Amazon.com (NASDAQ:AMZN)‘s stock had its “sell” rating restated by equities research analysts at S&P Equity Research in a research note issued to investors on Monday, Analyst Ratings.Net reports.
A number of other analysts have also recently weighed in on AMZN. Analysts at Zacks reiterated an “outperform” rating on shares of Amazon.com in a research note on Friday. They now have a $405.00 price target on the stock. Separately, analysts at UBS AG cut their price target on shares of Amazon.com to $365.00 in a research note on Friday. They now have a “neutral” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Amazon.com from $425.00 to $400.00 in a research note on Friday. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $412.95.
Shares of Amazon.com (NASDAQ:AMZN) traded down 2.39% during mid-day trading on Monday, hitting $296.58. The stock had a trading volume of 14,477,410 shares. Amazon.com has a one year low of $245.75 and a one year high of $408.06. The stock has a 50-day moving average of $342. and a 200-day moving average of $362.1. The company has a market cap of $136.5 billion and a price-to-earnings ratio of 473.99.
Amazon.com (NASDAQ:AMZN) last released its earnings data on Thursday, April 24th. The company reported $0.23 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.18 earnings per share. Amazon.com’s revenue was up 22.8% compared to the same quarter last year. Analysts expect that Amazon.com will post $1.32 EPS for the current fiscal year.
Amazon.com, Inc (NASDAQ:AMZN) serves consumers through its retail websites and focus on selection, price, and convenience.
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.