Credit Suisse Has Negative Earnings Outlook Update for Apple (AAPL)
Analysts at Credit Suisse (NYSE: CS) lowered their earnings per share (EPS) estimates on shares of Apple (NASDAQ: AAPL) in a research report issued to clients and investors on Friday. The firm currently has an “outperform” rating and a $750.00 price target on the company’s shares.
A number of other analysts have also recently weighed in on AAPL. Analysts at Analyst reiterated an “outperform” rating on shares of Apple in a research note to investors on Friday. Separately, 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. Finally, 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.
Shares of Apple traded down 0.70% during mid-day trading on Friday, hitting $562.7226. Apple has a one year low of $310.50 and a one year high of $644.00. The company has a market cap of $526.2 billion and a P/E ratio of 13.81.
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.