Barclays Downgrade its coverage for Apple Inc. (AAPL)

Cornelia Mascio
Marzo 28, 2017

The stock traded with the volume of 22.28 Million shares in the last trading session.

Apple Inc. (AAPL) has a market capitalization of 737.87 Billion.

The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that calculates the speed and change of price movements. For the current year Apple Inc. There may be various price targets for a stock. This is the price at which the trader or investor wants to exit his existing position so he can realize the most reward.

Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. Analyst's mean target price for SMCI is $33.83 while analysts mean recommendation is 2.10. Different analysts and financial institutions use various valuation methods and consider different economic forces when deciding on a price target. Apple Inc. (NASDAQ:AAPL)'s highest estimates of price target are $185 and low forecast is $102 based on the opinion of 42 analysts. (AAPL) is a good investment, however if the market is weaker then it could suggest that the shares are overvalued.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Apple Inc. the EPS stands at 3.36 for the previous quarter, while the analysts predicted the EPS of the stock to be 3.21, suggesting the stock exceeded the analysts' expectations. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. Thus the company showed an Earnings Surprise of 4.7 Percent.

The company reported an impressive total revenue of 215.64 Billion in the last fiscal year.

Apple Inc. (NASDAQ:AAPL)'s average revenue estimates for the current quarter are $52.88B according to 34 number of analysts. However the company's price to cash per share for most recent quarter stands at 12.17. It is the "top line" or "gross income" figure from which costs are subtracted to determine net income. The high and low revenue estimates for the current quarter are $89.68 Billion and $77.34 Billion, respectively.

A moving average (MA) is a trend-following or lagging indicator because it is based on past prices. Angled up and price is moving up (or was recently) overall, angled down and price is moving down overall, moving sideways and the price is likely in a range. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of 0.9%. The stock now shows its YTD (Year to Date) performance of 21.96 percent while its Weekly performance value is 0.46%.

Apple Inc. (AAPL) is now showing its ROA (Return on Assets) of 14.3%. The average stock price target is $124.23 with 17 brokers rating the stock a strong buy, 22 brokers rating the stock a buy, 8 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell. The current consensus recommendation provided by covering analysts is 2.00. (AAPL) may be undervalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Apple Inc. Needham issued rating on the stock of Apple Inc.

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