Market Update: Apple Inc (NASDAQ:AAPL) – Apple Stock Is Too Cheap to Ignore, and Jim Cramer’s View

[at TheStreet] – Investors should take another look at Apple’s technical charts given low P/E and reasonable dividend yield. Read more on this. Apple Inc. (AAPL) , valued at $527.15B, opened at $95.70. Looking at today’s market, AAPL one day range is $95.69 to $96.50 with a one year range of $89.47 to $132.97. AAPL shares are currently priced at 11.59x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 13.68x earnings multiple. And for dividend hunters, the company pays shareholders $2.28 per share annually in dividends, yielding 2.40%. Consensus earnings for the current quarter by the 37 sell-side analysts covering the stock is an estimate of $1.39 per share, which would be $0.46 worse than the year-ago quarter and a $0.39 sequential decrease. Investors should also note that the full-year EPS estimate of $8.24 is a $0.98 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 $42.34 Billion. If realized, that would be a 14.64% decrease over the year-ago quarter. More recently, Longbow Initiated AAPL at Buy (Jul 6, 2016). Previously, Needham Initiated AAPL at to Strong Buy. When considering if perhaps the stock is under or overvalued, the average price target is $124.25, which is 29.83% above where the stock opened this morning. See more in (NASDAQ:AAPL) Similar Articles: Market Update: Apple Inc (NASDAQ:AAPL) – Apple’s stock drops in wake of Brexit vote Stock Update: Apple Inc (NASDAQ:AAPL) – Will Qualcomm Lose Out on Apple’s iPhone? (QCOM, AAPL) Company Update (NASDAQ:AAPL): Apple’s Cheap iPhone SE Raises Profit Margin Concerns