Nomura Securities Reiterates a 'Buy' on Amazon.com (AMZN); We Have A (Secular) Winner!
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Price: $261.74 -0.02%
Rating Summary:
26 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
26 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade AMZN Now!
Nomura Securities reiterates a 'Buy' on Amazon.com (NASDAQ: AMZN) price target of $285.00.
Analyst, Brian Nowak, said, "Our AMZN investment thesis is grounded in the company’s ability to take share from traditional channels. The catalyst for our upgrade (March 2012) was an improving margin picture. Margin improvement can come from multiple sources, and in the following note we analyze and map AMZN’s evolving fulfillment footprint and how it is positioning the company to continue to get closer to the customer, and thereby generate lower shipping costs over time. We are therefore reducing our shipping cost per unit expectations and raising our ‘12E gross margins by 33bp to 23.5%. We continue to recommend AMZN as a secular winner with an improving margin profile. F12E EPS from $1.16 to $1.33; F13E EPS from $2.27 to $2.73."
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 $216.93 yesterday, with a 52 week range of $166.97-$246.71.
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Analyst, Brian Nowak, said, "Our AMZN investment thesis is grounded in the company’s ability to take share from traditional channels. The catalyst for our upgrade (March 2012) was an improving margin picture. Margin improvement can come from multiple sources, and in the following note we analyze and map AMZN’s evolving fulfillment footprint and how it is positioning the company to continue to get closer to the customer, and thereby generate lower shipping costs over time. We are therefore reducing our shipping cost per unit expectations and raising our ‘12E gross margins by 33bp to 23.5%. We continue to recommend AMZN as a secular winner with an improving margin profile. F12E EPS from $1.16 to $1.33; F13E EPS from $2.27 to $2.73."
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 $216.93 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
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