Credit Suisse Group Analysts Give Apple Stock Price a $150.00 Price Target

Credit Suisse Group set a $150.00 objective on Apple stock price (NASDAQ: AAPL) in a research report sent to investors on Monday morning, Borsen Zeitung reports.

RELATED: Apple Posted Record Sales of $111.4 Billion

Credit Suisse Group Analysts Give Apple (NASDAQ: AAPL) a $150.00 Price Target

A number of other analysts also recently issued reports on the company. Robert W. Baird raised Apple to an outperform rating and raised their price objective for the Apple stock price from $160.00 to $170.00 in a research report on Wednesday, September 8th.

New Street Research cut Apple from a neutral rating to a sell rating and set a $90.00 target price for the company. in a report on Friday, May 28th.

Fundamental Research raised their target price on Apple from $144.27 to $163.99 and gave the company a buy rating in a report on Tuesday, August 31st.

DZ Bank restated a buy rating on shares of Apple in a report on Tuesday, August 10th. Finally, Monness Crespi & Hardt raised their target price on Apple stock price from $180.00 to $184.00 and gave the company a buy rating in a report on Wednesday, July 28th.

One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Buy and a consensus target price of $161.68.

Shares of AAPL opened at $148.79 on Monday. Apple Stock Price has a 52-week low of $103.10 and a 52-week high of $157.26. The company has a market capitalization of $2.46 trillion, a PE ratio of 29.12, a price-to-earnings-growth ratio of 2.10, and a beta of 1.20.

The stock has a fifty-day simple moving average of $148.52 and a two-hundred-day simple moving average of $135.32. The company has a quick ratio of 1.01, a current ratio of 1.06, and a debt-to-equity ratio of 1.65.

Apple (NASDAQ: AAPL) last issued its earnings results on Monday, July 26th. The iPhone maker reported $1.30 earnings per share (EPS) for the quarter, topping analysts consensus estimates of $1.01 by $0.29.

The business had revenue of $81.40 billion during the quarter, compared to the consensus estimate of $73.48 billion. Apple had a return on equity of 131.01% and a net margin of 25.00%.

The company’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same period last year, the company earned $0.64 EPS. As a group, equities analysts anticipate that Apple will post 5.59 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 12th. Stockholders of record on Monday, August 9th were paid a dividend of $0.22 per share.

The ex-dividend date was Friday, August 6th. This represents a $0.88 annualized dividend and a dividend yield of 0.59%. Apple’s dividend payout ratio is presently 26.83%.

Apple (NASDAQ: AAPL) last issued its earnings results on Monday, July 26th. The iPhone maker reported $1.30 earnings per share (EPS) for the quarter, topping analysts consensus estimates of $1.01 by $0.29.

The business had revenue of $81.40 billion during the quarter, compared to the consensus estimate of $73.48 billion. Apple had a return on equity of 131.01% and a net margin of 25.00%.

The company’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same period last year, the company earned $0.64 EPS. As a group, equities analysts anticipate that Apple will post 5.59 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 12th. Stockholders of record on Monday, August 9th were paid a dividend of $0.22 per share.

The ex-dividend date was Friday, August 6th. This represents a $0.88 annualized dividend and a dividend yield of 0.59%. Apple’s dividend payout ratio is presently 26.83%.