Stock Update (NASDAQ:AMZN): Amazon.com Launches First-Ever Summer Toy List Featuring the Best Toys and Games for Summer Fun

[Business Wire] – – Amazon.com today launched its first-ever Summer Toy List , an interactive shopping experience built to help kids and parents get the most out of their summer. Read more on this. Amazon.com, Inc. (AMZN) , with a current value of $315.23B, began trading this morning at $673.31. During today’s session, AMZN traded between $666.45 to $676.49 with the price of the stock fluctuating between $418.36 to $696.44 over the last 52 weeks. AMZN shares are currently priced at 126.82x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.47x earnings multiple for the same period. In a review of the consensus earnings estimate this quarter, 38 sell-side analysts are looking at $1.13 per share, which would be $0.94 better than the year-ago quarter and a $0.15 sequential increase. The full-year EPS estimate is $5.29, which would be a $4.04 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $29.50 Billion. If reported, that would be a 27.26% increase over the year-ago quarter. More recently, Raymond James downgraded AMZN from Strong Buy to Outperform (Mar 22, 2016). Previously, Canaccord Genuity upgraded AMZN from Hold to Buy. The average price target for AMZN shares is $793.73, which is 17.88% above where the stock 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 Company Update (NASDAQ:AMZN): Google Express vs. Amazon Prime Now (GOOG, AMZN) Stock Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon to Open New Pickup Location at The University of Texas at Austin