[at Fortune] – FORTUNE — Analysts were neither wildly excited nor terribly disappointed by Apple’s (AAPL) event Tuesday. Nobody changed their ratings or price targets, although a few discovered that their iPad estimates …
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Apple Inc. (AAPL), valued at $473.96B, started trading this morning at $519.00.
During today’s session, AAPL traded between $519.00 to $525.00 and has traded between $385.10 and $626.55 over the past year.
AAPL shares are currently priced at 13.20x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 19.47x earnings multiple.
The company pays shareholders $12.20 per share annually in dividends, yielding 2.40%.
In a review of the consensus earnings estimate this quarter, 47 sell-side analysts are looking at $7.89 per share, which would be $0.78 worse than the year-ago quarter and a $0.20 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $39.37, which would be a $4.78 setback when compared to the last year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $36.80 Billion. If reported, that would be a 2.31% increase over the year-ago quarter.
In terms of ratings, Standpoint Research downgraded AAPL from Buy to Hold (Aug 2, 2013).
Previously, Robert W. Baird downgraded AAPL from Outperform to Neutral.
The average price target for AAPL shares is $551.02, which is 6.17% above where the stock 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) .