Bernstein Maintains Apple to Outperform with Price Target $160

Brokerage firm Bernstein Maintains its rating on Apple(AAPL). As per the latest information, Bernstein Raises the price target to $160 per share from a prior target of $140. The shares have been rated Outperform. Previously, the analysts had a Outperform rating on the shares. The rating by the stock financial advisor at Bernstein was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 6, 2017, Citigroup said it Maintains its rating on Apple. According to the research note, Citigroup Raises the price target to $160 per share from a prior target of $140. The shares have been rated ‘Buy’ by the firm. On Mar 1, 2017, BTIG Research said it Maintains its rating on Apple. According to the research note, BTIG Research Raises the price target to $165 per share from a prior target of $133. The shares have been rated ‘Buy’ by the firm. On Jan 24, 2017, Barclays said it Downgrades its rating on Apple. According to the research note, Barclays Lowers the price target to $117 per share from a prior target of $119. The shares have been rated ‘Equal-Weight’ by the firm. On Jan 19, 2017, OTR Global said it Downgrades its rating on Apple. The shares have been rated ‘Negative’ by the firm.

Apple (AAPL) shares turned negative on Fridays trading session with the shares closing down -0.28 points or -0.20% at a volume of 2,23,95,563. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $141.74. The peak price level was also seen at $141.74 while the days lowest was $140.35. Finally the shares closed at $140.64. The 52-week high of the shares is $142.8 while the 52-week low is $89.47. According to the latest information available, the market cap of the company is $737,873 M.

Apple(AAPL) last announced its earnings results on Oct 25, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $46.85B. Analysts had an estimated revenue of $46.89B. Earnings per share were $1.67. The reported EPS was above estimates by $0.02 or 1.21%. Analysts had estimated an EPS of $1.65.

Several Insider Transactions has been reported to the SEC. On Mar 17, 2017, Luca Maestri (Senior Vice President, CFO) sold 17,897 shares at $140.18 per share price.Also, On Feb 24, 2017, Albert Jr Gore (director) sold 215,437 shares at $136.72 per share price.On Feb 22, 2017, Johny Srouji (Senior Vice President) sold 13,207 shares at $136.25 per share price, according to the Form-4 filing with the securities and exchange commission.

Apple Inc. (Apple) designs manufactures and markets mobile communication and media devices personal computers and portable digital music players and a variety of related software services peripherals networking solutions and third-party digital content and applications. The Company’s products and services include iPhone iPad Mac iPod Apple TV a portfolio of consumer and professional software applications the iOS and OS X operating systems iCloud and a variety of accessory service and support offerings. The Company also delivers digital content and applications through the iTunes Store App StoreSM iBookstoreSM and Mac App Store. The Company distributes its products worldwide through its retail stores online stores and direct sales force as well as through third-party cellular network carriers wholesalers retailers and value-added resellers. In February 2012 the Company acquired app-search engine Chomp.

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