Amazon.com Stock Rating Reaffirmed by Cowen and Company (AMZN)
Shares of Amazon.com (NASDAQ:AMZN) traded up 5.57% on Friday, hitting $346.19. The stock had a trading volume of 8,139,228 shares. Amazon.com has a one year low of $279.33 and a one year high of $408.06. The stock has a 50-day moving average of $323.4 and a 200-day moving average of $345.1. The company has a market cap of $159.3 billion and a P/E ratio of 511.58.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.23. The company had revenue of $19.74 billion for the quarter, compared to the consensus estimate of $19.42 billion. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 22.8% on a year-over-year basis. On average, analysts predict that Amazon.com will post $1.05 earnings per share for the current fiscal year.
AMZN has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Amazon.com from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $294.00 price target on the stock. Separately, analysts at Barclays initiated coverage on shares of Amazon.com in a research note on Thursday, June 26th. They set an “equal weight” rating and a $330.00 price target on the stock. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $416.00.
Amazon.com, Inc (NASDAQ:AMZN) serves consumers through its retail websites and focus on selection, price, and convenience.
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