Longbow Research Initiates Coverage on Apple to Buy

Longbow Research Initiates Coverage on Apple(NASDAQ:AAPL). The shares have been rated Buy. The rating by Longbow Research was issued on Jul 6, 2016.

In a different note, On Jun 2, 2016, Goldman Sachs said it Maintains its rating on Apple. In the research note, the firm Lowers the price-target to $136.00 per share. The shares have been rated ‘Buy’ by the firm. On May 11, 2016, UBS said it Maintains its rating on Apple. In the research note, the firm Lowers the price-target to $120.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 27, 2016, Brean Capital said it Maintains its rating on Apple. In the research note, the firm Lowers the price-target to $155.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 27, 2016, Barclays said it Maintains its rating on Apple. In the research note, the firm Lowers the price-target to $131.00 per share. The shares have been rated ‘Overweight’ by the firm. On Apr 27, 2016, Citigroup said it Maintains its rating on Apple. In the research note, the firm Lowers the price-target to $130.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 27, 2016, Oppenheimer said it Downgrades its rating on Apple. The shares have been rated ‘Perform’ by the firm.

Apple (AAPL) made into the market gainers list on Mondays trading session with the shares advancing 0.31% or 0.3 points. Due to strong positive momentum, the stock ended at $96.98, which is also near the day’s high of $97.65. The stock began the session at $96.75 and the volume stood at 2,37,94,945 shares. The 52-week high of the shares is $132.97 and the 52 week low is $89.47. The company has a current market capitalization of $531,201 M and it has 5,47,74,25,000 shares in outstanding.

Apple(AAPL) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $50.56B. Analysts had an estimated revenue of $52.01B. Earnings per share were $1.90. Analysts had estimated an EPS of $2.00.

Several Insider Transactions has been reported to the SEC. On Jun 2, 2016, Angela J Ahrendts (Senior Vice President) sold 25,000 shares at $100.00 per share price.Also, On Jun 1, 2016, Daniel J. Riccio (Senior Vice President) sold 40,755 shares at $100.00 per share price.On Jun 1, 2016, Eduardo H Cue (Senior Vice President) sold 50,000 shares at $99.44 per share price, according to the Form-4 filing with the securities and exchange commission.

Apple Inc. (Apple) designs manufactures and markets mobile communication and media devices personal computers and portable digital music players and a variety of related software services peripherals networking solutions and third-party digital content and applications. The Company’s products and services include iPhone iPad Mac iPod Apple TV a portfolio of consumer and professional software applications the iOS and OS X operating systems iCloud and a variety of accessory service and support offerings. The Company also delivers digital content and applications through the iTunes Store App StoreSM iBookstoreSM and Mac App Store. The Company distributes its products worldwide through its retail stores online stores and direct sales force as well as through third-party cellular network carriers wholesalers retailers and value-added resellers. In February 2012 the Company acquired app-search engine Chomp.

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