Apple Given 'Outperform' Rating at Cowen (AAPL)

Date: 
2012-10-05
Firm: 
Cowen
Stock: 
Price Target: 
840.00
Price Call: 
BUY
Last Price: 
Upside/Downside: 
+840.00 (∞%)

Apple (NASDAQ: AAPL)‘s stock had its “outperform” rating reiterated by investment analysts at Cowen in a note issued to investors on Friday.

Apple traded down 1.24% on Friday, hitting $658.51. Apple has a 1-year low of $363.32 and a 1-year high of $705.07. The company has a market cap of $617.3 billion and a price-to-earnings ratio of 15.67.

Apple last released its earnings data on Tuesday, July 24th. The company reported $9.32 EPS for the quarter, missing the Thomson Reuters consensus estimate of $10.38 by $1.06. The company’s quarterly revenue was up 22.6% on a year-over-year basis. Analysts expect that Apple will post $44.42 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on AAPL. Analysts at Sterne Agee reiterated a “buy” rating on shares of Apple in a research note to investors on Tuesday. They now have a $840.00 price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Apple in a research note to investors on Monday. Finally, analysts at Topeka Capital reiterated a “buy” rating on shares of Apple in a research note to investors on Monday. They now have a $1,111.00 price target on the stock.

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.

Discussions
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Dr. Michael Sunner

OK, is the small investor being suckered by these analysts call?

2012-10-07 22:21

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