Argus upgraded Amazon (NASDAQ:AMZN) from Hold to Buy in a report released today.
- Updated: September 21, 2016
Yesterday Amazon (NASDAQ:AMZN) traded 1.22% higher at $789.74. Amazon’s 50-day average is $768.87 and its two hundred day average is $696.70. With the last stock price close up 13.35% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 2,732,896 shares of Amazon exchanged hands, down from an avg. volume of 2,930,090
Argus has upgraded Amazon (NASDAQ:AMZN) from Hold to Buy in a statement released on 9/22/2016.
Previously on Friday September 16, 2016, RBC Capital Markets reported on Amazon (NASDAQ:AMZN) upped the target price from $840.00 to $1,000.00 that suggested an upside of 0.29%.
Amazon has a one year low of $474.00 and a one year high of $790.79 with a price-earnings ratio of 196.40 The company’s total market value is presently $0.
A total of 40 analysts have issued a report on the stock. Thirteen brokers rating the stock a strong buy, 28 firms rating the stock a buy, four brokerages rating the company a hold, zero analysts rating the company a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $802.92.
Brief Synopsis On Amazon (NASDAQ:AMZN)
Amazon.com, Inc. offers a range of products and services through its Websites. The Company's products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS). The Company's North America segment focuses on retail sales of consumer products from sellers and subscriptions, through its North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx. The Company's International segment includes export sales from its internationally focused Websites, including export sales from its sites to customers in the United States, Mexico and Canada. The Company's AWS segment focuses on the sales of compute, storage, database and other AWS service offerings for start-ups, enterprises, government agencies and academic institutions. The Company offers Amazon Prime, which is an annual membership program.
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