Company Update: Apple Inc (NASDAQ:AAPL) – Apple CEO Tim Cook Ends Stock Slide With Reassuring TV Appearance

[at Investor’s Business Daily] – Apple (AAPL) stock rose Tuesday, a day after CEO Tim Cook appeared on CNBC’s “Mad Money” to discuss the company’s prospects after last week’s disappointing March-quarter earnings report. Apple … Read more on this. Apple Inc. (AAPL) , valued at $521.34B, opened at $94.23. During the trading session, AAPL traded between $93.68 to $95.74 and has traded between $92.00 and $132.97 over the past 12 months. Priced at 11.24x this year’s forecasted earnings, AAPL shares are relatively expensive compared to the industry’s 10.23x forward p/e ratio. And for dividend hunters, the company pays shareholders $2.28 per share annually in dividends, yielding 2.43%. In a review of the consensus earnings estimate this quarter, 37 sell-side analysts are looking at $1.40 per share, which would be $0.45 worse than the year-ago quarter and a $0.37 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $8.33 would be a $0.89 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $42.15 Billion. If realized, that would be a 15.02% decrease over the year-ago quarter. More recently, Needham Initiated AAPL at Strong Buy (Apr 6, 2016). Previously, Cowen upgraded AAPL from Market Perform to Outperform. When considering if perhaps the stock is under or overvalued, the average price target is $126.70, which is 34.46% above where the stock opened this morning. See more in (NASDAQ:AAPL) Similar Articles: Market Update (NASDAQ:AAPL): Shares of Cirrus Logic slide after major customer Apple misses estimates Stock Update: Apple Inc (NASDAQ:AAPL) – Will Qualcomm Lose Out on Apple’s iPhone? (QCOM, AAPL) Stock Update: Apple Inc (NASDAQ:AAPL) – Now Samsung is following Apple by allowing mobile ad blockers for the first time