Company Update: Apple Inc. (NASDAQ:AAPL) – Gundlach: Apple share price ‘looks reasonable’

Apple Inc. (NASDAQ:AAPL) [at MarketWatch] – MADRID (MarketWatch) — Apple Inc. could push higher from here, but don’t expect shares to hit $1,000, said Jeffrey Gundlach, chief executive officer of DoubleLine Capital, in an interview with Barron’s …
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Apple Inc. (AAPL), with a current value of $503.04B, began trading this morning at $558.00.
Shares have traded today between $554.41 and $564.33 per share and has traded between $385.10 and $594.59 over the past 12 months.
 
AAPL shares are currently priced at 12.80x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 47.86x forward p/e ratio.
The company pays shareholders $12.20 per share annually in dividends, yielding 2.30%.
 
In a review of the consensus earnings estimate this quarter, 47 sell-side analysts are looking at $13.99 per share, which would be $0.18 better than the year-ago quarter and a $0.59 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $43.45, which would be a $3.70 better when compared to the last year’s annual results.
 
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $57.24 Billion. If realized, that would be a 5.01% increase over the year-ago quarter.
More recently, Robert W. Baird upgraded AAPL from Neutral to Outperform (Oct 29, 2013). Previously, Standpoint Research downgraded AAPL from Buy to Hold.
The average price target for AAPL shares by the analysts covering it is $579.29, which is 3.82% above where the stock opened.
 
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) .

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