Nomura Securities Reiterates a 'Buy' on Amazon.com (AMZN) After Meeting with Manangement; Margins Bottom
Tweet
Share
E-mailGet Alerts AMZN Hot Sheet
Price: $262.87 +0.08%
Rating Summary:
68 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 20
Rating Summary:
68 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 20
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Industrial Robot Installations Hit Record Highs Amid Labor Shortage Crisis
- S&P 500 eyes record as retail slump, Iran risk set up pivotal week
- Deutsche Bank Downgrades SentinelOne Inc (S) to Hold on Valuation
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
NomuraSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
