Breaking: Apple (NASDAQ:AAPL) “Buy” Rating Kept by Analysts at Canaccord Genuity Today; The Price Objective Given is $208.0000

May 18, 2018 - By Harriett Tippett

Apple Inc. (NASDAQ:AAPL) Logo

Investors sentiment increased to 0.73 in Q4 2017. Its up 0.03, from 0.7 in 2017Q3. It is positive, as 50 investors sold Apple Inc. shares while 1023 reduced holdings. 151 funds opened positions while 637 raised stakes. 2.98 billion shares or 0.18% more from 2.97 billion shares in 2017Q3 were reported.

Patten And Patten Tn invested in 338,419 shares or 5.73% of the stock. Thrivent Financial For Lutherans invested in 1.79% or 3.15M shares. Daiwa Grp Inc holds 292,158 shares. Conestoga Capital Advisors Ltd Limited Liability Company has 2,930 shares for 0.02% of their portfolio. Fisher Asset Limited Co reported 11.21M shares stake. Fcg Limited Liability accumulated 22,115 shares. Madison Holdings has 0.55% invested in Apple Inc. (NASDAQ:AAPL) for 191,143 shares. Colrain Cap accumulated 38,350 shares. Lakeview Cap Prtnrs Ltd Liability Corporation reported 28,414 shares. Pillar Pacific Cap Mgmt Lc holds 2.01% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 97,378 shares. Hgk Asset Mngmt stated it has 85,642 shares. Check Capital Mngmt Ca owns 10,332 shares or 0.1% of their US portfolio. Amica Mutual Insurance has invested 3.48% of its portfolio in Apple Inc. (NASDAQ:AAPL). 65,292 were accumulated by Zweig. Fincl Engines Advisors Ltd Co invested in 0% or 444 shares.

Since December 7, 2017, it had 0 buys, and 8 sales for $42.88 million activity. On Tuesday, May 8 the insider WILLIAMS JEFFREY E sold $2.90M. AHRENDTS ANGELA J sold $6.75 million worth of stock. 69,491 shares were sold by SCHILLER PHILIP W, worth $11.56M on Tuesday, April 3. Shares for $6.83M were sold by Maestri Luca on Thursday, April 12. $6.51M worth of Apple Inc. (NASDAQ:AAPL) was sold by LEVINSON ARTHUR D.

Apple (NASDAQ:AAPL) Rating Reaffirmed

Research analysts at Canaccord Genuity now has a $208.0000 target price on Apple (NASDAQ:AAPL). Canaccord Genuity and their recent target price would suggest a potential upside of 11.24 % from the company’s close price. The rating has been released in analysts report on Thursday morning.

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Among 36 analysts covering Apple (NASDAQ:AAPL), 20 have Buy rating, 0 Sell and 16 Hold. Therefore 56% are positive. Apple has $235 highest and $157 lowest target. $196.76’s average target is 5.22% above currents $186.99 stock price. Apple had 83 analyst reports since November 20, 2017 according to SRatingsIntel. UBS maintained it with “Buy” rating and $190.0 target in Monday, November 27 report. On Thursday, January 18 the stock rating was maintained by Guggenheim with “Buy”. Guggenheim maintained the stock with “Buy” rating in Friday, April 13 report. The firm earned “Buy” rating on Wednesday, March 7 by Rosenblatt. The firm has “Hold” rating by Gabelli given on Tuesday, April 3. The firm has “Buy” rating given on Wednesday, May 2 by Canaccord Genuity. RBC Capital Markets maintained the shares of AAPL in report on Friday, April 20 with “Buy” rating. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Friday, December 1 by Guggenheim. As per Wednesday, December 13, the company rating was maintained by Citigroup. Piper Jaffray maintained Apple Inc. (NASDAQ:AAPL) rating on Friday, January 12. Piper Jaffray has “Buy” rating and $200.0 target.

The stock decreased 0.63% or $1.19 during the last trading session, reaching $186.99. About 15.62M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since May 18, 2017 and is uptrending. It has outperformed by 7.94% the S&P500.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on August, 7. They expect $2.19 EPS, up 31.14 % or $0.52 from last year’s $1.67 per share. AAPL’s profit will be $10.76 billion for 21.35 P/E if the $2.19 EPS becomes a reality. After $2.73 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts -19.78 % negative EPS growth.

Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players to consumers, small and mid-sized businesses, and education, enterprise, and government clients worldwide. The company has market cap of $919.08 billion. The firm also sells related software, services, accessories, networking solutions, and third-party digital content and applications. It has a 18.09 P/E ratio. It offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Seekingalpha.com which released: “Apple: With Enemies Like These, Who Needs Friends?” on May 17, 2018, also Seekingalpha.com with their article: “Tim Cook comments on Trump meeting” published on May 15, 2018, Seekingalpha.com published: “Highlights from Appaloosa’s Q1” on May 15, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Seekingalpha.com and their article: “WaPo: Apple considers NoVa for new campus” published on May 16, 2018 as well as Livetradingnews.com‘s news article titled: “Apple Inc. (NASDAQ:AAPL) Technicals Indicate Stock Overbought” with publication date: May 16, 2018.

Apple Inc. (NASDAQ:AAPL) Institutional Positions Chart

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