How an­a­lysts rate Ap­ple af­ter its stock

Financial Mirror (Cyprus) - - FRONT PAGE -

Ap­ple Inc. is now trad­ing un­der $100 for the first time in years. The com­pany’s sev­en­for-one stock split is al­ready re­flected in its share price.

In­vestors are ad­vised to keep in mind that the price tar­gets of $104.28, $102.85 and the like will soon be changed (if not al­ready chang­ing) to re­flect the new Ap­ple prices with round num­bers.

Stifel Nicolaus was the first an­a­lyst to for­mally ad­just its price tar­get. It has a Buy rat­ing, and the tar­get moved up to $110 in the call.

Bar­ron’s fea­tured an ar­ti­cle over the weekend re­fer­ring to an­a­lyst Brian White of Can­tor Fitzger­ald. His $4 pro­jec­tion in earn­ings per share from a bet­ter smart­watch would now only be an additional $0.57 in earn­ings per share af­ter the split.

Last week, BMO Cap­i­tal Mar­kets re­it­er­ated its Out­per­form rat­ing, but the price tar­get was raised to $685 from $610. The new un­ad­justed tar­get is $97.85.

RBC Cap­i­tal mar­kets main­tained its Out­per­form rat­ing last week, but the price tar­get was raised to $675 from $645 in the call. That new price tar­get would be ad­justed to $96.43 af­ter the split. Canac­cord Ge­nu­ity re­it­er­ated Ap­ple with a Buy rat­ing last week and the price tar­get was raised to $710 from $660. Ap­ple’s new post-split ad­justed price tar­get would be $101.42.

Credit Suisse main­tained its Neu­tral rat­ing last week af­ter the WWDC event, but the firm raised its price tar­get to $600 from $560. The new ad­justed price tar­get would be

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