x min read

Stock Update: Apple Inc (NASDAQ:AAPL)

Stock Update: Apple Inc (NASDAQ:AAPL)
Written by
Charles Donlon
Published on
October 13, 2014
Copy URL
Share on LinkedIn
Share on Reddit
Share on Twitter/X
Share on Facebook

[Reuters] Apple Inc (NASDAQ:AAPL) said that its recently released iPhone 6 and iPhone 6 Plus phones will be available in more than 115 countries by the end of the year. The iPhones will arrive in 36 additional countries and territories across Europe, Asia, the Middle East, Latin America and Africa by the end of this month, Apple said. The iPhone 6 and iPhone 6 Plus will be made available in China, the world's biggest smartphone market, and India from Oct. 17.Stock PerformanceTaking a look at the company’s recent performance, Apple (NASDAQ:AAPL) reported third quarter earnings for fiscal year 2014 on July 22nd 2014. The company reported actual earnings per share of $1.28 against the consensus Street estimate of $1.22.This represents year over year decline of 512.30%. Apple posted revenue of $37.47billion against estimates of $37.80billion. AAPL is currently valued at $598.43 billion and closed the last trading session at $99.18. The stock has a 50-day moving average of $100.30 and a 200-day moving average of $90.54.Is this a Buying Opportunity?There are currently forty five analysts that we track that cover the stock. Of those forty five, twenty eight have Buy rating, thirteen have a hold rating and four have sale rating. On a consensus basis this yields a score of 2.53 and a buy. The combined price objective of these covering analysts is $105.31, which represents a 6.18% upside difference to the last closing price. The most recent analyst activity consisted of Citigroup Inc. reiterated rating with buy stance on the company. Citigroup Inc has a price target of $110 to 120 which represents an upside of 20.99% from the last closing price. On the date of the report, the stock closed at $99.18.Another research firm weighing in recently was Evercore Partners who upgraded their market perform stance on the stock. On October 02nd 2014, Evercore Partners reiterraed their rating with overweight stance to the firm. Their price target on the stock increased to $125.00, or a 24.07% upside to the current price. On the day of the report, AAPL shares closed at $100.75.Company ProfileApple Inc (NASDAQ:AAPL) and its wholly-owned subsidiaries design, manufacture, and market mobile communication and media devices, personal computers, and portable digital music players worldwide. It also sells software, services, peripherals, networking solutions, and third-party digital content and applications related to its products. The company offers iPhone, a line of smartphones that comprise a phone, music player, and Internet device; iPad, a line of multi-purpose tablets based on Apple’s iOS Multi-Touch operating system; Mac, a line of desktop and portable personal computers; and iPod, a line of portable digital music and media players, such as iPod touch, iPod nano, iPod shuffle, and iPod classic.

Discover Hidden Gems

Don't miss the next big opportunity. Subscribe for timely alerts on potential market movers.