Apple Inc. (AAPL) was reiterated a ‘Buy’ by Canaccord Genuity analysts on Monday. The broker also raised its price target on the stock to $160 from $155 noting the iPhone 6S products should enable Cupertino to continue to post strong sales and high-end smartphone market share gains. Additionally, CG sees the new Apple installment plan programs combined with similar to more aggressively priced installment programs from leading carriers, as a way to improve the rate of iPhone upgrade sales to the growing installed base of iPhone users.
AAPL is currently printing a normal average trading volume with the issue trading 19.35 million shares, compared to the average daily volume of 67.76 million. The stock began trading this morning at $113.75 to currently trade 0.57% higher from the prior days close of $113.45. On an intraday basis it has gotten as low as $113.64 and as high as $115.00.
On valuation measures, Apple Inc. shares are priced at 13.20x 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 2.88. EPS for the same period registers at $8.65.
AAPL shares have declined 1.36% in the last 4 weeks and 9.98% in the past three months. Over the past 5 trading sessions the stock has lost 0.67%. The Cupertino, California-based tech giant, which is currently valued at $650.57 billion, has a median Wall Street price target of $150.00 with a high target of $175.00.
Apple Inc. is up 13.36% year-over-year, compared with a 1.82% loss in the S&P 500.
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CyberArk Software, Ltd. (CYBR) was upgraded to ‘Buy’ from ‘Hold’ at Deutsche Bank (DB) on Monday. The banking giant set its price target on the name at $65 noting it has been impressed with the firm’s fundamentals and metrics – 70% revenue growth and 22% OM in 2Q/15 – but have stayed patient on an upgrade given valuation.
CyberArk Software Ltd. shares are currently priced at 100.73x this year’s forecasted earnings, compared to the industry’s 2.01x earnings multiple. Ticker has a forward P/E of 60.56 and t-12 price-to-sales ratio of 10.55. EPS for the same period is $0.50.
In the past 52 weeks, shares of Israeli-based IT security solutions firm have traded between a low of $22.12 and a high of $76.35 and are now at $49.86.
Shares are up 20.18% since the beginning of year.
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Google Inc. (GOOG) was reiterated as ‘Market Outperform’ with $847 from $720 price target on Monday by JMP Securities.
Google Inc. shares are currently priced at 29.68x this year’s forecasted earnings, compared to the industry’s 2.01x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.22 and 18.70, respectively. Price/Sales for the same period is 6.20 while EPS is $21.22. Currently there are 37 analysts that rate GOOG a ‘Buy’, 5 rate it a ‘Hold’. No analyst rates it a ‘Sell’. GOOG has a median Wall Street price target of $768.00 with a high target of $900.00.
Over the past year, shares of the search giant have traded between a low of $486.23 and a high of $678.64 and are now at $629.86.
Shares are up 6.78% year-over-year and 19.54% year-to-date.
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Lululemon Athletica Inc. (LULU) had its rating hiked to ‘Overweight’ from ‘Equal-Weight’ by Morgan Stanley (MS) today.
LULU shares recently gained $1.01 to $53.92. The stock is up 19.44% year-over-year and has lost 5.16% year-to-date. In the past 52 weeks, shares of Vancouver British, Columbia-based company have traded between a low of $37.86 and a high of $70.00.
Lululemon Athletica Inc. closed Friday at $52.91. The name has a current market cap of $7.59 billion.
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Analysts at Stifel upgraded their rating on the shares of PayPal Holdings, Inc. (PYPL). In a research note published on Monday, the firm lifted the name with a ‘Buy’ from ‘Hold’ rating and set its 12-month base case estimate at $40 based on the potential positive impact of the One Touch feature and attractive valuation versus peers.
PYPL shares recently gained $1.25 to $34.17. Oppenheimer’s target price suggests a potential upside of about 17% from the company’s current stock price.
Over the past 3-months, shares of San Jose, Calif.-based company have traded between a low of $30.00 and a high of $42.55.
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