NASDAQ:AAPL

Apple - AAPL Stock Forecast, Price & News

$164.87

-0.48 (-0.29%)

(As of 08/8/2022 05:23 PM ET)

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Today's Range: $164.20
▼
$167.81
50-Day Range: $130.06
▼
$166.13
52-Week Range: $129.04
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$182.94

Volume: 60.24 million shs
Average Volume: 90.58 million shs
Market Capitalization: $2.65 trillion

P/E Ratio: 27.21
Dividend Yield: 0.56%
Price Target: $179.41

Apple MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.70 Rating Score
Upside/Downside: 8.7% Upside
$179.41 Price Target
Short Interest: Healthy
0.65% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -2.00
Upright™ Environmental Score
News Sentiment: 0.50
Based on 91 Articles This Week
Insider Trading: Selling Shares
$4.12 M Sold Last Quarter
Proj. Earnings Growth: 6.23%
From $6.10 to $6.48 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.74 out of 5 stars

Computer And Technology Sector

106th out of 833 stocks

Electronic Computers Industry

2nd out of 10 stocks

2.3

Analyst's Opinion

Consensus Rating
Apple has received a consensus rating of Buy. The company's average rating score is 2.70, and is based on 23 buy ratings, 7 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $179.41, Apple has a forecasted upside of 8.7% from its current price of $165.02.
Amount of Analyst Coverage
Apple has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
0.65% of the outstanding shares of Apple have been sold short.
Short Interest Ratio / Days to Cover
Apple has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Apple has recently decreased by 7.08%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Yield
Apple has a dividend yield of 0.56%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Apple has been increasing its dividend for 11 years.
Dividend Coverage
The dividend payout ratio of Apple is 15.18%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Apple will have a dividend payout ratio of 14.20% next year. This indicates that Apple will be able to sustain or increase its dividend.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Apple has received a 28.61% net impact score from Upright. Apple seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Distributing knowledge". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Smartphones", "Tablet computers", and "Laptops" products. See details.
Environmental Sustainability
The Environmental Impact score for Apple is -2.00.

3.6

News and Social Media Coverage

News Sentiment
Apple has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.32 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 91 news articles for Apple this week, compared to 42 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 119 reddit mentions for Apple this week, compared to 159 mentions on an average week.
Search Interest
990 people have searched for AAPL on MarketBeat in the last 30 days. This is an increase of 43% compared to the previous 30 days.
MarketBeat Follows
3305 people have added Apple to their MarketBeat watchlist in the last 30 days. This is an increase of 240% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Apple insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,119,250.00 in company stock.
Percentage Held by Insiders
Only 0.06% of the stock of Apple is held by insiders.
Percentage Held by Institutions
57.98% of the stock of Apple is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Apple are expected to grow by 6.23% in the coming year, from $6.10 to $6.48 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Apple is 27.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.29.
Price to Earnings Ratio vs. Sector
The P/E ratio of Apple is 27.23, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 352.39.
Price to Earnings Growth Ratio
Apple has a PEG Ratio of 2.14. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Apple has a P/B Ratio of 42.86. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Apple (NASDAQ:AAPL) Stock

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch. Further, it provides AppleCare support services; cloud services store services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts. Additionally, the company offers various services, such as Apple Arcade, a game subscription service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV+, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers. Apple Inc. was incorporated in 1977 and is headquartered in Cupertino, California.

Analysts Set New Price Targets

AAPL has been the topic of several recent research reports. The Goldman Sachs Group set a $139.00 target price on Apple in a report on Friday, July 29th. Citigroup lifted their target price on Apple from $175.00 to $185.00 and gave the stock a "buy" rating in a report on Friday, July 29th. UBS Group set a $185.00 target price on Apple in a report on Thursday, July 21st. Deutsche Bank Aktiengesellschaft set a $175.00 target price on Apple in a report on Monday, August 1st. Finally, Bank of America dropped their price objective on Apple from $200.00 to $185.00 in a research note on Tuesday, July 26th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $179.27.

Apple Stock Up 1.0 %

AAPL traded up $1.70 on Monday, hitting $167.05. The company had a trading volume of 988,224 shares, compared to its average volume of 90,187,617. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.86 and a quick ratio of 0.82. Apple has a 52-week low of $129.04 and a 52-week high of $182.94. The stock has a fifty day simple moving average of $146.34 and a 200-day simple moving average of $157.01. The firm has a market capitalization of $2.68 trillion, a P/E ratio of 27.29, a P/E/G ratio of 2.14 and a beta of 1.23.

Apple (NASDAQ:AAPL - Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, topping the consensus estimate of $1.14 by $0.06. Apple had a net margin of 25.71% and a return on equity of 152.97%. The business had revenue of $82.96 billion during the quarter, compared to analyst estimates of $82.97 billion. During the same period last year, the business posted $1.30 earnings per share. Apple's quarterly revenue was up 1.9% compared to the same quarter last year. As a group, equities analysts expect that Apple will post 6.1 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 11th. Stockholders of record on Monday, August 8th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 0.55%. Apple's payout ratio is 15.18%.

Insider Buying and Selling

In other Apple news, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the completion of the sale, the senior vice president now owns 427,334 shares of the company's stock, valued at approximately $70,411,823.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.06% of the stock is owned by company insiders.

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