Amazon.com (NASDAQ: AMZN)‘s stock had its “outperform” rating reiterated by investment analysts at Sanford C. Bernstein in a note issued to investors on Tuesday. They currently have a $320.00 target price on the stock.
Amazon.com traded up 0.57% on Tuesday, hitting $274.67. Amazon.com has a 52-week low of $178.04 and a 52-week high of $284.72. The stock’s 50-day moving average is currently $266.9. The company’s market cap is $124.9 billion.
Amazon.com last announced its earnings results on Tuesday, January 29th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.06. The company had revenue of $21.27 billion for the quarter, compared to the consensus estimate of $22.27 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, analysts predict that Amazon.com will post $1.47 earnings per share for the current fiscal year.
AMZN has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Amazon.com in a research note to investors on Thursday, February 21st. They now have a $260.00 price target on the stock. Separately, analysts at Nomura cut their price target on shares of Amazon.com from $325.00 to $300.00 in a research note to investors on Wednesday, February 20th. They now have a “buy” rating on the stock. Finally, analysts at Piper Jaffray reiterated an “overweight” rating on shares of Amazon.com in a research note to investors on Wednesday, February 13th. They now have a $329.00 price target on the stock.
Twenty-four investment analysts have rated the stock with a buy rating, six have assigned an overweight rating, and eleven have given a hold rating to the company’s stock. Amazon.com currently has a consensus rating of “overweight” and an average price target of $318.00.
Amazon.com, Inc. (Amazon.com) serves consumers through its retail Websites and focuses on selection, price, and convenience.
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