Amazon.com Downgraded to “Fair Value” at CRT Capital (AMZN)
Amazon.com (NASDAQ:AMZN) was downgraded by stock analysts at CRT Capital from a “buy” rating to a “fair value” rating in a report issued on Friday, TheFlyOnTheWall.com reports. They currently have a $350.00 target price on the stock, down from their previous target price of $390.00. CRT Capital’s price target indicates a potential upside of 8.02% from the company’s current price.
Amazon.com (NASDAQ:AMZN) opened at 324.01 on Friday. Amazon.com has a 1-year low of $279.33 and a 1-year high of $408.06. The stock has a 50-day moving average of $336.3 and a 200-day moving average of $342.. The company has a market cap of $149.1 billion and a P/E ratio of 559.45.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 24th. The company reported ($0.24) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.14) by $0.10. The company had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter last year, the company posted ($0.02) earnings per share. Amazon.com’s revenue was up 23.2% compared to the same quarter last year. On average, analysts predict that Amazon.com will post $1.05 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on AMZN. Analysts at Citigroup Inc. downgraded shares of Amazon.com from a “buy” rating to a “neutral” rating in a research note on Tuesday. They now have a $395.00 price target on the stock, down previously from $414.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, July 21st. They now have a $375.00 price target on the stock, down previously from $400.00. Finally, analysts at Wolfe Research downgraded shares of Amazon.com from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $406.77.
Amazon.com, Inc (NASDAQ:AMZN) serves consumers through its retail websites and focus on selection, price, and convenience.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.