Company Update: Apple Inc (NASDAQ:AAPL) – Fitbit to launch full Apple Watch rival with longer battery life

[at MarketWatch] – Fitbit Inc. introduces a new smartwatch, challenging Apple Inc. with a product similar to Apple Watch with a much stronger battery life. Read more on this. Apple Inc. (AAPL) , with a current market cap of $576.71B, opened at $105.70. During the trading session, AAPL traded between $102.41 to $105.85 and has traded between $92.00 and $134.54 over the past 12 months. Priced at 10.81x this year’s forecasted earnings, AAPL shares are relatively expensive compared to the industry’s 8.13x forward p/e ratio. And for dividend hunters, the company pays shareholders $2.08 per share annually in dividends, yielding 1.98%. According to a consensus of 40 analysts, the earnings estimate of $3.25 per share would be $0.19 better than the year-ago quarter and a $0.05 sequential increase. The full-year EPS estimate is $9.74 which would be a $0.52 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $77.10 Billion. If realized, that would be a 3.35% increase over the year-ago quarter. More recently, Pacific Crest upgraded AAPL from Sector Weight to Overweight (Oct 28, 2015). Previously, Maxim Group upgraded AAPL from Hold to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $148.00, which is 40.02% above where the stock opened this morning. See more in (NASDAQ:AAPL) Similar Articles: Market Update (NASDAQ:AAPL): Apple’s Big Problem With The Apple Watch Must Be Fixed Company Update (NASDAQ:AAPL): Apple Watch closing in on Fitbit for wearables lead Company Update (NASDAQ:AAPL): Apple Poised to Lead Wearables as FitBit Wanes, Says IDC