Stock Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon, Microsoft join REI, Group Health, ask state Supreme Court to rule against LGBT discrimination

[at American City Business Journals] – Amazon and Microsoft are among the largest Washington companies to file a legal document asking the state Supreme Court to uphold a ruling against a south Central Washington florist who refused to provide flowers for a same-sex wedding. A Superior Court judge in February 2015 ruled Richland-based Arlene’s Flowers and the company’s owner, Barronelle Stutzman, violated the Consumer Protection Act when she refused service to a gay couple two years prior. Stutzman appealed the decision to the state Supreme Court. Read more on this. Amazon.com, Inc. (AMZN) , with a current market cap of $334.96B, opened at $714.90. Shares have traded today between $706.51 and $719.25 per share with a trailing 52-week range being $418.36 to $722.45. AMZN shares are currently priced at 134.44x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 4.76x earnings multiple for the same period. Consensus earnings for the current quarter by the 33 sell-side analysts covering the stock is an estimate of $1.10 per share, which would be $0.91 better than the year-ago quarter and a $0.14 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $5.34, which would be a $4.09 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $29.57 Billion. If realized, that would be a 27.57% increase over the year-ago quarter. Recently, Raymond James downgraded AMZN from Strong Buy to Outperform (Mar 22, 2016). Previously, Canaccord Genuity upgraded AMZN from Hold to Buy. Given all the information above, we should disclose to readers that the average price target is $793.26, which is 10.96% above than it opened this morning. See more in (NASDAQ:AMZN) Similar Articles: Company Update: Amazon.com Inc (NASDAQ:AMZN) – Why You Should Watch FB, GOOGL, AMZN Ahead Of Earnings Stock Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon to Open New Pickup Location at The University of Texas at Austin Market Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon ranks No. 1 among ‘Cloud City’ companies