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Equities research analysts at Canaccord Genuity raised their price target on shares of Apple, Inc (NASDAQ: AAPL) from $515.00 to $545.00 in a research issued note to investors on Tuesday. They currently have a “buy” rating on the company’s shares.
Separately, analysts at Scotia Capital reiterated a “sector perform” rating on shares of Apple, Inc in a research note to investors on Monday, August 29th. Also, analysts at Bank of America Merrill Lynch reiterated a “buy” rating on shares of Apple, Inc in a research note to investors on Monday, August 29th.
Shares of Apple, Inc traded down 1.09% during mid-day trading on Wednesday, hitting $369.96. Apple, Inc has a 52 week low of $254.50 and a 52 week high of $404.50. The stock’s 50-day moving average is $379.4 and its 200-day moving average is $352.0. The company has a market cap of $343.0 billion and a price-to-earnings ratio of 14.80.
Apple, Inc last announced its quarterly results on Tuesday, July 19th. The company reported $7.79 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $5.84 EPS by $1.95. The company’s quarterly revenue was up 82.0% on a year-over-year basis. On average, analysts predict that Apple, Inc will post $8.65 EPS next quarter.
Apple Inc. (Apple) designs, manufactures and markets a range of personal computers, mobile communication and media devices, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications. It’s products and services include Macintosh (Mac) computers, iPhone, iPad, iPod, Apple TV, Xserve, a portfolio of consumer and professional software applications, the Mac OS X and iOS operating systems, third-party digital content and applications through the iTunes Store, and a range of accessory, service and support offerings. The Company sells its products globally through its retail stores, online stores, and direct sales force and third-party cellular network carriers, wholesalers, retailers, and value-added resellers. As of September 25, 2010, the Company had opened a total of 317 retail stores, including 233 stores in the United States and 84 stores internationally.
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