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Apple Announces New iPhone Models, ValuEngine Still Rates Stock a Hold

Apple Announces New iPhone Models, ValuEngine Still Rates Stock a Hold

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Published by ValuEngine.com
ValuEngine continues its HOLD recommendation on APPLE INC for 2013-09-10. Based on the information we have gathered and our resulting research, we feel that APPLE INC has the probability to ROUGHLY MATCH average market performance for the next year. The company exhibits ATTRACTIVE Company Size but UNATTRACTIVE Momentum.
ValuEngine continues its HOLD recommendation on APPLE INC for 2013-09-10. Based on the information we have gathered and our resulting research, we feel that APPLE INC has the probability to ROUGHLY MATCH average market performance for the next year. The company exhibits ATTRACTIVE Company Size but UNATTRACTIVE Momentum.

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Categories:Types, Business/Law
Published by: ValuEngine.com on Sep 11, 2013
Copyright:Attribution Non-commercial

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03/09/2014

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September 11, 2013
Click HERE to Download a FREE Sample of the ValuEngine ViewNewsletter VALUATION WATCH: Our models find that overvaluation is at levelstypically seen when market pullbacks occur. Overvalued stocks assigneda valuation now make up almost 78% of our universe and 44% of thestocks assigned a valuation are calculated to be overvalued by 20% or more. 15 of 16 sectors are calculated to be overvalued--14 of them bydouble digits.
Apple Harvest
--Apple Announces New iPhone Models, ValuEngine Still Rates Stock aHold
Apple Inc. (AAPL) is engaged in designing, manufacturing and marketingmobile communication and media devices, personal computers, and portable digitalmusic players. The Company's products and services include iPhone, iPad, Mac, iPod,Apple TV, a portfolio of consumer and professional software applications, the iOS andMac OS X operating systems, iCloud, and a range of accessory, service and supportofferings. It sells its products worldwide through its online stores, its retail stores, itsdirect sales force, third-party wholesalers, and resellers. Apple Inc. is headquartered inCupertino, California.Apple held another one of their product announcement conferencesyesterday. Fanboys rejoiced at the news of two new iPhone models, the iPhone 5sand iPhone 5c. As is typical, the new models feature better processors, battery life,and some cosmetic changes. Probably the most notable news from the latestproduct announcement is that the iPhone 5c is NOT the "cheap iPhone" many tech
 
analysts predicted. Indeed, the iPhone 5c, which features a machined (not molded)plastic case, is going to be much cheaper to manufacture, but it will not be sold atmuch of a discount vs the iPhone 5s (@ $100 less). Production will also be faster,allowing the company a better chance of meeting the expected high demand for the device. Thus, Apple will keep margins high on these coveted devices and bebetter able to strike while the market is hot. Wall St seems rather non-plussed at thenews and the stock is currently down almost 5% on the day and several large bankshave downgraded the stock.ValuEngine continues its HOLD recommendation on APPLE INC for 2013-09-10.Based on the information we have gathered and our resulting research, we feel thatAPPLE INC has the probability to ROUGHLY MATCH average market performance for the next year. The company exhibits ATTRACTIVE Company Size but UNATTRACTIVEMomentum.Below is today's data on AAPL: 
ValuEngine Forecast
 
Target Price* Expected Return
1-Month
495.69 0.21%
3-Month
500.72 1.23%
6-Month
502.74 1.64%
1-Year 
507.22 2.54%
2-Year 
574.31 16.11%
3-Year 
600.43 21.39%
 
Valuation
9.53% overvalued
Valuation Rank
61
1-M Forecast Return
0.21%
1-M Forecast Return Rank
72
12-M Return
-25.36%
Momentum Rank
18
Sharpe Ratio
0.63
Sharpe Ratio Rank
95
5-Y Avg Annual Return
20.93%
5-Y Avg Annual Rtn Rank
93
Volatility
33.29%
Volatility Rank
72
Expected EPS Growth
7.39%
EPS Growth Rank
31
Market Cap (billions)
464.29
Size Rank
100
Trailing P/E Ratio
12.57
Trailing P/E Rank
85
Forward P/E Ratio
11.7
Forward P/E Ratio Rank
77
PEG Ratio
1.7
PEG Ratio Rank
22
Price/Sales
2.74
Price/Sales Rank
33
Market/Book
3.95
Market/Book Rank
29
Beta
0.97
Beta Rank
58
Alpha
-0.5
Alpha Rank
16
Market Overview
Summary of VE Stock Universe
Stocks Undervalued
22.32%
Stocks Overvalued
77.68%
Stocks Undervalued by 20%
9.05%
Stocks Overvalued by 20%
44.23%

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