Nomura Gives Buy Rating to Amazon.com (AMZN)

By admin | 6 years ago

Amazon.com (NASDAQ: AMZN)‘s stock had its “buy” rating restated by equities researchers at Nomura (NYSE: NMR) in a report issued on Monday.

Shares of Amazon.com traded up 3.11% during mid-day trading on Monday, hitting $229.86. Amazon.com has a one year low of $166.97 and a one year high of $246.71. The company has a market cap of $103.6 billion and a P/E ratio of 184.09.

Amazon.com last issued its quarterly earnings data on Thursday, April 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.21. The company’s revenue for the quarter was up 33.8% on a year-over-year basis. On average, analysts predict that Amazon.com will post $0.13 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of Amazon.com from $225.00 to $240.00 in a research note to investors on Sunday, April 29th. They now have a “buy” rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Amazon.com from $220.00 to $255.00 in a research note to investors on Sunday, April 29th. They now have a “buy” rating on the stock. Finally, analysts at Benchmark Co. raised their price target on shares of Amazon.com from $210.00 to $260.00 in a research note to investors on Friday, April 27th.

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

About the author