Apple Gets a Buy Rating from RBC Capital

By Ryan Adsit

In a report released today, Steven Cahall from RBC Capital reiterated a Buy rating on Apple (NASDAQ: AAPL), with a price target of $157. The company’s shares opened today at $153.06, close to its 52-week high of $156.65.

According to TipRanks.com, Cahall is a 3-star analyst with an average return of 1.5% and a 49.2% success rate. Cahall covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Regal Entertainment, and Caci International.

Currently, the analyst consensus on Apple is Strong Buy and the average price target is $161.61, representing a 5.6% upside.

In a report issued on May 4, Argus Research also maintained a Buy rating on the stock with a $160 price target.

The company has a one year high of $156.65 and a one year low of $91.50. Currently, Apple has an average volume of 24.92M.

Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Arthur Levinson, a Director at AAPL sold 35,000 shares for a total of $5,385,800.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.