Amazon.com Given Consensus Rating of “Buy” by Brokerages (NASDAQ:AMZN)
Amazon.com (NASDAQ:AMZN) has earned an average recommendation of “Buy” from the forty-one analysts that are currently covering the stock, StockRatingsNetwork.com reports. Three analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, twenty have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $412.76.
A number of analysts have recently weighed in on AMZN shares. Analysts at Robert W. Baird reiterated an “outperform” rating on shares of Amazon.com in a research note on Wednesday. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Amazon.com in a research note on Friday, July 25th. They now have a $340.00 price target on the stock, down previously from $350.00. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, July 25th. They now have a $435.00 price target on the stock, down previously from $450.00.
Shares of Amazon.com (NASDAQ:AMZN) opened at 316.80 on Wednesday. Amazon.com has a 52 week low of $279.33 and a 52 week high of $408.06. The stock has a 50-day moving average of $332. and a 200-day moving average of $336.8. The company has a market cap of $146.4 billion and a P/E ratio of 794.52.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 24th. The company reported ($0.24) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 23.2% on a year-over-year basis. On average, analysts predict that Amazon.com will post $-0.13 earnings per share for the current fiscal year.
Amazon.com, Inc (NASDAQ:AMZN) serves consumers through its retail websites and focus on selection, price, and convenience.
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