The stocks of AMZN have been issued a rating of overweight by quite a few equities that have covered the firm. According to a report, the price target of the company is $4,600 as set by the analysts. The price target set by the brokerage indicates an annual increase of 31.73% on the previous close of the company.
The Stock Commentary of AMZN
There have been quite a few research equities that have commented on the stocks of AMZN. Piper Sandler has already increased the price target of the company from $3,903 to $4,300 with a rating of overweight in a 30th April research report. JMP Securities has also increased the price target of the company from $4,350 to $4,400 with a rating of buy in a 30th April research report.
Truist Securities has decided to increase the price target of the company from $3,750 to $4,000 with a rating of buy in a 30th April research report. In the end, Evercore ISI decided to increase the price target of the company from $4,000 to $4,500 with a rating of outperform in a 30th April research report.
Two of the investment analysts have already given the company a rating of hold, while forty-six others have issued the company a rating of buy. Currently, AMZN has a buy rating with a $4,168 price target.
The stocks of AMZN traded on Friday at $2.76. The debt-to-equity ratio of the company is 0.31, with a 0.85 quick ratio, along with a 1.05 current ratio. The year low of the company was $2,630, with the year high set at $3,554. The moving average price of the company over a period of 50 days is $3,306. The market cap of the firm is $1.76 billion, with a PE ratio of 66.51.
AMZN previously announced its quarterly earnings on the 28th of April. The EPS reported by the company during this period was $15.79, with the consensus estimate of $9.54. The revenue generated by the company during this period was $108.52 billion, with a consensus estimate of $105.23 billion. The return on equity for the company was 30.47%, with a 6.42% net margin.
