Canaccord Genuity Reiterates Hold on Amazon.com (AMZN)
Amazon.com (NASDAQ: AMZN)‘s stock had its “hold” rating restated by analysts at Canaccord Genuity in a research report issued to clients and investors on Friday.
Other equities research analysts have also recently issued reports about the stock. Analysts at Benchmark Co. reiterated a “buy” rating on shares of Amazon.com in a research note to investors on Friday. Separately, analysts at Deutsche Bank (NYSE: DB) reiterated a “buy” rating on shares of Amazon.com in a research note to investors on Friday. They now have a $285.00 price target on the stock, up previously from $235.00. Finally, analysts at JPMorgan Chase (NYSE: JPM) raised their price target on shares of Amazon.com from $210.00 to $250.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock.
Amazon.com traded up 2.78% on Friday, hitting $233.15. Amazon.com has a 1-year low of $166.97 and a 1-year high of $246.71. The company has a market cap of $106.1 billion and a price-to-earnings ratio of 165.58.
The company last announced its quarterly results on Thursday, April 26th. It reported $0.28 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.07 EPS by $0.21. The company’s quarterly revenue was up 33.8% on a year-over-year basis. Analysts expect that Amazon.com will post $0.23 EPS next quarter.
Amazon.com, Inc. (Amazon.com) serves consumers through its retail Websites and focuses on selection, price, and convenience.