Analyst Reaffirms Outperform Rating on Apple (AAPL)
Shares of Apple traded down 1.50% during mid-day trading on Friday, hitting $558.20. Apple has a 52 week low of $310.50 and a 52 week high of $644.00. The company has a market cap of $522.0 billion and a P/E ratio of 13.81.
A number of other analysts have also recently weighed in on AAPL. Analysts at Hilliard Lyons raised their price target on shares of Apple from $660.00 to $740.00 in a research note to investors on Thursday, April 26th. They now have a “buy” rating on the stock. Separately, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Apple to $750.00 in a research note to investors on Wednesday, April 25th. Finally, analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Apple to $650.00 in a research note to investors on Wednesday, April 25th. They now have a “buy” rating on the stock.
Apple Inc. (Apple), along with its subsidiaries is engaged in designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications.