Analyst raises AAPL target price to $170 ahead of iPhone 8

Posted April 20, 2017

The company has a market cap of $740.02B. Relative Strength Index (RSI) was 49.34. RSI oscillates between zero and 100. Usually the RSI is considered overbought when above 70 and oversold when less than 30.

Apple (NASDAQ:AAPL) pays an annual dividend of $2.28 with a yield of 1.61% and an average dividend growth of 9.80% based on a 3 Year Average. (AAPL) is at 49.34. It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment.

But increasingly, the company and its investors want to make money by selling online services to Apple's existing base of iPhone users. It has ranged in price between $141.11-$142.04 after having started the session at $141.41 as compared to the previous trading day's close of $141.83.

Another critical number in evaluating a stock is P/E or the price to earnings ratio.

Analyst Amit Daryanani reiterated his Outperform rating on AAPL and lifted his price target to $157 from $155.

AAPL has been the subject of a number of other reports. Earnings per share serves as an indicator of a company's profitability. A month ago, they told us to expect earnings of US$1.62 per share while three months ago their EPS consensus estimate was US$1.66. The analysts offering Earnings Estimates for the company were believing that Apple Inc.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 2.09 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell. Canaccord Genuity upped their target price on Apple from $154.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, March 31st. It maintains its Outperform and raises its TP to $170 (from $160).

The company's expected revenue in the current quarter to be 52.92 Billion, seeing a projected current quarter growth of 6.3%, and per annum growth estimates over the next 5 year period of around 9.25%. There are advantages to using a moving average in your trading, as well options on what type of moving average to use.

A moving average can help cut down the amount of "noise" on a price chart.

On 2/22/2017 Johny Srouji, Insider, sold 13,207 with an average share price of $136.37 per share and the total transaction amounting to $1,801,038.59. Colorado Capital Management Inc. boosted its position in Apple by 0.5% in the third quarter. Apple's stock hit a record high of $144.77 on April 4. The stock stands almost -2.93% off versus the 52-week high and 60.18% away from the 52-week low. The Price to Sales (P/S) ratio of the stock is 3.17, while P/B (Price to Book) stands at 0.77.

Analysts' mean recommendation for Apple Inc.

In related news, insider Chris Kondo sold 2,649 shares of the business's stock in a transaction dated Thursday, February 2nd.

Just yesterday Apple Inc. (AAPL) in a note sent to investors on 24-Jan-17.

The TTM operating margin is 27.1%. Stifel also Downgrade the company to Hold on 26-Oct-16, 2016. Kelman Lazarov Inc. now owns 11,639 shares of the iPhone maker's stock valued at $1,315,000 after buying an additional 581 shares during the period.

During last 5 trades the stock sticks nearly -1.38%. A look on the firm performance, its weekly performance was -1.94%, monthly performance was -1.85%. The stock climbed 19.66 percent over the past quarter, while surged 22.39 percent over the past six months.