Amazon.com Rating Increased to Buy at Nomura (AMZN)

By admin | 6 years ago

Amazon.com (NASDAQ: AMZN) was upgraded by analysts at Nomura (NYSE: NMR) to a “buy” rating in a research report issued to clients and investors on Friday. The firm currently has a $285.00 price target on the stock.

A number of other firms have also recently commented on AMZN. 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. Separately, 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. Finally, analysts at Goldman Sachs (NYSE: GS) 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 $300.00 price target on the stock, up previously from $182.00.

Shares of Amazon.com traded up 2.23% during mid-day trading on Friday, hitting $231.90. Amazon.com has a 52 week low of $166.97 and a 52 week high of $246.71. The company has a market cap of $105.5 billion and a P/E 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. On average, analysts predict that Amazon.com will post $0.23 earnings per share next quarter.

Amazon.com, Inc. (Amazon.com) serves consumers through its retail Websites and focuses on selection, price, and convenience.

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