.55, Apple (NASDAQ:AAPL) traded -0.02% lower on the day. The last stock price is up 10.90% from the 200-day moving average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day average of $108.61 and a two hundred day average of $102.39. Volume of trade was down over the average, with 36,006,356 shares of AAPL changing hands under the typical 36,527,200
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Apple has a 52 week low of $89.47 and a one year high of $123.82 with a PE ratio of 13.24 Apple’s market capitalization is presently $0.
A total of 36 analysts have released a ratings update on AAPL. 17 brokers rating the stock a strong buy, twenty-two brokerages rating the company a buy, eight equity analysts rating the company a hold, zero analysts rating the company a underperform, and finally 0 firms rating the stock a sell with a one year target of $124.23.
Brief Synopsis About Apple (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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