InvestorsObserver is giving Apple Inc. (AAPL) an Analyst Rating Rank of 55, meaning AAPL is ranked higher by analysts than 55% of stocks. The average projection by analysts for AAPL is $118.309 over the next 12 months and analyst’s classify the stock as a Strong Buy
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With Apple Inc. Stock Today?
Apple Inc. (AAPL) stock has fallen -2.21% while the S&P 500 is unmoved 0% as of 9:43 AM on Thursday, Sep 17. AAPL has fallen -$2.48 from the previous closing price of $112.13 on volume of 5,874,219 shares. Over the past year the S&P 500 has gained 12.60% while AAPL has gained 96.89%. AAPL earned $3.29 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 33.33.
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