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How Apple Stacks Up to Analyst Estimates in August 2017

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Stock returns

In the trailing 12-month period, Apple (AAPL) stock has risen 50%. In the last month, it has increased 9.1%. Since the start of 2017, it has risen 35.7% after increasing 11.8% in 2016. The stock has also generated returns of 2.4% in the last five trading days.

In comparison, shares of technology peers Hewlett-Packard (HPQ), Western Digital (WDC), and IBM (IBM) have generated returns of 36%, 87%, and -10%, respectively, in the trailing 12-month period.

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Analyst recommendations

Of the 45 analysts covering Apple, 33 gave it a “buy” recommendation, and 12 recommended a “hold.” There were no “sell” recommendations.

The analyst stock price target for Apple stock is $166.21, with a median target estimate of $170.00. Apple is trading at a discount of 8.2% to median analyst estimates.

Moving averages

On August 2, 2017, Apple closed the trading day at $157.14. Based on that price, here’s how the stock fared in terms of its moving averages:

  • 6.8% above its 100-day moving average of $147.09
  • 5.5% above its 50-day moving average of $148.93
  • 5.3% above its 20-day moving average of $149.28

MACD and RSI

Apple’s 14-day MACD (moving average convergence divergence) is ~1.0. A stock’s MACD is the difference between its short-term and long-term moving averages. Apple’s positive figure indicates an upward trading trend.

Apple also has a 14-day RSI (relative strength index) score of 73, which shows the stock could be overbought. If an RSI is above 70, it indicates that a stock has been overbought. An RSI figure below 30 suggests that a stock has been oversold.

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