KeyBanc Keeps Their Hold Rating on Amazon

By Austin Angelo

In a report issued on June 21, Edward Yruma from KeyBanc reiterated a Hold rating on Amazon (NASDAQ: AMZN). The company’s shares closed yesterday at $1001.30, close to its 52-week high of $1017.

According to TipRanks.com, Yruma is a 3-star analyst with an average return of 2.8% and a 52.3% success rate. Yruma covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, American Apparel Inc, and Ascena Retail Group.

Amazon has an analyst consensus of Strong Buy, with a price target consensus of $1122.27.

Based on Amazon’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $35.71 billion and quarterly net profit of $724 million. In comparison, last year the company earned revenue of $29.13 billion and had a net profit of $513 million.

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