Credit Suisse Maintains a Hold Rating on Apple Inc (AAPL)

By Jason Carr

In a report released yesterday, Matthew Cabral from Credit Suisse maintained a Hold rating on Apple Inc (AAPLResearch Report), with a price target of $209. The company’s shares closed last Monday at $217.73.

According to TipRanks.com, Cabral is a 3-star analyst with an average return of 7.1% and a 73.7% success rate. Cabral covers the Consumer Goods sector, focusing on stocks such as Dell Technologies Inc, Pure Storage Inc, and NetApp.

Currently, the analyst consensus on Apple Inc is a Moderate Buy with an average price target of $223.36, which is a 0.9% upside from current levels. In a report issued on September 10, Macquarie also reiterated a Hold rating on the stock with a $210 price target.

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The company has a one-year high of $233.47 and a one-year low of $142. Currently, Apple Inc has an average volume of 26.24M.

Based on the recent corporate insider activity of 35 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 17,500 shares for a total of $3,529,575.

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.