Shares of Apple (AAPL) are up 0.87% to $127 in early trade as Cowen raised its price target on the name to $135 from $115 noting that their extensive new survey across multiple regions paints a bullish picture on iPhone demand, Apple Pay usage, and LT Watch adoption. Apple’s PT was also raised to $180 from $160 at Cantor Fitzgerald. The new price objectives suggest a potential upside of 7.20% and 43%, respectively, from the stock’s previous close.
Fundamentally, AAPL shows the following financial data:
- $32.66 billion in cash in most recent quarter
- $231.84 billion t-12 total assets
- $111.55 billion total equity
- $199.80 billion t-12 revenue
- $39.51 billion annual net income
- $50.14 billion free cash flow
On valuation measures, Apple Inc. shares have a T-12 price/sales ratio of 3.67 and a price/book for the same period of 5.95. EPS is $7.42. The name has a market cap of $737.47 billion and a median Wall Street price target of $145.00 with a high target of $165.00. Currently there are 34 analysts that rate AAPL a ‘Buy’, 11 rate it a ‘Hold’. 2 analysts rates it a ‘Sell’.
In terms of share statistics, Apple Inc. has a total of 5.82 billion shares outstanding with 0.05% held by insiders and 62.10% held by institutions. The stock’s short interest currently stands at 1.25%, bringing the total number of shares sold short to 72.72 million.
Offering a dividend yield of 1.49%, shares of the Cupertino California-based company are up 69.86% year-over-year and 14.51% year-to-date.