Market Update: Apple Inc (NASDAQ:AAPL) – Apple Hires Former Google X Lab Leader For Health Care Push

[at Investor’s Business Daily] – Apple (AAPL) continues to bring in more engineering talent amid a fall for its stock. The company has reportedly hired Yoky Matsuoka, most recently head of technology at Google’s Nest, to work on health … Read more on this. Apple Inc. (AAPL) , currently valued at $516.74B, opened this morning at $95.20. During the trading session, AAPL traded between $93.82 to $95.88 and has traded between $92.00 and $132.97 over the past year. AAPL shares are currently priced at 11.51x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.23x earnings multiple for the same period. And for income investors, the company pays shareholders $2.28 per share annually in dividends, yielding 2.43%. Consensus earnings for the current quarter by the 36 sell-side analysts covering the stock is an estimate of $1.39 per share, which would be $0.46 worse than the year-ago quarter and a $0.38 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $8.27 would be a $0.95 setback 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. In terms of ratings, Needham Initiated AAPL at Strong Buy (Apr 6, 2016). Previously, Cowen upgraded AAPL from Market Perform to Outperform. Investors should keep in mind is that the average price target is $126.70, which is 33.09% above where the stock opened this morning. See more in (NASDAQ:AAPL) Similar Articles: Stock Update (NASDAQ:GOOG): Apple Hires Former Google X Lab Leader For Health Care Push Company Update: Apple Inc (NASDAQ:AAPL) – Apple Paid $1 Billion By Google For Default Search Status Company Update: Apple Inc (NASDAQ:AAPL) – Google paid Apple $1B to stay on iPhones: Report