Nomura Sticks to Their Hold Rating for Apple (AAPL)


Nomura analyst Jeff Kvaal maintained a Hold rating on Apple (NASDAQ: AAPL) today and set a price target of $210. The company’s shares closed yesterday at $225.03, close to its 52-week high of $228.26.

Kvaal has an average return of 28.8% when recommending Apple.

According to TipRanks.com, Kvaal is ranked #384 out of 4874 analysts.

Currently, the analyst consensus on Apple is a Moderate Buy with an average price target of $213.58, implying a -5.1% downside from current levels. In a report issued on August 20, Wells Fargo also maintained a Hold rating on the stock with a $210 price target.

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Based on Apple’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $53.43 billion and net profit of $11.52 billion. In comparison, last year the company earned revenue of $45.26 billion and had a net profit of $8.72 billion.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Arthur Levinson, a Director at AAPL sold 35,000 shares for a total of $7,236,000.

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.

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