Amazon.com’s “Hold” Rating Reaffirmed at TheStreet (AMZN)
Amazon.com (NASDAQ:AMZN)‘s stock had its “hold” rating reiterated by TheStreet in a research note issued on Friday, Analyst Ratings Network.com reports.
The analysts wrote, “Amazon.com (AMZN) has been reiterated by TheStreet Ratings as a hold with a ratings score of C. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we find that the company’s profit margins have been poor overall.”
AMZN has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. raised their price target on shares of Amazon.com from $381.00 to $457.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Wedbush reiterated a “neutral” rating on shares of Amazon.com in a research note to investors on Thursday, December 26th. Finally, analysts at Zacks downgraded shares of Amazon.com from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, December 20th. They now have a $415.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and a consensus target price of $384.90.
In other Amazon.com news, CFO Thomas Szkutak sold 10,000 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $400.00, for a total transaction of $4,000,000.00. Following the sale, the chief financial officer now directly owns 42,121 shares in the company, valued at approximately $16,848,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Amazon.com (NASDAQ:AMZN) opened at 397.97 on Friday. Amazon.com has a 52 week low of $245.75 and a 52 week high of $405.63. The stock has a 50-day moving average of $385.7 and a 200-day moving average of $325.5. The company has a market cap of $182.2 billion and a price-to-earnings ratio of 1444.89.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 24th. The company reported ($0.09) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.09). The company had revenue of $17.09 billion for the quarter, compared to the consensus estimate of $16.77 billion. During the same quarter last year, the company posted ($0.23) earnings per share. Amazon.com’s revenue was up 23.8% compared to the same quarter last year. On average, analysts predict that Amazon.com will post $0.73 earnings per share for the current fiscal year.
Amazon.com, Inc (NASDAQ:AMZN), incorporated on May 28, 1996, serves consumers through its retail websites and focus on selection, price, and convenience.
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