Company Update (NASDAQ:AMZN): Online Sales Taxes Reduce Amazon’s Sales Then Why Is Amazon In Favour Of Online Sales Taxes?

Amazon.com Inc (NASDAQ:AMZN) [at Forbes] – It’s always rather puzzling to see someone, or a corporation, arguing in favour of a public policy which seems to militate against their own direct interests. So it is with Amazon supporting the idea that all online retailers should have to collect sales taxes for the States that they’re delivering [...]
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Amazon.com Inc. (AMZN), valued at $141.31B, opened this morning at $306.37.

Looking at the stock, its one day range is $305.00 to $309.39 with its 52-week range being $252.91 to $408.06.

Priced at 275.01x this year’s forecasted earnings, AMZN shares are relatively expensive compared to the industry’s 15.46x forward p/e ratio.

According to a consensus of 36 analysts, the earnings estimate of $-0.13 per share would be $0.00 better than the year-ago quarter and a $0.25 sequential increase. The full-year EPS estimate is $1.12, which would be a $0.53 better than last year.

The quarterly earnings estimate is predicated on a consensus revenue forecast of $19.31 Billion. If reported, that would be a 22.99% increase over the year-ago quarter.

In terms of ratings, Argus upgraded AMZN from Hold to Buy (Apr 16, 2014). Previously, UBS downgraded AMZN from Buy to Neutral.

The average price target for AMZN shares is $419.33, which is 36.87% above where the stock opened this morning.

Tag Helper ~ Stock Code: AMZN | Common Company name: Amazon | Full Company name: Amazon.com Inc (NASDAQ:AMZN) .

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