Wolfe Research downgraded Amazon.com, Inc. (NASDAQ:AMZN) to Market Perform in a statement released today.
- Updated: April 20, 2017
Wolfe Research has downgraded Amazon.com, Inc. (NASDAQ:AMZN) to Market Perform in a report released on 4/20/2017.
On 4/17/2017, Credit Suisse released a statement for Amazon.com, Inc. (NASDAQ:AMZN) increased the target price from $900.00 to $1,050.00. At the time, this indicated a possible upside of 0.19%.
Yesterday Amazon.com, Inc. (NASDAQ:AMZN) traded -0.51% lower at $899.20. Amazon.com, Inc.’s 50-day moving average is $868.27 and its 200-day moving average is $815.78. The last stock price is up 10.23% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 2,865,377 shares of AMZN traded hands, down from an average trading volume of 3,308,910
Recent Performance Chart
With a total market value of $0, Amazon.com, Inc. has price-earnings ratio of 183.51 with a one year low of $599.20 and a one year high of $923.72 .
A total of 40 firms have reported on the stock. 13 brokerages rating the stock a strong buy, 28 brokers rating the stock a buy, 4 brokers rating the stock a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the stock a sell with a average stock price target of $802.92.
Brief Synopsis On Amazon.com, Inc. (NASDAQ:AMZN)
Amazon.com, Inc. offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx. The International segment primarily consists of retail sales of consumer products (including from sellers) and subscriptions through internationally-focused Websites, such as www.amazon.com.au, www.amazon.nl, www.amazon.es and www.amazon.co.uk. The AWS segment consists of sales of compute, storage, database, and other service offerings for start-ups, enterprises, government agencies and academic institutions. The Company's products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It manufactures and sells electronic devices.
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