Apple (AAPL) Gets a Hold Rating from UBS

By Ryan Adsit

In a report released today, David Vogt from UBS maintained a Hold rating on Apple (AAPLResearch Report), with a price target of $115.00. The company’s shares closed last Monday at $123.09.

According to TipRanks.com, Vogt is a 2-star analyst with an average return of 15.1% and a 80.0% success rate. Vogt covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and Dell Technologies.

Currently, the analyst consensus on Apple is a Moderate Buy with an average price target of $131.39, which is a 7.3% upside from current levels. In a report issued on December 1, Credit Suisse also maintained a Hold rating on the stock with a $106.00 price target.

See today’s analyst top recommended stocks >>

Apple’s market cap is currently $2122.3B and has a P/E ratio of 35.10. The company has a Price to Book ratio of 27.34.

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.

Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises of China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, Apple Care, iCloud, digital content stores, streaming, and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak on April 1, 1976 and is headquartered in Cupertino, CA.