Amazon.com Price Target Lowered to $454.00 at Citigroup Inc. (AMZN)
Citigroup Inc. lowered their price objective on shares of Amazon.com (NASDAQ:AMZN) from $457.00 to $454.00 in a research note issued on Friday, Analyst Ratings Net reports. Citigroup Inc.’s price objective suggests a potential upside of 26.57% from the stock’s previous close.
A number of other analysts have also recently weighed in on AMZN. Analysts at Cantor Fitzgerald cut their price target on shares of Amazon.com from $425.00 to $415.00 in a research note to investors on Friday. Separately, analysts at Benchmark Co. raised their price target on shares of Amazon.com from $400.00 to $500.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Oppenheimer cut their price target on shares of Amazon.com from $500.00 to $475.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and an average target price of $414.81.
Shares of Amazon.com (NASDAQ:AMZN) traded down 11.00% during mid-day trading on Friday, hitting $358.69. 16,181,519 shares of the company’s stock traded hands. Amazon.com has a one year low of $245.75 and a one year high of $408.06. The stock’s 50-day moving average is $395.2 and its 200-day moving average is $341.4. The company has a market cap of $164.2 billion and a P/E ratio of 1460.18. Amazon.com also saw some unusual options trading on Thursday. Investors acquired 94,031 call options on the company. This represents an increase of 279% compared to the typical volume of 24,791 call options.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.51 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.67 by $0.16. The company had revenue of $25.59 billion for the quarter, compared to the consensus estimate of $26.06 billion. Analysts expect that Amazon.com will post $2.66 EPS 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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