Stock Update: Amazon.com Inc (NASDAQ:AMZN) – Rumors suggest Amazon’s game console project is still alive

Amazon.com Inc (NASDAQ:AMZN) [at Engadget] – No matter how many times Amazon denies that it’s developing a set-top box, the rumors continue to pop up once every six months or so. VG 24/7 is reporting that the company is still working on an Android …
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Amazon.com Inc. (AMZN), currently valued at $179.99B, opened at $387.40.
 
Looking at the equity, the company’s one day range is $387.30 to $394.40 with the price of the stock fluctuating between $245.75 to $408.06 over the last 52 weeks.
 
AMZN shares are currently priced at 501.66x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 45.65x earnings multiple for the same period.
 

 
Consensus earnings for the current quarter by the 39 sell-side analysts covering the stock is an estimate of $0.67 per share, which would be $0.46 better than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $0.77, which would be a $0.86 better than last year.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $26.06 Billion. If reported, that would be a 22.52% increase over the year-ago quarter.
 
In terms of ratings, Standpoint Research Initiated AMZN at Sell (Oct 28, 2013). Previously, UBS upgraded AMZN from Neutral to Buy.
 
With the above information in mind, readers should note that the average price target is $423.69, which is 9.37% above where the stock opened this morning.
 
Amazon.com Inc (NASDAQ:AMZN), operates as an online retailer in North America and internationally. The company operates in two segments, North America and International. It operates retail Websites, such as amazon.com and amazon.ca, which include merchandise and content purchased for resale from vendors and those offered by third-party sellers.
 
Tag Helper ~ Stock Code: AMZN | Common Company name: Amazon | Full Company name: Amazon.com Inc (NASDAQ:AMZN) .

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