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Market Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon Announces Lineup of Original Family Music Exclusively Streaming on Prime Music

[Business Wire] – SEATTLE–(BUSINESSWIRE)– ( NASDAQ:AMZN – News)—Amazon today announced that customers and Prime members in the US, UK, Germany, Austria and Japan have access to new original music for the entire family with the release of the album Novelties from Recess Monkey. Prime members can listen to Novelties on Prime Music at no additional cost to their membership on compatible devices, including Amazon Echo, Fire devices, iPads, iPhones, Android devices, Sonos players and more. In addition, Recess Monkey’s album is available for digital download or physical purchase on Amazon Music at www.amazon.com/Novelties-Recess-Monkey. Read more on this. Amazon.com, Inc. (AMZN) , currently valued at $331.32B, opened at $718.20. Looking at today’s trading action, the company’s one day range from $701.50 to $718.20 with its 52-week range being $425.57 to $731.50. Priced at 132.87x this year’s forecasted earnings, AMZN shares are relatively expensive compared to the industry’s 10.44x forward p/e ratio. According to a consensus of 35 analysts, the earnings estimate of $1.10 per share 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 $5.40 would be a $4.15 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $29.58 Billion. If reported, that would be a 27.61% increase over the year-ago quarter. More recently, 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 $800.92, which is 11.52% above where the stock opened this morning. See more in (NASDAQ:AMZN) Similar Articles: Company Update (NASDAQ:AMZN): Can Twitter and Amazon Hit the Right Notes With Music Streaming? Company Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon Releases Songs of Summer—A Collection of Original Recordings Exclusively Streaming on Prime Music 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
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