Apple Inc. (NASDAQ:AAPL) has seen a slew of upgrades from analysts after a strong showing in the recently concluded results season. It is important to state that Apple Inc. (NASDAQ:AAPL) is one of the most valuable companies in the world with regards to market capitalization.
Jeff Kvaal, the analysts who covers Apple Inc. (NASDAQ:AAPL) at Nomura Securities maintains a buy rating on the stock but has raised the price target from $165 to $175 citing improved iPhone sales worldwide and on the back of the much anticipated launch of the iPhone 8 in September The analyst continues to maintain an EPS expectation of $1.67 per share for the current year. The analyst expects the dividend pay-out for the stock to be in the vicinity of $0.63 per share.
Analysts at UBS also raised the price target on the stock from the current $170 to $180 by the end of the year which is being seen as a huge positive. It is imperative to state that the analyst at UBS continue to maintain a Buy rating on the stock for the foreseeable future. The EPS estimate according to the analyst at UBS continues to be at $2.1 per share. The analyst expects the dividend to be paid by the company in the range of $0.63 per share.
The most bullish of the ratings upgrades comes from Tim Long at BMO Capital who raises the rating on the stock from a “Maintain” to an “Outperform”. The analyst also raised his price target on the stock from the current $170 to $180 which continues to point towards the overall bullish sentiment surrounding the stock. The analyst holds a bullish EPS expectation for the stock and maintains EPS expectations at $3.36 per share. Tim expects Apple to pay a dividend of $0.57 per share.
The analyst at Deutsche Bank continues to maintain a hold on the stock which is in line with the overall sentiment for Apple being a long term hold in all investor portfolios. Sherri Scribner, though has raised the price target on the stock from the current $132 to $140 for the stock. The analyst maintains an EPS expectation of $1.67 for the stock. The analyst at Deutsche Bank to pay a cash dividend of $0.57 per share.
Mark Moskowitz, the analysts with Barclays who is a widely read analyst when it comes to anything Apple Inc has also raised the rating on the stock. The analysts has upgraded the current equal-weight on the stock to a “maintain” which is being seen as a huge positive. The price target has also been revised upwards from the current $123 to $146. Moskowitz has also raised the EPS estimate from the current $1.42 per share to $1.57 per share which is a hugely bullish sign. Mark maintains that Apple should pay a dividend of $0.57 per share during the current fiscal