[at CNBC] – I think China will hit the target and be bigger than many think, says Daniel Ernst, Hudson Square Research, discussing Apple’s iPhone launch in China and CEO Tim Cook’s vision for the company.
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Apple Inc. (AAPL), valued at $500.59B, ended session yesterday at $546.39.
During the trading session, AAPL traded between $551.66 to $557.36 and has traded between $385.10 and $575.14 over the past year.
AAPL shares are currently priced at 12.25x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 33.40x earnings multiple.
And for those looking to make a return holding the stock, the company pays shareholders $12.20 per share annually in dividends, yielding 2.30%.
Consensus earnings for the current quarter by the 47 sell-side analysts covering the stock is an estimate of $14.08 per share, which would be $0.27 better than the year-ago quarter and a $0.27 sequential increase. What we find to be interesting is that the full-year EPS estimate of $43.72 is a $3.97 improvement when compared to the previous year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $57.40 Billion. If reported, that would be a 5.30% increase over the year-ago quarter.
Recently, Standpoint Research downgraded AAPL from Hold to Sell (Jan 6, 2014). Previously, UBS upgraded AAPL from Neutral to Buy.
When considering if the stock is under or overvalued, the average price target is $595.73, which is 9.03% 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) .