Nomura Securities Reiterates a 'Buy' on Amazon.com (AMZN) After Meeting with Manangement; Margins Bottom
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Price: $260.92 -2.95%
Rating Summary:
26 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
26 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade AMZN Now!
Nomura Securities reiterates a 'Buy' on Amazon.com (NASDAQ: AMZN) price target of $285.00.
Analyst, Brian Nowak, said, "We now believe margins are nearing a bottom and may even be set to expand due to positive gross margin drivers. A focus on economic returns may further support profitability. An increase in FBA pick & pack fees, strategies around basket size and discount rationalization are small on their own, but may signal an increasing sense of economic discipline at AMZN. The decision to repurchase $1.2bn of stock in the past months maybe another sign of disciplined decision-making. No change to our F12E/F13E EPS at $1.16/$2.27 vs. Street at $1.19/$2.60, respectively."
For an analyst ratings summary and ratings history on Amazon.com click here. For more ratings news on Amazon.com click here.
Shares of Amazon.com closed at $209.23 yesterday, with a 52 week range of $166.97-$246.71.
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Analyst, Brian Nowak, said, "We now believe margins are nearing a bottom and may even be set to expand due to positive gross margin drivers. A focus on economic returns may further support profitability. An increase in FBA pick & pack fees, strategies around basket size and discount rationalization are small on their own, but may signal an increasing sense of economic discipline at AMZN. The decision to repurchase $1.2bn of stock in the past months maybe another sign of disciplined decision-making. No change to our F12E/F13E EPS at $1.16/$2.27 vs. Street at $1.19/$2.60, respectively."
For an analyst ratings summary and ratings history on Amazon.com click here. For more ratings news on Amazon.com click here.
Shares of Amazon.com closed at $209.23 yesterday, with a 52 week range of $166.97-$246.71.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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