Stock Update (NASDAQ:AMZN): General Growth Properties CEO clarifies comment on Amazon

[Reuters] – General Growth Properties Inc said on Wednesday that a statement concerning Amazon.com Inc made by its chief executive, Sandeep Mathrani, was not intended to represent Amazon’s plans. Mathrani, responding … Read more on this. Amazon.com, Inc. (AMZN) , valued at $250.05B, opened at $553.10. Looking at today’s market, AMZN one day range is $521.90 to $556.00 with a trailing 52-week range being $358.23 to $696.44. AMZN shares are currently priced at 114.54x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 9.92x earnings multiple. Consensus earnings for the current quarter by the 36 sell-side analysts covering the stock is an estimate of $0.62 per share, which would be $0.62 worse than the year-ago quarter and a $0.22 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.82, which would be a $3.57 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 $27.92 Billion. If realized, that would be a 22.89% increase over the year-ago quarter. In terms of ratings, Susquehanna Initiated AMZN at Positive (Jan 15, 2016). Previously, Monness Crespi & Hardt downgraded AMZN from Buy to Neutral. The average price target for AMZN shares by the analysts covering it is $738.13, which is 33.45% above where the stock opened. See more in (NASDAQ:AMZN) Similar Articles: Stock Update (NASDAQ:AMZN): How Amazon.com Inc’s Cloud Business Is Doing In 5 Numbers Stock Update: Amazon.com Inc (NASDAQ:AMZN) – Crackdown: Amazon sues to stop phony product reviews Company Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon just soared past Apple in the streaming TV market