Notable Upgrades: Amazon.com (AMZN), Microsoft (MSFT), Cablevision Systems (CVC), Merit Medical (MMSI), Gigamon (GIMO)

Analysts at JP Morgan (JPM) are out with a report today upgrading shares of Amazon.com Inc. (AMZN) with an ‘Overweight‘ from ‘Neutral‘ rating. The investment bank raised its price target for the company to $535 from $375.

Amazon.com Inc. shares have a forward P/E of 192.39 and a t-12 price/sales ratio of 2.04. EPS for the same period is ($0.52).

In the past 52 weeks, shares of Seattle, Washington-based e-commerce giant have traded between a low of $284.00 and a high of $452.65 and are now at $447.97. Shares are up 32.79% year-over-year and 44.26% year-to-date.

Analysts at Nomura upgraded their rating on the shares of Microsoft Corporation (MSFT). In a research note published on Friday, the firm lifted the name with a ‘Buy‘ from ‘Neutral‘ rating.

On valuation measures, Microsoft Corp. shares are currently priced at 19.08x this year’s forecasted earnings compared to the industry’s 20.25x earnings multiple. Ticker has a PEG and forward P/E ratio of 2.50 and 16.64, respectively. Price/Sales for the same period is 3.80 while EPS is $2.48. Currently there are 16 analysts that rate MSFT a ‘Buy‘, 14 rate it a ‘Hold‘. 3 analysts rate it a ‘Sell‘. MSFT has a median Wall Street price target of $48.00 with a high target of $55.00.

Cablevision Systems Corporation (CVC) was raised to ‘Hold‘ from ‘Sell‘ at Brean Capital on Friday.

CVC is up $0.61 at $20.02 on heavy volume. Midway through trading Friday, 7.04 million shares of Cablevision Systems have exchanged hands as compared to its average daily volume of 2.86 million shares. The stock ranged in a price between $19.41-$20.20 after having opened the day at $19.59 as compared to the previous trading day’s close of $19.41.

In the past 52 weeks, shares of New York-based company have traded between a low of $16.11 and a high of $21.97. Shares are up 19.54% year-over-year ; down 5.16% year-to-date.

Merit Medical Systems, Inc. (MMSI) was upgraded to ‘Outperform‘ from ‘Market Perform‘ by Barrington Research analysts on Friday.

MMSI is currently printing a higher than average trading volume with the issue trading 900K shares, compared to the average volume of 209K. The stock began trading this morning at $19.82 to currently trade 4.83% higher from the prior days close of $19.24. On an intraday basis it has gotten as low as $19.33 and as high as $20.42.

Merit Medical Systems Inc. shares are priced at 38.06x this year’s forecasted earnings, compared to the industry’s 72.45x earnings multiple. The company’s current year and next year EPS growth estimates stand at 10.30% and 11.60% compared to the industry growth rates of (1.2%) and 18.50%, respectively. MMSI has a t-12 price-to-sales ratio of 1.66. EPS for the same period registers at $0.53.

MMSI shares have advanced 0.31% in the last 4 weeks and 20.25% in the past three months. Over the past 5 trading sessions the stock has gained 0.84%. The $886.57 million market cap company is up 45.21% year-over-year, compared with a 13.39% gain in the S&P 500 index.

Gigamon Inc. (GIMO) had its rating hiked to ‘Buy‘ from ‘Neutral‘ by DA Davidson today. The firm currently has a $32 price target on the stock, up from their previous price target of $22.

GIMO shares recently gained $5.83 to $29.42. The stock is up 45.17% year-over-year and has gained roughly 33% year-to-date. In the past 52 weeks, shares of Santa Clara, California-based company have traded between a low of $9.95 and a high of $29.47.

Gigamon Inc. closed Thursday at $23.59. The name has a total market cap of $975.06 million.

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