Apple Rating Reiterated by RBC Capital (AAPL)

Apple (NASDAQ:AAPL)‘s stock had its “outperform” rating restated by investment analysts at RBC Capital in a note issued to investors on Thursday, American Banking & Market News reports. They currently have a $525.00 target price on the stock. RBC Capital’s price target would indicate a potential upside of 5.44% from the company’s current price.

AAPL has been the subject of a number of other recent research reports. Analysts at ABG Sundal Collier reiterated a “hold” rating on shares of Apple in a research note to investors on Wednesday. Separately, analysts at ISI Group reiterated a “strong-buy” rating on shares of Apple in a research note to investors on Tuesday. Finally, analysts at Needham & Company cut their price target on shares of Apple from $710.00 to $595.00 in a research note to investors on Monday. They now have a “buy” rating on the stock.

One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, forty-three have assigned a buy rating and three have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $541.00.

Apple (NASDAQ:AAPL) traded up 0.50% during mid-day trading on Thursday, hitting $500.383. The stock had a trading volume of 7,888,751 shares. Apple has a 1-year low of $385.10 and a 1-year high of $705.07. The stock has a 50-day moving average of $440.5 and a 200-day moving average of $439.5. The company has a market cap of $454.6 billion and a price-to-earnings ratio of 12.41. Apple also was the target of some unusual options trading on Tuesday. Stock traders purchased 431,363 call options on the company. This represents an increase of approximately 1,341% compared to the average daily volume of 29,934 call options.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $7.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.28 by $0.19. The company had revenue of $35.32 billion for the quarter, compared to the consensus estimate of $35.01 billion. During the same quarter in the previous year, the company posted $9.32 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Analysts expect that Apple will post $39.09 EPS for the current fiscal year.

Apple Inc (NASDAQ:AAPL) 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.

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