Monness Reiterates a Buy Rating on Apple Inc

In a report released yesterday, Brian White from Monness reiterated a Buy rating on Apple Inc (NASDAQ: AAPL), with a price target of $235. The company’s shares closed yesterday at $176.57.

According to TipRanks.com, White is a top 100 analyst with an average return of 16.0% and a 67.8% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Facebook Inc, and Alphabet Inc.

Currently, the analyst consensus on Apple Inc is Moderate Buy and the average price target is $193.04, representing a 9.3% upside.

In a report issued on April 17, Macquarie also maintained a Buy rating on the stock with a $188 price target.

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Apple Inc’s market cap is currently $897.3B and has a P/E ratio of 18.15. The company has a book value ratio of 6.4000.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AAPL in relation to earlier this year. Most recently, in February 2018, Albert Gore, a Director at AAPL bought 35,000 shares for a total of $648,200.

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.