A Lower Rating Has Been Given to Blue Apron Holdings Inc (APRN) By a RBC Capital. $4.0 is The Target

March 14, 2018 - By Nellie Frank

  A Lower Rating Has Been Given to Blue Apron Holdings Inc (APRN) By a RBC Capital. $4.0 is The Target

Blue Apron Holdings Inc (APRN) Receives a Downgrade

Just today Blue Apron Holdings Inc (APRN) has been cut by research analysts working for RBC Capital to a solid Hold rating. This was announced in a an analyst note revealed on 1 December. The firm from today has a $4.0 target price per share on shares. RBC Capital’s target price per share would suggest a possible upside of 85.19 %.

Blue Apron Holdings, Inc. (NYSE:APRN) Ratings Coverage

Among 16 analysts covering Blue Apron (APRN), 4 have Buy rating, 1 Sell and 11 Hold. Therefore 25% are positive. Blue Apron has $14 highest and $2 lowest target. $6.36’s average target is 194.44% above currents $2.16 stock price. Blue Apron had 39 analyst reports since July 11, 2017 according to SRatingsIntel. The firm has “Hold” rating by Oppenheimer given on Monday, August 21. The stock of Blue Apron Holdings, Inc. (NYSE:APRN) has “Neutral” rating given on Friday, August 11 by Citigroup. The firm has “Neutral” rating given on Thursday, August 10 by Goldman Sachs. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, August 10 report. On Thursday, November 30 the stock rating was maintained by SunTrust with “Hold”. The firm earned “Hold” rating on Thursday, November 2 by Stifel Nicolaus. The firm has “Buy” rating given on Thursday, September 14 by RBC Capital Markets. Needham maintained Blue Apron Holdings, Inc. (NYSE:APRN) rating on Friday, November 3. Needham has “Buy” rating and $5.0 target. Barclays Capital downgraded the shares of APRN in report on Friday, November 3 to “Underweight” rating. Morgan Stanley maintained Blue Apron Holdings, Inc. (NYSE:APRN) on Wednesday, February 14 with “Equal-Weight” rating.

The stock increased 0.47% or $0.01 during the last trading session, reaching $2.16. About 3.35M shares traded or 5.69% up from the average. Blue Apron Holdings, Inc. (APRN) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await Blue Apron Holdings, Inc. (NYSE:APRN) to report earnings on May, 8. After $-0.20 actual earnings per share reported by Blue Apron Holdings, Inc. for the previous quarter, Wall Street now forecasts 25.00 % negative EPS growth.

Blue Apron Holdings, Inc. operates an e-commerce marketplace that delivers original recipes and fresh ingredients for making home cooking accessible. The company has market cap of $413.40 million. It provides original recipes with the pre-portioned ingredients to complement tastes and lifestyles of college graduates, young couples, families, singles, and empty nesters. It currently has negative earnings. The firm also offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals; and sells beef, poultry, and lamb products under the BN Ranch brand name.

More notable recent Blue Apron Holdings, Inc. (NYSE:APRN) news were published by: Fool.com which released: “Why Blue Apron Holding Inc. Stock Slipped Today” on March 05, 2018, also Seekingalpha.com with their article: “Blue Apron: No Closer To Recovery Than Before” published on February 17, 2018, Investorplace.com published: “Meal Kits Make Walmart Inc Stock an Even Better Buy Now” on March 14, 2018. More interesting news about Blue Apron Holdings, Inc. (NYSE:APRN) were released by: Fool.com and their article: “Is Blue Apron Holdings Inc. Headed to Zero?” published on March 14, 2018 as well as Fool.com‘s news article titled: “Why Blue Apron Holding Inc Stock Got Crushed Today” with publication date: March 08, 2018.

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