Apple (AAPL) has an average broker rating of 1.47, which is interpreted as a Strong Buy, as rated by 32 equity analysts. Nonetheless, 25 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Apple (AAPL) : Currently there are 26 street experts covering Apple (AAPL) stock. The most bullish and bearish price target for the stock is $168 and $85 respectively for the short term. The average price target of all the analysts comes to $122.89. The estimated standard deviation from the target is $15.82.
For the current week, the company shares have a recommendation consensus of Buy. Apple (NASDAQ:AAPL): The stock opened at $108.52 on Thursday but the bulls could not build on the opening and the stock topped out at $108.93 for the day. The stock traded down to $107.85 during the day, due to lack of any buying support eventually closed down at $107.93 with a loss of -0.06% for the day. The stock had closed at $108.00 on the previous day. The total traded volume was 27,484,506 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Principal Accounting Officer) of Apple Inc, Kondo Chris had sold 9,829 shares worth of $1,030,767 in a transaction dated August 2, 2016. In this transaction, 9,829 shares were sold at $104.87 per share.
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. The Companys products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store. The Company distributes its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. In February 2012, the Company acquired app-search engine Chomp.