Apple Inc (AAPL) Received its Third Buy in a Row

By Ryan Adsit

After J.P. Morgan and Merrill Lynch gave Apple Inc (NASDAQ: AAPL) a Buy rating last month, the company received another Buy, this time from UBS. Analyst Timothy Arcuri maintained a Buy rating on Apple Inc today and set a price target of $225. The company’s shares opened today at $194.19.

According to TipRanks.com, Arcuri is a top 100 analyst with an average return of 24.4% and a 67.1% success rate. Arcuri covers the Consumer Goods sector, focusing on stocks such as Applied Materials Inc, Skyworks Solutions, and Texas Instruments.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Apple Inc with a $212.21 average price target, a 9.3% upside from current levels. In a report issued on June 6, Evercore ISI also initiated coverage with a Buy rating on the stock with a $205 price target.

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Apple Inc’s market cap is currently $897.5B and has a P/E ratio of 16.33. The company has a Price to Book ratio of 8.45.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. Last month, Arthur Levinson, a Director at AAPL sold 35,000 shares for a total of $7,380,100.

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.