Stock Update: Apple Inc (NASDAQ:AAPL) – There Is Still Time To Short Apple

Apple Inc (NASDAQ:AAPL) [at Seeking Alpha] – On January 13, 2013 I published an article estimating Apple ( AAPL ) iPhone production at 50.7 million units for Q1 and suggested that if it sold everything it could make unit sales would be just over …
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Apple Inc. (AAPL), valued at $455.96B, finished at $506.50.
 
Looking at the stock, its one day range is $503.63 to $507.37 with a one year range of $385.10 to $575.14.
 
Apple (AAPL) shares are currently priced at 11.76x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 78.22x earnings multiple for the same period.
 
And for dividend hunters, the company pays shareholders $12.20 per share annually in dividends, yielding 2.20%.
 
Consensus earnings for the current quarter by the 44 sell-side analysts covering the stock is an estimate of $10.31 per share, which would be $0.22 better than the year-ago quarter and a $0.44 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $43.08 is a $3.33 improvement when compared to the previous year’s annual results.
 
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $43.54 Billion. If realized, that would be a 0.14% decrease 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.
 
The average price target for AAPL shares by the analysts covering it is $586.28, which is 15.75% 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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