Apple Inc. (AAPL) was reiterated a ‘Market Outperform’ by JMP Securities analysts on Wednesday. The broker also raised its price target on the stock to $160 from $150.
Separately, Apple today announced that it has pushed back the release of its new Apple Watch operating system, called watchOS 2, due to delays in fixing a glitch.
On trading measures, AAPL is currently printing a lower than average trading volume with the issue trading 17.12 million shares, compared to the average daily volume of 71.12 million. The stock began trading this morning at $116.25 to currently trade 0.05% lower from the prior days close of $116.28. On an intraday basis it has gotten as low as $115.44 and as high as $116.54.
Apple Inc. shares are priced at 13.44x this year’s forecasted earnings, compared to the industry’s 12.34x earnings multiple. The company’s current year and next year EPS growth estimates stand at 41.60% and 6.90% compared to the industry growth rates of (7.1%) and 14.60%, respectively. AAPL has a t-12 price-to-sales ratio of 2.96. EPS for the same period registers at $8.65.
AAPL shares have advanced 0.28% in the last 4 weeks while declining 8.46% in the past three months. Over the past 5 trading sessions the stock has gained 3.53%. The Cupertino California-based tech giant, which is currently valued at $662.83 billion, has a median Wall Street price target of $150.00 with a high target of $175.00.
Apple Inc. is up 16.37% year-over-year, compared with a 1.17% loss in the S&P 500.
Comcast Corporation (CMCSA) was reiterated as ‘Buy’ with a $78 from $72 price target on Wednesday by Wunderlich.
Comcast Corp. Cl A shares are currently priced at 17.05x this year’s forecasted earnings, compared to the industry’s 10.37x earnings multiple. Ticker has a forward P/E of 15.60 and t-12 price-to-sales ratio of 2.00. EPS for the same period is $3.38.
In the past 52 weeks, shares of Philadelphia, Pennsylvania-based media and technology company have traded between a low of $49.33 and a high of $64.99 and are now at $57.67.
Shares are up 1.89% year-over-year ; down 0.26% year-to-date.
LinkedIn Corporation (LNKD) was raised to ‘Hold’ from ‘Sell’ at Brean Capital on Wednesday. The firm said valuation now reflects the multiple concerns that face the company including slower growth in various categories..
LNKD is up $2.72 at $198.17 on normal volume. Midway through trading Wednesday, 466K shares of LinkedIn Corp. Cl A have exchanged hands as compared to its average daily volume of 1.80 million shares. The stock has ranged in a price between $194.14 to $198.42 after having opened the day at $197.12 as compared to the previous trading day’s close of $195.45.
In the past 52 weeks, shares of Mountain, View California-based company have traded between a low of $165.57 and a high of $276.18.
Shares are down 14.91% since the beginning of the year.
Analysts at Sun Trust Rbsn Humphrey upgraded their rating on the shares of Oracle Corporation (ORCL) ahead of Q1/16 results tonight. In a research note published on Wednesday, the firm lifted the name with a ‘Buy’ from ‘Neutral’ rating.
On valuation measures, Oracle Corp. shares are currently priced at 17.35x this year’s forecasted earnings, compared to the industry’s 2.01x earnings multiple. Ticker has a PEG and forward P/E ratio of 2.14 and 13.03, respectively. Price/Sales for the same period is 4.31 while EPS is $2.21. Currently there are 18 analysts that rate ORCL a ‘Buy’, 15 rate it a ‘Hold’. 2 analysts rate it a ‘Sell’. ORCL has a median Wall Street price target of $47.50 with a high target of $52.00.
Yandex N.V. (YNDX) had its rating hiked to ‘Neutral’ from ‘Sell’ by Goldman (GS) today.
YNDX shares recently gained $1.14 to $13.38. The stock is down 59.06% year-over-year and has lost roughly 32% year-to-date. In the past 52 weeks, shares of the operater of an Internet search engine in Russia and internationally have traded between a low of $9.94 and a high of $31.19.
Yandex N.V. Cl A closed Tuesday at $12.24. The name has a current market cap of $4.26 billion.