Robert W. Baird Gives Outperform Rating to Amazon.com (AMZN)
Amazon.com (NASDAQ: AMZN)‘s stock had its “outperform” rating reiterated by investment analysts at Robert W. Baird in a note issued to investors on Friday.
Amazon.com traded up 2.23% on Friday, hitting $231.90. 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 $105.5 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.
AMZN has been the subject of a number of other recent research reports. Analysts at Nomura (NYSE: NMR) upgraded shares of Amazon.com to a “buy” rating in a research note to investors on Friday. They now have a $285.00 price target on the stock. Separately, analysts at Bank of America (NYSE: BAC) upgraded shares of Amazon.com from a “neutral” rating to a “buy” rating in a research note to investors on Friday. They now have a $270.00 price target on the stock, up previously from $235.00. Finally, analysts at SunTrust (NYSE: STI) upgraded shares of Amazon.com from a “neutral” rating to a “buy” rating in a research note to investors on Friday.
Amazon.com, Inc. (Amazon.com) serves consumers through its retail Websites and focuses on selection, price, and convenience.