Apple (AAPL) Gets a Buy Rating from Evercore ISI

By Carrie Williams

Evercore ISI analyst Amit Daryanani maintained a Buy rating on Apple (AAPLResearch Report) today and set a price target of $305.00. The company’s shares closed last Monday at $275.15, close to its 52-week high of $275.30.

According to TipRanks.com, Daryanani is a 5-star analyst with an average return of 15.4% and a 66.1% success rate. Daryanani covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, CommScope Holding, and Dell Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Apple with a $262.31 average price target, a -3.4% downside from current levels. In a report issued on December 2, J.P. Morgan also maintained a Buy rating on the stock with a $296.00 price target.

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Apple’s market cap is currently $1222.6B and has a P/E ratio of 23.21. The company has a Price to Book ratio of 13.51.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AAPL in relation to earlier this year. Last month, Arthur Levinson, a Director at AAPL sold 37,394 shares for a total of $9,639,799.

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.