Apple Reports Fourth Quarter Results
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Apple (AAPL) PT Raised to $135 at Brean Capital
October 26, 2016 9:33 AM EDTBrean Capital analyst Ananda Baruah reiterated a Buy rating and raised its price target on Apple (NASDAQ: AAPL) to $135.00 (from $125.00) following results.
Baruah commented, "AAPL Dec Q guidance suggests that not only are iPhone units continuing to gain strength (as... More
Apple (AAPL) Estimates Raised at Drexel Hamilton
October 26, 2016 8:46 AM EDTDrexel Hamilton analyst Brian White reiterated a Buy rating and $185 price target on Apple (NASDAQ: AAPL) following solid Q4 results and strong Q1 guidance. The firm slightly raised estimates following the print.
White highlighted:
Last night, Apple delivered a solid 4Q:FY16 performance and offered up a strong 1Q:FY17 outlook that has the company returning to revenue growth. We are slightly raising our EPS estimates and maintaining our 12-month price target at $185.00.Apple remains our top pick for H2:2016 given our view that the sales, profit and iPhone... MoreCowen Affirms Apple (AAPL) at 'Outperform'; Sees $135 PT as 'Conservative' Given Expected Multiples
October 26, 2016 7:25 AM EDTCowen and Company affirms Apple (Nasdaq: AAPL) at Outperform with a price target of $135 following Q4 results and outlook issued Tuesday night.
The firm commented on Wednesday: While there could be some minor hand wringing over GMs, AAPL is tightly managing supply but still nicely threaded the needle on guidance. From here, investors can now really start to focus on iPhone 10 being the flame in C2017 that lights the "powder keg" that is forming in the installed base. Target remains $135, but even this is very... More
Apple (AAPL) Bullish View Reiterated at BMO Capital Following Better iPhone Outlook Offset by Higher Costs
October 26, 2016 6:17 AM EDTBMO Capital analyst Tim Long reiterated his Outperform rating and $140 price target on Apple (NASDAQ: AAPL) following in-line Q4 results with stronger guidance. Long notes a better iPhone outlook was offset by higher costs.
Long commented, "Apple reported in-line September results, while... More
Stifel Downgrades Apple (AAPL) to Hold on Weak iPhone Sell-Thru, Lack of Upside Catalyst
October 26, 2016 6:13 AM EDTStifel downgraded Apple (NASDAQ: AAPL) from Buy to Hold with a price target of $115.00 (from $130.00) following Q4 results, citing weaker iPhone sell-thru and lack of upside catalyst.
Analyst Aaron C. Rakers commented, "We are downgrading to a Hold as we believe shares of Apple could remain range bound ($105-$120/sh.; 6-7x EV/EBITDA on C2018 estimates vs. 5-10x NTM historical 5-yr range) over the next 2-3 quarters until we / investors are able to garner greater... More
Apple (AAPL) Declares $0.57 Quarterly Dividend; 1.9% Yield
October 25, 2016 4:37 PM EDTApple (NASDAQ: AAPL) declared a quarterly dividend of $0.57 per share, or $2.28 annualized.
The dividend will be payable on November 10, 2016, to stockholders of record on November 7, 2016, with an ex-dividend date of November 3, 2016.
The annual yield on the dividend is 1.9 percent.
For a... More
