Investment analysts at Drexel Hamilton initiated coverage on shares of Apple Inc. (AAPL) in a note issued to investors on Friday. The firm set a ‘Buy’ rating and $200 price target on the stock. DH’s price target would suggest a potential upside of 81% from the stock’s current price of $109.99.
On valuation measures, Apple Inc., currently valued at $627.13 billion, has a median Wall Street price target of $150.00 with a high target of $175.00. Approximately 32 million shares have changed hands intraday, compared to the stock’s average daily volume of 67.46 million.
In the past 52 weeks, shares of Cupertino, California-based iPhone maker have traded between a low of $92.00 and a high of $134.54, with the 50-day MA and 200-day MA located at $112.34 and $122.76 levels, respectively. Additionally, shares of Apple trade at a P/E ratio of 12.72 and have a Relative Strength Index (RSI) and MACD indicator of 43.06 and -3.25, respectively.
Apple Inc. currently prints a year-to-date return of less than one percent.
Facebook, Inc. (FB) coverage was resumed on Friday by Wedbush with a ‘Outperform’ rating and a valuation of $115 per share.
On valuation measures, FB shares are currently priced at 93.27x this year’s forecasted earnings, compared to the industry’s $8.34x earnings multiple. Ticker has a forward P/E of 33.39 and t-12 price-to-sales ratio of 17.50. EPS for the same period is $0.98.
Over the past year, shares of Menlo Park, Calif.-based social networking giant have traded between a low of $70.32 and a high of $99.24.
Shares are up 16.57% since the beginning of the year.
Wedbush has resumed coverage of Twitter, Inc‘s (TWTR) stock with a “Neutral” rating.
TWTR is currently printing a normal trading volume with the issue trading 14 million shares, compared to the average daily volume of 17.94 million. The stock began trading this morning at $24.50 to currently trade 6.85% higher from the prior days close of $24.68. On an intraday basis it has gotten as low as $24.34 and as high as $26.48.
Twitter shares have declined 8.69% in the last 4 weeks and 30.91% in the past three months. Over the past 5 trading sessions the stock has lost 7.22%. The San Francisco, California-based web portal, which is currently valued at $17.83 billion, has a median Wall Street price target of $36.00 with a high target of $56.00.
Twitter is down 50.70% year-over-year, compared with a 2.24% loss in the S&P 500.
Analysts at Morgan Stanley (MS) upgraded their rating on the shares of Vertex Pharmaceuticals Inc (VRTX). In a research note published on Friday, the firm lifted the name with an ‘Overweight’ from ‘Equal-Weight’ rating.
VRTX shares recently gained $5.55 to $112.78. In the past 52 weeks, shares of Boston, Massachusetts-based company have traded between a low of $96.43 and a high of $143.45. Shares are down 4.52% year-over-year and 9.74% year-to-date.
Currently there are 13 analysts that rate VRTX a ‘Buy’, 9 rate it a ‘Hold’. No analyst rates it a ‘Sell’. VRTX has a median Wall Street price target of $146 with a high target of $180.
Oppenheimer is out with a report this morning upgrading shares of Google Inc. (GOOG) with a ‘Outperform’ from ‘Perform’ rating and $700 price target, implying 12.45% expected return from the stock’s current price.
Google shares recently gained $11.17 to $622.46. The stock is up more than 7% year-over-year and has gained roughly 16% year-to-date. In the past 52 weeks, shares of Menlo Park, California-based search giant have traded between a low of $486.23 and a high of $678.64.
Google Inc. closed Thursday at $611.29. The name has a current market cap of $426.72 billion.