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Equities research analysts at SunTrust increased their price objective on shares of Amazon.com (NASDAQ:AMZN) from $400.00 to $460.00 in a research note issued to investors on Friday, Analyst Ratings Network reports. SunTrust’s target price points to a potential upside of 28.24% from the company’s current price.

Shares of Amazon.com (NASDAQ:AMZN) opened at 358.69 on Friday. Amazon.com has a 52 week low of $245.75 and a 52 week high of $408.06. The stock has a 50-day moving average of $395.2 and a 200-day moving average of $341.4. The company has a market cap of $164.2 billion and a price-to-earnings ratio of 1460.18. Amazon.com also was the recipient of some unusual options trading on Thursday. Stock investors purchased 94,031 call options on the stock. This represents an increase of approximately 279% compared to the average 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 earnings per share (EPS) for the quarter, missing the 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.

Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Amazon.com in a research note to investors on Friday. They now have a $435.00 price target on the stock. Separately, analysts at S&P Equity Research downgraded shares of Amazon.com from a “hold” rating to a “sell” rating in a research note to investors on Friday. Finally, analysts at Jefferies Group raised their price target on shares of Amazon.com from $390.00 to $450.00 in a research note to investors on Friday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $416.92.

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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