[at Seeking Alpha] – Investors in Apple ( AAPL ) can be some of the most diehard supporters in the world, but when everything comes down to it they really do care about price. Not unlike everyone else with a Financial Investment, …
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Apple Inc. (AAPL), with a current value of $456.76B, started trading this morning at $508.89.
Looking at today’s trading action, the company’s one day range from $502.08 to $510.90 and has traded between $385.10 and $575.14 over the past year.
AAPL shares are currently priced at 11.92x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.08x forward p/e ratio.
And for passive income investors, the company pays shareholders $12.20 per share annually in dividends, yielding 2.20%.
According to a consensus of 46 analysts, the earnings estimate of $7.65 per share would be $1.02 worse than the year-ago quarter and a $0.60 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $39.01 is a $5.14 setback when compared to the previous year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $36.07 Billion. If reported, that would be a 0.28% 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.
With the above information in mind, readers should note that the average price target is $598.85, which is 17.68% 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) .