Blue Apron Holdings Inc (APRN) Receives $6.29 Consensus Target Price from Brokerages
Shares of Blue Apron Holdings Inc (NYSE:APRN) have earned a consensus rating of “Hold” from the nineteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $6.29.
APRN has been the subject of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price objective (down from $6.50) on shares of Blue Apron in a research note on Friday, November 3rd. Canaccord Genuity cut their target price on Blue Apron from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Gabelli initiated coverage on Blue Apron in a research note on Friday, February 2nd. They set a “buy” rating and a $6.00 target price for the company. Barclays raised Blue Apron from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $3.00 to $4.00 in a research note on Monday, December 4th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $6.00 target price on shares of Blue Apron in a research note on Friday, November 3rd.
Blue Apron (NYSE APRN) traded up $0.08 on Friday, reaching $3.34. The company’s stock had a trading volume of 2,143,999 shares, compared to its average volume of 2,161,604. The company has a quick ratio of 2.73, a current ratio of 3.15 and a debt-to-equity ratio of 0.48. Blue Apron has a 12-month low of $2.94 and a 12-month high of $11.00.
Several institutional investors and hedge funds have recently added to or reduced their stakes in APRN. FMR LLC acquired a new stake in shares of Blue Apron in the 2nd quarter worth approximately $42,090,000. River & Mercantile Asset Management LLP grew its holdings in shares of Blue Apron by 113.9% in the 4th quarter. River & Mercantile Asset Management LLP now owns 2,222,005 shares of the company’s stock worth $8,966,000 after acquiring an additional 1,183,136 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Blue Apron in the 2nd quarter worth approximately $6,239,000. Vanguard Group Inc. acquired a new stake in shares of Blue Apron in the 2nd quarter worth approximately $4,892,000. Finally, Westpac Banking Corp grew its holdings in shares of Blue Apron by 170.2% in the 4th quarter. Westpac Banking Corp now owns 576,324 shares of the company’s stock worth $2,323,000 after acquiring an additional 363,044 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Blue Apron Holdings Inc (APRN) Receives $6.29 Consensus Target Price from Brokerages” was first posted by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2018/02/12/blue-apron-holdings-inc-aprn-receives-6-29-consensus-target-price-from-brokerages.html.
About Blue Apron
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.
Receive News & Ratings for Blue Apron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Apron and related companies with MarketBeat.com's FREE daily email newsletter.