Amazon.com Receives “A-” Credit Rating from Morningstar (AMZN)
Amazon.com (NASDAQ:AMZN) has been given an “A-” credit rating by Morningstar. The firm’s “A-” rating indicates that the company is a low default risk. They also issued a negative credit outlook for the company and gave their stock a four star rating.
AMZN has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “positive” rating on shares of Amazon.com in a research note on Tuesday, August 26th. Separately, 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. Finally, analysts at Robert W. Baird reiterated an “outperform” rating on shares of Amazon.com in a research note on Wednesday, August 6th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. Amazon.com presently has an average rating of “Buy” and a consensus price target of $408.04.
Amazon.com (NASDAQ:AMZN) opened at 339.04 on Tuesday. Amazon.com has a 1-year low of $284.17 and a 1-year high of $408.06. The stock’s 50-day moving average is $334.2 and its 200-day moving average is $332.2. The company has a market cap of $156.6 billion and a P/E ratio of 867.40.
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 $-0.14 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.
To view more credit ratings from Morningstar, visit www.morningstar.com.
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