[at Forbes] – Android die-hards can tell you everything that is wrong with iOS7, Apple’s recently released operating system for iPhones, iPads and iPods. Those who gripe every time something changes are also among the early detractors. Everyone else—that is, those of us who’ve gone back for a second or third helping of [...]
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Apple Inc. (AAPL), with a current value of $442.58B, started the session at $490.50.
Looking at today’s trading action, the company’s one day range from $486.72 to $492.35 with its 52-week range being $385.10 to $674.25.
AAPL shares are currently priced at 12.45x this year’s forecasted earnings,
which makes them relatively inexpensive compared to the industry’s 18.83x earnings multiple.
And for income investors, the company pays shareholders $12.20 per share annually in dividends, yielding 2.50% .
According to a consensus of 47 analysts, the earnings estimate of $7.86 per share would be $0.81 worse than the year-ago quarter but a $0.32 sequential decrease. The full-year EPS estimate is $39.32 which would be $4.83 setback than last year’s full-year earnings.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $36.72 Billion. If realized, that would be a 2.09% increase over the year-ago quarter.
Recently, Standpoint Research downgraded (AAPL) from Buy to Hold (Aug 2, 2013).
Previously, Robert W. Baird downgraded (AAPL) from Outperform to Neutral. BTIG Research downgraded (AAPL) from Buy to Neutral.
Given all the information above, we should disclose to readers that the average price target is $543.98, which is 10.90% above than it opened this morning.
Apple Inc. (NASDAQ:AAPL), together with subsidiaries, designs, manufactures and markets mobile communication and media devices, personal computing products and portable digital music players worldwide. Its products and services include iPhone, iPod, iPad and much more.
Tag Helper ~ Stock Code: AAPL | Common Company name: Apple | Full Company name: Apple Inc. (NASDAQ:AAPL) .