Apple : Profit-taking can be expected to dominate
04/11/2019 | 11:37am EDT
Entry price :
200.379$ | Target : 182.4$ | Stop-loss : 207.2$ | Potential : 8.97%
Up substantially over the past few weeks, shares in Apple should pause in their rise close to the major resistance around 226.87 USD. Investors should open a short trade and target the $ 182.4.
Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits. Thanks to a sound financial situation, the firm has significant leeway for investment. The group usually releases upbeat results with huge surprise rates. Analysts covering this company mostly recommend stock overweighting or purchase.
According to Thomson-Reuters' forecast, revenue growth prospects are expected to be very low for the next fiscal years. With an enterprise value anticipated at 3.34 times the sales for the current fiscal year, the company turns out to be overvalued. The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company. For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period. For the last four months, EPS estimates made by Thomson-Reuters analysts have been revised downwards. For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago. The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.
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62 614 M
Net income 2019
52 893 M
P/E ratio 2019
P/E ratio 2020
EV / Sales 2019
EV / Sales 2020
Number of Analysts
Average target price
Spread / Average Target
1st jan. Capitalization (M$)
APPLE 31.33% 978 326