Amazon.com’s “Positive” Rating Reiterated at Jefferies Group (AMZN)
Amazon.com (NASDAQ:AMZN) opened at 334.02 on Tuesday. Amazon.com has a one year low of $279.33 and a one year high of $408.06. The stock’s 50-day moving average is $332.9 and its 200-day moving average is $332.4. The company has a market cap of $154.3 billion and a P/E ratio of 845.89.
Amazon.com (NASDAQ:AMZN) last released its earnings data on Thursday, July 24th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. Analysts expect that Amazon.com will post $-0.14 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of Amazon.com in a research note on Wednesday, August 13th. They set a “hold” rating and a $330.00 price target on the stock. Separately, analysts at Robert W. Baird reiterated an “outperform” rating on shares of Amazon.com in a research note on Wednesday, August 6th. Finally, 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. Three analysts have rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. Amazon.com has an average rating of “Buy” and a consensus target price of $408.04.
Amazon.com, Inc (NASDAQ:AMZN) serves consumers through its retail websites and focus on selection, price, and convenience.
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