Stock Update: Apple Inc (NASDAQ:AAPL) – Apple’s Suppliers Gear Up to Bring New Screens to 2017 IPhone

[at Bloomberg] – At least one company in Apple Inc.’s supply chain is already reaping the benefit from plans to outfit next year’s version of the iPhone with a brighter, higher-definition screen. Read more on this. Apple Inc. (AAPL) , currently valued at $526.87B, ended session yesterday at $95.22. During the trading session, AAPL traded between $95.67 to $96.31 and has traded between $89.47 and $132.97 over the past year. Apple (AAPL) shares are currently priced at 11.38x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.19x earnings multiple for the same period. And for passive income investors, the company pays shareholders $2.28 per share annually in dividends, yielding 2.39%. Consensus earnings for the current quarter by the 36 sell-side analysts covering the stock is an estimate of $1.40 per share, which would be $0.45 worse than the year-ago quarter and a $0.37 sequential decrease. The full-year EPS estimate is $8.28, which would be a $0.94 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $42.18 Billion. If reported, that would be a 14.96% 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 the stock is under or overvalued, the average price target is $126.25, which is 32.59% above where the stock opened this morning. See more in (NASDAQ:AAPL) Similar Articles: Stock Update (NASDAQ:AAPL): Apple Suppliers Blame ‘Tepid’ iPhone 7 Demand On Lack Of Innovation Stock Update: Apple Inc (NASDAQ:AAPL) – Will Qualcomm Lose Out on Apple’s iPhone? (QCOM, AAPL) Stock Update: Apple Inc (NASDAQ:AAPL) – AT&T supports Apple in U.S. iPhone encryption dispute