Amazon.com, Inc. (NASDAQ:AMZN).
July 29 investment analysts at JP Morgan maintained a stock rating of “Buy” but raised the price target to $900.00 from $822.00. On July 29 Jefferies kept the company rating at “Buy” but moved up the price target from $775.00 to $900.00.
July 29 investment analysts at Deutsche Bank maintained a company rating of “Buy” but raised the price expectation from $725.00 to $900.00. July 29 investment analysts at Citigroup made no change to the company rating of “Buy” and raised the price expectation to $900.00 from $811.00.
On July 29 JMP Securities left the company rating at “Buy” and raised the price target to $900.00 from $740.00.
The company is so far trading up since yesterday’s close of $799.16. It is trading at $816.11 barely above $773.95, the 50 day moving average and a tad above the 200 day moving average of $704.76. The 50 day moving average moved up $42.16 and the 200 day average went up by +15.80%.
The company’s P/E ratio is 202.96 and the market value is 386.90B. In the latest earnings report the EPS was $4.02 and is projected to be $5.81 for the current year with 474,073,000 shares outstanding. Next quarter’s EPS is forecasted to be $2.13 with next year’s EPS projected to be $10.48.
Short traders are feeling a little more bearish on shares of the company lately considering the increase in short interest. The firm recorded a rise in short interest of 0.00% as of September 15, 2016 from the last reporting period. Short interest increased 7,102 over that period. Days to cover decreased from 2.4 to 1.6 and the short interest percentage is 0.01% as of September 15.