AAPL upgraded from neutral to outperform
March 4th, 2011 • by ABMN Staff
Separately, analysts at Zacks Investment Research upgraded shares of Apple, Inc from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, February 8th. They now have a $422.00 price target on the stock.Equities research analysts at Goldman Sachs (NYSE: GS) raised their earnings per share estimates on shares of Apple, Inc (NASDAQ: AAPL) in a research note to investors on Thursday. The analysts currently have a “buy” rating and a $450.00 price target on the stock.
Apple Inc. (Apple) designs, manufactures and markets a range of personal computers, mobile communication and media devices, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications. It’s products and services include Macintosh (Mac) computers, iPhone, iPad, iPod, Apple TV, Xserve, a portfolio of consumer and professional software applications, the Mac OS X and iOS operating systems, third-party digital content and applications through the iTunes Store, and a range of accessory, service and support offerings. The Company sells its products globally through its retail stores, online stores, and direct sales force and third-party cellular network carriers, wholesalers, retailers, and value-added resellers. As of September 25, 2010, the Company had opened a total of 317 retail stores, including 233 stores in the United States and 84 stores internationally.
Apple, Inc last announced its quarterly results on Tuesday, January 18th. The company reported $6.43 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $5.39 EPS by $1.04. During the same quarter in the prior year, the company posted $3.67 earnings per share. The company’s quarterly revenue was up 70.5% on a year-over-year basis. On average, analysts predict that Apple, Inc will post $5.24 EPS next quarter.
Shares of Apple, Inc (NASDAQ: AAPL) opened at 359.56 on Friday. Apple, Inc has a 52 week low of $199.25 and a 52 week high of $364.90. The stock’s 50-day moving average is $347.2 and its 200-day moving average is $310.. The company has a market cap of $331.3 billion and a price-to-earnings ratio of 20.06.
