Apple Inc. (NASDAQ:AAPL) got a price target lift on Monday from RBC Capital Markets, who had upped its 12-month price target to $157 from $155 on AAPL Shares and also reiterated an outperform rating. That new rating would impact Apple in good way, as it could increase Apple (AAPL)’s market capitalization to $824 billion from $740 billion currently. On April 4rth trading, Apple Inc. (NASDAQ:AAPL)’s stock hit a record high of $144.77
RBC analyst Amit Daryanani also increased his March-quarter iPhone estimates and fiscal 2017 revenue estimates, saying trends indicate consumer preference for Apple’s (AAPL) more expensive plus models, which have contributed positively to average selling prices. Apple Inc. (NASDAQ:AAPL) shares gained 0.55% to $141.83 on Monday. Apple Inc. (NASDAQ:AAPL)’s shares may have already soared more than 16% to fresh highs during the second quarter, but analysts are optimistic the stock has much more room to grow.
Technical Stock Analysis
Shares outstanding are recorded as 5246.54 billion and total shares floated are 5243.34 billion. Current ratio which is the relationship between current assets and current liabilities, indicating the liquidity of a business is calculated as 1.20. Company’s distance from 20 day simple moving average is -0.39% and distance from 50-Day simple moving average is 2.33%.
Best time to invest in stock market is when things are on odd side, and it’s not easy how to pick stocks. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. Stock has got OUTPERFORM rating from 23 analysts of Thomson Reuters, 9 analysts given HOLD rating to the stock and 1 given UNDERPERFORM rating. Analyst’s mean target price for AAPL is $147.61 while analysts mean recommendation is 2.00.
Apple Inc. (NASDAQ:AAPL) yearly performance is 31.84% and net profit margin is 20.70%. Annual EPS Growth of past 5 years is 16.00%. The current share price indicates that stock is -2.50% away from its one year high and is moving 60.89% ahead of its 52-week low.