Trading Report: The Apple (AAPL) – Investment Analysts’ Recent Ratings Changes

The Apple (AAPL) – Investment Analysts’ Recent Ratings Changes

Apple (NASDAQ: AAPL) has recently received a number of price target changes and ratings updates:

Apple Inc. (NASDAQ:AAPL) traded down 0.279% during midday trading on Monday, hitting $117.302. The stock had a trading volume of 8,330,254 shares. Apple Inc. has a 1-year low of $89.47 and a 1-year high of $123.82. The firm has a market capitalization of $632.08 billion, a price-to-earnings ratio of 13.678 and a beta of 1.22. The firm has a 50-day moving average price of $111.56 and a 200-day moving average price of $103.65.

Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.04. The firm had revenue of $42.36 billion for the quarter, compared to analysts’ expectations of $42.35 billion. Apple had a return on equity of 37.89% and a net margin of 21.70%. The business’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.85 EPS. On average, equities research analysts anticipate that Apple Inc. will post $8.26 earnings per share for the current year.

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