Amazon.com Rating Reiterated by Cowen and Company (AMZN)
Amazon.com (NASDAQ:AMZN)‘s stock had its “outperform” rating reiterated by Cowen and Company in a research note issued on Thursday, American Banking News reports.
Shares of Amazon.com (NASDAQ:AMZN) traded up 3.48% during mid-day trading on Thursday, hitting $335.88. The stock had a trading volume of 5,633,143 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 $345.8 and its 200-day moving average is $361.9. The company has a market cap of $154.3 billion and a P/E ratio of 550.14.
Amazon.com (NASDAQ:AMZN) last released its earnings data 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 $1.92 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Argus upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Wednesday, April 16th. They now have a $480.00 price target on the stock. Separately, analysts at S&P Equity Research reiterated a “sell” rating on shares of Amazon.com in a research note on Thursday, April 3rd. Finally, analysts at Oppenheimer raised their price target on shares of Amazon.com from $440.00 to $455.00 in a research note on Tuesday, March 18th. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and a consensus target price of $416.49.
Amazon.com, Inc (NASDAQ:AMZN) serves consumers through its retail websites and focus on selection, price, and convenience.
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