Amazon.com Receives New Coverage from Analysts at FBN Securities (AMZN)
Analysts at FBN Securities started coverage on shares of Amazon.com (NASDAQ:AMZN) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Amazon.com (NASDAQ:AMZN) traded up 1.68% during mid-day trading on Tuesday, hitting $397.54. The stock had a trading volume of 2,340,401 shares. Amazon.com has a 52-week low of $245.75 and a 52-week high of $406.89. The stock’s 50-day moving average is $392.6 and its 200-day moving average is $333.3. The company has a market cap of $182.0 billion and a P/E ratio of 1416.59.
Amazon.com (NASDAQ:AMZN) last released its earnings data 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. Analysts expect that Amazon.com will post $0.73 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on AMZN. Analysts at UBS AG reiterated a “buy” rating on shares of Amazon.com in a research note to investors on Monday. They now have a $465.00 price target on the stock, up previously from $400.00. Separately, analysts at Standpoint Research reiterated a “sell” rating on shares of Amazon.com in a research note to investors on Monday, January 6th. Finally, analysts at Topeka Capital Markets raised their price target on shares of Amazon.com to $485.00 in a research note to investors on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $391.47.
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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