UBS AG Lowers Amazon.com Price Target to $450.00 (AMZN)
UBS AG lowered their price objective on shares of Amazon.com (NASDAQ:AMZN) from $465.00 to $450.00 in a research note issued on Friday, Analyst RN reports. The firm currently has a “buy” rating on the stock. UBS AG’s price target suggests a potential upside of 25.46% from the company’s current price.
Shares of Amazon.com (NASDAQ:AMZN) traded down 11.00% during mid-day trading on Friday, hitting $358.69. The stock had a trading volume of 16,181,519 shares. Amazon.com has a 52 week low of $245.75 and a 52 week 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 price-to-earnings ratio of 1460.18. Amazon.com also saw some unusual options trading on Thursday. Traders acquired 94,031 call options on the company. This is an increase of approximately 279% compared to the typical daily volume of 24,791 call options.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, January 30th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Pacific Crest cut their price target on shares of Amazon.com from $475.00 to $460.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Amazon.com from $450.00 to $460.00 in a research note to investors on Friday. Finally, analysts at Deutsche Bank raised their price target on shares of Amazon.com from $400.00 to $475.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $414.81.
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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