[Business Wire] – — Amazon today announced the lineup for its next pilot season; a unique development process that gives all customers an opportunity to stream and review pilots in order to help choose the next Amazon Original Series that are then available to Prime Members. Read more on this. Amazon.com, Inc. (AMZN) , with a current value of $336.57B, began trading this morning at $708.33. A quick look at the market, the company’s stock traded between $707.29 and $713.83 with a one year range of $419.14 to $722.45. AMZN shares are currently priced at 132.65x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 3.65x forward p/e ratio. Consensus earnings for the current quarter by the 33 sell-side analysts covering the stock is an estimate of $1.10 per share, which would be $0.91 better than the year-ago quarter and a $0.14 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $5.34, which would be a $4.09 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 $29.57 Billion. If realized, that would be a 27.57% increase over the year-ago quarter. In terms of ratings, 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 $794.67, which is 12.19% above where the stock opened this morning. See more in (NASDAQ:AMZN) Similar Articles: Stock Update (NASDAQ:AMZN): Amazon.com Launches First-Ever Summer Toy List Featuring the Best Toys and Games for Summer Fun Company Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon Prime Video Adds the Latest Series from The Weinstein Company and Oscar and Emmy-winner Julian Fellowes, Julian Fellowes Presents Doctor Thorne, to its Original Series Lineup Market Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon Announces New In-Season Content Licensing Agreement with PBS to Bring Original Civil War-Era Drama Mercy Street to Prime Members