Blue Apron Holdings’ (APRN) Outperform Rating Reiterated at Royal Bank Of Canada

Blue Apron Holdings Inc (NASDAQ:APRN)‘s stock had its “outperform” rating reissued by research analysts at Royal Bank Of Canada in a research report issued on Friday. They currently have a $6.00 price target on the stock, down from their previous price target of $8.00.

APRN has been the topic of a number of other reports. Citigroup Inc. cut Blue Apron Holdings from a “buy” rating to a “neutral” rating and cut their price target for the company from $10.00 to $5.50 in a research note on Friday, August 11th. CIBC began coverage on Blue Apron Holdings in a research note on Monday, July 24th. They issued an “outperform” rating and a $11.00 price target on the stock. Northcoast Research began coverage on Blue Apron Holdings in a research report on Tuesday, July 11th. They set a “sell” rating and a $2.00 target price on the stock. Zacks Investment Research cut Blue Apron Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, Goldman Sachs Group, Inc. (The) began coverage on Blue Apron Holdings in a research report on Monday, July 24th. They set a “buy” rating and a $11.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $7.46.

Blue Apron Holdings (NASDAQ:APRN) last posted its quarterly earnings results on Thursday, August 10th. The company reported ($0.47) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.21). The business had revenue of $238.10 million during the quarter, compared to the consensus estimate of $235.78 million. The business’s revenue was up 17.9% compared to the same quarter last year.

TRADEMARK VIOLATION NOTICE: This news story was first published by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://www.com-unik.info/2017/11/03/blue-apron-holdings-aprn-outperform-rating-reiterated-at-royal-bank-of-canada.html.

Institutional investors and hedge funds have recently bought and sold shares of the company. Obermeyer Wood Investment Counsel Lllp purchased a new position in shares of Blue Apron Holdings during the second quarter worth about $110,000. Royal Bank of Canada purchased a new position in shares of Blue Apron Holdings during the second quarter worth about $141,000. Legal & General Group Plc purchased a new position in shares of Blue Apron Holdings during the second quarter worth about $187,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Blue Apron Holdings during the second quarter worth about $220,000. Finally, SG Americas Securities LLC purchased a new position in shares of Blue Apron Holdings during the second quarter worth about $264,000.

About Blue Apron Holdings

Blue Apron Holdings, Inc is a holding company. The Company is focused on providing recipes and fresh ingredients for making home cooking accessible. The Company offers under a novel business model in which it source, process, store and package meal ingredients and ship them directly to consumers. The Company’s core products include Meals and Wine.

Analyst Recommendations for Blue Apron Holdings (NASDAQ:APRN)

What are top analysts saying about Blue Apron Holdings Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Blue Apron Holdings Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit