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Stifel Nicolaus Reiterates Hold Rating for Blue Apron Holdings Inc (APRN)

Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The firm now has a $3.00 target price on shares. APRN stock made its way almost 5% higher after the figures proved that the third quarter was bad rather than appalling, but hours after the post-earnings pop, the share price resumed its downward trajectory. Barclays Capital's target would suggest a possible downside of -20.84 % for the stock. 2,111,140 shares of the stock traded hands, compared to its average volume of 2,130,000. Analysts have a mean recommendation of 2.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Returns and Valuations for Blue Apron Holdings, Inc.

TRADEMARK VIOLATION WARNING: "Blue Apron Holdings Inc (APRN) Cut to "Underweight" at Barclays PLC" was posted by Week Herald and is the property of of Week Herald. Blue Apron has $6 highest and $3 lowest target. The rating was maintained by RBC Capital Markets with "Outperform" on Friday, November 3.

Wall Street await Blue Apron Holdings Inc (NYSE:APRN) to release earnings on November, 9. Oppenheimer Holdings, Inc. started coverage on Blue Apron Holdings in a research report on Monday, July 24th.

Checking out a public company's Earnings per Share (EPS) is a smart way of assessing its profitability. The firm earned "Underweight" rating on Friday, November 3 by Barclays Capital.

ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. Management guided for revenue to be between $169.4 million and $189.4 million during the fourth quarter. If you are reading this article on another domain, it was illegally copied and republished in violation of US & global copyright laws. The original version of this piece can be accessed at https://stocknewstimes.com/2017/11/06/barclays-plc-downgrades-blue-apron-holdings-inc-aprn-to-underweight.html.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Obermeyer Wood Investment Counsel Lllp acquired a new stake in Blue Apron Holdings in the second quarter worth approximately $110,000. Finally, Bank of New York Mellon Corp acquired a new stake in Blue Apron Holdings in the third quarter valued at $120,000. Royal Bank of Canada acquired a new stake in Blue Apron Holdings in the second quarter valued at $141,000. Legal & General Group Plc acquired a new stake in Blue Apron Holdings in the second quarter valued at $187,000. Empyrean Capital Partners LP bought a new position in Blue Apron Holdings during the 2nd quarter worth approximately $934,000. Blue Apron's applauded 3% revenue gains are actually part of a much larger, and more concerning, decline. The Firm offers under a novel business model in which it source, process, store and package meal ingredients and ship them directly to consumers.



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