Blue Apron Holdings Inc (NASDAQ:APRN)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank Of Canada in a research report issued on Friday. They presently have a $6.00 price target on the stock, down from their previous price target of $8.00. Royal Bank Of Canada’s price target would suggest a potential upside of 54.64% from the stock’s previous close.

APRN has been the subject of several other research reports. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th. They issued a “buy” rating and a $11.00 price objective for the company. Zacks Investment Research lowered shares of Blue Apron Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $5.50 price objective on shares of Blue Apron Holdings in a research note on Tuesday, October 24th. Citigroup Inc. started coverage on shares of Blue Apron Holdings in a research note on Tuesday, July 25th. They set a “buy” rating and a $10.00 price target for the company. Finally, Northcoast Research started coverage on shares of Blue Apron Holdings in a research note on Tuesday, July 11th. They set a “sell” rating and a $2.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. Blue Apron Holdings presently has a consensus rating of “Hold” and an average target price of $7.12.

Blue Apron Holdings (NASDAQ:APRN) traded up $0.09 during trading hours on Friday, reaching $3.88. 2,111,140 shares of the company’s stock traded hands, compared to its average volume of 2,130,000. Blue Apron Holdings has a 52-week low of $3.56 and a 52-week high of $11.00.

Blue Apron Holdings (NASDAQ:APRN) last posted its quarterly earnings data on Thursday, November 2nd. The company reported ($0.47) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.43) by ($0.04). The business had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $191.47 million. The business’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted ($0.56) EPS.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/royal-bank-of-canada-reiterates-outperform-rating-for-blue-apron-holdings-inc-aprn/1683823.html.

A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC purchased a new position in Blue Apron Holdings in the 2nd quarter valued at approximately $42,090,000. Capital World Investors purchased a new position in Blue Apron Holdings in the 2nd quarter valued at approximately $36,476,000. JPMorgan Chase & Co. purchased a new position in Blue Apron Holdings in the 2nd quarter valued at approximately $31,439,000. Victory Capital Management Inc. purchased a new position in Blue Apron Holdings in the 2nd quarter valued at approximately $14,010,000. Finally, Laurion Capital Management LP purchased a new position in Blue Apron Holdings in the 2nd quarter valued at approximately $10,274,000.

Blue Apron Holdings Company Profile

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)

Receive News & Ratings for Blue Apron Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Apron Holdings Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.