Company Update: Apple Inc (NASDAQ:AAPL) – Apple, Facebook Among Top Technology Investment Choices

[at Investor’s Business Daily] – Facebook (FB) received honors as the top Internet investment idea by Credit Suisse, followed by Amazon.com (AMZN) and Alphabet (GOOGL). In tech hardware, Apple (AAPL) is a favorite. Credit Suisse based … Read more on this. Apple Inc. (AAPL) , valued at $603.97B, started the session at $108.94. A quick look at the market, the company’s stock traded between $108.21 and $109.77 with a one year range of $92.00 to $134.54. Apple (AAPL) shares are currently priced at 11.98x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 9.39x earnings multiple for the same period. And for income investors, the company pays shareholders $2.08 per share annually in dividends, yielding 1.87%. According to a consensus of 37 analysts, the earnings estimate of $2.00 per share would be $0.33 worse than the year-ago quarter and a $0.34 sequential decrease. Investors should also note that the full-year EPS estimate of $9.06 is a $0.16 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $52.02 Billion. If realized, that would be a 10.33% decrease over the year-ago quarter. In terms of ratings, Needham Initiated AAPL at Strong Buy (Apr 6, 2016). Previously, Cowen upgraded AAPL from Market Perform to Outperform. The average price target for AAPL shares is $134.21, which is 23.20% above where the stock opened this morning. See more in (NASDAQ:AAPL) Similar Articles: Stock Update: Apple Inc (NASDAQ:AAPL) – Will Qualcomm Lose Out on Apple’s iPhone? (QCOM, AAPL) Company Update (NASDAQ:AAPL): Facebook starts supporting ​Apple’s ‘Live Photos’ Company Update: Apple Inc (NASDAQ:AAPL) – Apple Names Jeff Williams Chief Operating Officer