Stock Update: Apple Inc (NASDAQ:AAPL) – Volkswagen says not in talks with Apple or Google

[Reuters] – Volkswagen (VOWG_p.DE) Chief Executive Matthias Mueller said the carmaker is in talks with external partners to start new digital mobility businesses but added these talks do not involve Apple (AAPL.O) or Google (GOOGL.O). Speaking at a press conference to discuss full-year results in Wolfsburg on Thursday, Mueller said the company was looking for ways to expand its offering in the area of digital mobility services. “Please understand if I cannot name these companies, but we are not in talks with Apple or Google,” Mueller said. Read more on this. Apple Inc. (AAPL) , with a current market cap of $539.15B, started the session at $97.55. Shares have traded today between $96.60 and $97.80 per share and has traded between $92.00 and $132.97 over the past year. AAPL shares are currently priced at 11.69x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.18x forward p/e ratio. The company pays shareholders $2.08 per share in dividend income per year, for a current yield of 1.97%. In a review of the consensus earnings estimate this quarter, 37 sell-side analysts are looking at $1.42 per share, which would be $0.43 worse than the year-ago quarter and a $0.36 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $8.37 would be a $0.85 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $42.60 Billion. If reported, that would be a 14.11% decrease over the year-ago quarter. In terms of ratings, Needham Initiated AAPL at Strong Buy (Apr 6, 2016). Previously, Cowen upgraded AAPL from Market Perform to Outperform. When considering if perhaps the stock is under or overvalued, the average price target is $125.95, which is 29.11% above where the stock opened this morning. See more in (NASDAQ:AAPL) Similar Articles: Stock Update (NASDAQ:AAPL): Why Google and Apple Make Strange Bedfellows When It Comes to Privacy Company Update: Apple Inc (NASDAQ:AAPL) – Apple Paid $1 Billion By Google For Default Search Status Company Update: Apple Inc (NASDAQ:AAPL) – Google paid Apple $1B to stay on iPhones: Report