[at Investor’s Business Daily] – Continuing on its quest to dominate speedy delivery, Amazon.com (AMZN) has added Atlanta and Miami to the cities where it provides restaurant food delivery service. Amazon Restaurants was launched in Seattle … Read more on this. Amazon.com, Inc. (AMZN) , valued at $340.99B, opened this morning at $729.92. Looking at today’s trading action, the company’s one day range from $720.55 to $730.00 and has traded between $419.14 and $731.50 over the past 12 months. AMZN shares are currently priced at 135.58x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.55x earnings multiple for the same period. Consensus earnings for the current quarter by the 34 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. In looking at the bigger picture, the full-year EPS estimate of $5.36 would be a $4.11 improvement when compared to the previous 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. With the above information in mind, readers should note that the average price target is $797.17, which is 9.21% above where the stock opened this morning. See more in (NASDAQ:AMZN) Similar Articles: Company Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon’s New Pilot Season, Featuring Award-Winning and Acclaimed Roster of Talent, Debuts June 17 on Amazon Video Company Update (NASDAQ:AMZN): Amazon dives into competitive San Francisco restaurant delivery business Company Update: Amazon.com Inc (NASDAQ:AMZN) – Why You Should Watch FB, GOOGL, AMZN Ahead Of Earnings