Credit Suisse Maintains Their Hold Rating on Apple (AAPL)

By Carrie Williams

Credit Suisse analyst Matthew Cabral maintained a Hold rating on Apple (AAPLResearch Report) on July 29 and set a price target of $340.00. The company’s shares closed last Friday at $425.04.

According to TipRanks.com, Cabral is a 1-star analyst with an average return of -1.2% and a 44.7% success rate. Cabral covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and Dell Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Apple with a $418.96 average price target, which is a 1.8% upside from current levels. In a report issued on July 14, Wolfe Research also maintained a Hold rating on the stock with a $250.00 price target.

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Apple’s market cap is currently $1667.7B and has a P/E ratio of 29.80. The company has a Price to Book ratio of 21.01.

Based on the recent corporate insider activity of 37 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.

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.