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Tuesday, September 18, 2012

Bofa Apple stock prices price target

Bofa Apple stock prices price target : Apple (NASDAQ: AAPL) had its price target increased by Bank of America from $770.00 to $850.00 in a research note released on Tuesday morning. They currently have a buy rating on the stock.

A number of other analysts have also recently weighed in on AAPL. Analysts at Piper Jaffray reiterated an overweight rating on shares of Apple in a research note to investors on Friday. They now have a $910.00 price target on the stock. Separately, analysts at RBC Capital reiterated an outperform rating on shares of Apple in a research note to investors on Thursday, September 13th. Finally, analysts at Sanford C. Bernstein reiterated an outperform rating on shares of Apple in a research note to investors on Thursday, September 13th.

Shares of Apple opened at 699.781 on Tuesday. Apple has a one year low of $354.24 and a one year high of $699.80. The company has a market cap of $656.0 billion and a P/E ratio of 16.45.

Apple last released its earnings data on Tuesday, July 24th. The company reported $9.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.38 by $1.06. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. Analysts expect that Apple will post $44.18 EPS for the current fiscal year.

Apple Inc. (Apple), along with its subsidiaries, is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players.

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