NEW YORK: Traders sold shares of Apple (NASDAQ:AAPL) on strength during trading on Wednesday, American Banking & Market News reports. $1,325.46 million flowed into the stock on the tick-up and $1,376.20 million flowed out of the stock on the tick-down, for a money net flow of $50.74 million out of the stock. Of all stocks tracked, Apple had the 6th highest net out-flow for the day. Apple traded up $1.43 for the day and closed at $128.47.
A number of research firms have recently commented on AAPL. Analysts at Wells Fargo & Co. reiterated a “fair value” rating and set a $130.00 price target (up previously from $120.00) on shares of Apple in a research note on Wednesday. Analysts at Jefferies Group raised their price target on shares of Apple from $124.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday. Analysts at Piper Jaffray set a $160.00 price target on shares of Apple and gave the company a “buy” rating in a research note on Tuesday. Finally, analysts at Vetr downgraded shares of Apple from a “hold” rating to a “sell” rating and set a $124.73 price target on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $130.42.
The stock has a 50-day moving average of $125. And a 200-day moving average of $111, The Company has a market cap of $748.31 billion and a price-to-earnings ratio of 17.40.
Apple (NASDAQ:AAPL) last released its earnings data on Tuesday, January 27th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.52. The company had revenue of $74.60 billion for the quarter, compared to the consensus estimate of $66.42 billion. During the same quarter in the previous year, the company posted $14.50 earnings per share. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. On average, analysts predict that Apple will post $8.61 earnings per share for the current fiscal year.
