Apple Inc. (AAPL) coverage was resumed on Tuesday by Goldman Sachs (GS) with a ‘Buy’ rating and $163 target.
AAPL is currently printing a normal average trading volume with the issue trading 27.03 million shares, compared to the average daily volume of 68.15 million. The stock began trading this morning at $113.37 to currently trade 2.15% lower from the prior days close of $115.21. On an intraday basis it has gotten as low as $112.59 and as high as $114.17.
On valuation measures, Apple Inc. shares are priced at 13.04x 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 7.00% compared to the industry growth rates of (7.1%) and 14.60%, respectively. AAPL has a t-12 price-to-sales ratio of 2.93. EPS for the same period registers at $8.65.
Apple shares have advanced 2.27% in the last 4 weeks, while declining 9.31% in the past three months. Over the past 5 trading sessions the stock has lost 0.09%. The Cupertino California-based company, which is currently valued at $642.75 billion, has a median Wall Street price target of $150 with a high target of $175.
Apple is up 16.07% year-over-year, compared with a 0.80% loss in the S&P 500.
Nike, Inc. (NKE) was reiterated a ‘Hold’ by Canaccord Genuity analysts on Tuesday. The broker also raised its price target on the stock to $109 from $104.
On valuation measures, Nike Inc. shares are currently priced at 31.15x this year’s forecasted earnings, compared to the industry’s 22.71x earnings multiple. Ticker has a PEG and forward P/E ratio of 2.37 and 24.36, respectively. Price/Sales for the same period is 3.26 whereas EPS is $3.70. Currently there are 21 analysts that rate NKE a ‘Buy’, 8 rate it a ‘Hold’. No analyst rates it a ‘Sell’. NKE has a median Wall Street price target of $125.00 with a high target of $141.00.
Pandora Media, Inc. (P) rating of ‘Buy’ was reiterated today at Needham with a price target increase of $24 from $20 (versus a $20.83 previous close).
Pandora shares recently lost $0.34 to $20.49. In the past 52 weeks, shares of Oakland, California-based Internet radio services provider have traded between a low of $13.30 and a high of $25.74.
Shares are down 22.16% year-over-year ; up 16.83% year-to-date.
Hewlett-Packard Company (HPQ) coverage was resumed on Tuesday by Goldman with a ‘Neutral’ rating and $30 target.
HPQ is down $0.80 at $25.64 on heavy volume. Midway through trading Tuesday, 14.16 million shares of Hewlett-Packard Co. have exchanged hands as compared to its average daily volume of 16.32 million shares. The stock has ranged in a price between $25.64 to $26.29 after having opened the day at $25.91.
In the past 52 weeks, shares of Palo Alto, Calif.-based company have traded between a low of $24.85 and a high of $41.10.
Shares are down 26.64% year-over-year and 33.02% year-to-date.
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