Stock Update (NASDAQ:AAPL): Tesla Isn’t Feeling the Pain From Weak Global Economy, Unlike Apple

[at TheStreet] – Apple’s Tim Cook has said “extreme conditions” are affecting many of its major markets, but Tesla says international economic woes haven’t impacted orders — at least not yet. Read more on this. Apple Inc. (AAPL) , with a current value of $516.20B, opened at $93.79. During today’s session, AAPL traded between $92.59 to $94.72 with a trailing 52-week range being $92.00 to $134.54. Apple (AAPL) shares are currently priced at 10.46x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 7.87x earnings multiple for the same period. The company pays shareholders $2.08 per share in dividend income per year, for a current yield of 2.21%. Consensus earnings for the current quarter by the 37 sell-side analysts covering the stock is an estimate of $2.00 per share, which would be $0.33 worse than the year-ago quarter and a $0.46 sequential decrease. The full-year EPS estimate is $9.08 which would be a $0.14 setback than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $52.05 Billion. If reported, that would be a 10.27% decrease over the year-ago quarter. Recently, BofA/Merrill upgraded AAPL from Neutral to Buy (Jan 12, 2016). Previously, Mizuho upgraded AAPL from Neutral to Buy. Investors should keep in mind is that the average price target is $136.18, which is 45.20% above where the stock opened this morning. See more in (NASDAQ:AAPL) Similar Articles: Stock Update: Apple Inc (NASDAQ:AAPL) – Now Samsung is following Apple by allowing mobile ad blockers for the first time Stock Update: Apple Inc (NASDAQ:AAPL) – New Music Apps from Apple Transform iOS Devices into Handheld Studios for Songwriters & Beatmakers Stock Update: Apple Inc (NASDAQ:AAPL) – How Apple could lose its place as world’s biggest company