Canaccord Genuity Reiterates a 'Buy/Top Pick' on Apple (AAPL); Prudent Ways to Return Value to Shareholders
Tweet Send to a FriendGet Alerts AAPL Hot Sheet
Price: $444.51 +0.72%
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 21 | New: 29
Rating Summary:
52 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 21 | New: 29
Trade AAPL Now!
Canaccord Genuity reiterates a 'Buy/Top Pick' on Apple (NASDAQ: AAPL) price target of $710.00.
Analyst, T. Michael Walkley, said, "We believe Apple’s dividend and buyback programs are prudent ways to return value to shareholders, open shares to new dividend-focused funds, and should be well received by investors."
"Based on recent discussions with investors, we believe the 1.8% dividend yield is in line with investor expectations of an initial 2% dividend yield. With plans to return at least $45B to shareholders in the next 3 years, we believe this enables dividend-focused investors to invest in Apple shares, potentially increasing the shareholder base."
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $585.57 yesterday, with a 52 week range of $310.50-$600.01.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, T. Michael Walkley, said, "We believe Apple’s dividend and buyback programs are prudent ways to return value to shareholders, open shares to new dividend-focused funds, and should be well received by investors."
"Based on recent discussions with investors, we believe the 1.8% dividend yield is in line with investor expectations of an initial 2% dividend yield. With plans to return at least $45B to shareholders in the next 3 years, we believe this enables dividend-focused investors to invest in Apple shares, potentially increasing the shareholder base."
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $585.57 yesterday, with a 52 week range of $310.50-$600.01.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- iPhone Sell-Through Tracking Ahead of Consensus, Says Morgan Stanley (AAPL)
- Apple (AAPL) to See 'Moore' Gross Margin Pressure - Jefferies
- NetApp (NTAP) Post Solid Q4, Numbers Bumped - Needham & Company
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Dividend
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
