Research analysts at Stifel Nicolaus cut their target price on shares of Apple (NASDAQ: AAPL)
Shares of Apple opened at 485.92 on Wednesday. Apple has a 52 week low of $419.55 and a 52 week high of $705.07. The stock?s 50-day moving average is currently $535.2. The company has a market cap of $457.1 billion and a P/E ratio of 11.01.
Apple last issued its quarterly earnings data on Thursday, October 25th. The company reported $8.67 earnings per share for the quarter, missing the analysts? consensus estimate of $8.75 by $0.08. Apple?s revenue was up 27.2% compared to the same quarter last year. Apple has set its Q1 guidance at ~$11.75 EPS. On average, analysts predict that Apple will post $48.67 earnings per share for the current fiscal year.
AAPL has been the subject of a number of other recent research reports. Analysts at Cowen reiterated an ?outperform? rating on shares of Apple in a research note to investors on Wednesday. Separately, analysts at Pacific Crest downgraded shares of Apple from an ?outperform? rating to a ?sector perform? rating in a research note to investors on Wednesday. Finally, analysts at Robert W. Baird reiterated an ?outperform? rating on shares of Apple in a research note to investors on Tuesday. They now have a $750.00 price target on the stock.
Forty-one analysts have rated the stock with a buy rating, five have issued an overweight rating, seven have given a hold rating, and one has issued a sell rating to the company?s stock. The company presently has an average rating of ?buy? and an average target price of $732.07.
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.