How Bad Does Blue Apron Holdings Inc (APRN) Look Now? RBC Capital Has Just Downgraded Shares

March 14, 2018 - By Michael Collier

  How Bad Does Blue Apron Holdings Inc (APRN) Look Now? RBC Capital Has Just Downgraded Shares

Blue Apron Holdings Inc (APRN) Receives a Downgrade

Blue Apron Holdings Inc (APRN)‘s stock was downgraded to a solid “Hold” by stock research analysts at RBC Capital, who now has a target of $4.0. Their target is 85.19 % from APRN’s current share price.

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. As per Friday, August 4, the company rating was maintained by Oppenheimer. The rating was downgraded by Citigroup on Friday, August 11 to “Neutral”. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, February 13. The stock has “Hold” rating by SunTrust on Friday, August 11. Needham maintained the shares of APRN in report on Friday, November 3 with “Buy” rating. The firm earned “Hold” rating on Tuesday, February 13 by SunTrust. On Friday, August 18 the stock rating was downgraded by Stifel Nicolaus to “Hold”. The firm earned “Underweight” rating on Friday, November 3 by Barclays Capital. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, November 2. Stifel Nicolaus maintained Blue Apron Holdings, Inc. (NYSE:APRN) rating on Thursday, August 10. Stifel Nicolaus has “Buy” rating and $800 target.

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 EPS 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: which released: “Why Blue Apron Holding Inc Stock Got Crushed Today” on March 08, 2018, also with their article: “Why Blue Apron Holding Inc. Stock Slipped Today” published on March 05, 2018, published: “Is Blue Apron Holdings Inc. Headed to Zero?” on March 14, 2018. More interesting news about Blue Apron Holdings, Inc. (NYSE:APRN) were released by: and their article: “Blue Apron: No Closer To Recovery Than Before” published on February 17, 2018 as well as‘s news article titled: “Blue Apron Holdings Inc Stock Surges on Q4 Earnings Beat” with publication date: February 13, 2018.

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