Is Blue Apron Holdings Inc (APRN) Now a Sell? RBC Capital Downgrades Stock

March 14, 2018 - By reb123z

  Is Blue Apron Holdings Inc (APRN) Now a Sell? RBC Capital Downgrades Stock

Blue Apron Holdings Inc (APRN) Receives a Downgrade

Investment analysts at RBC Capital’s research division downgraded the rating for shares of Blue Apron Holdings Inc (APRN) to a Hold on Friday morning. RBC Capital now has a target price of $4.0 on APRN or approximately 85.19 % more upside.

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 stock of Blue Apron Holdings, Inc. (NYSE:APRN) earned “Buy” rating by Stifel Nicolaus on Thursday, August 10. The company was maintained on Friday, November 3 by Canaccord Genuity. The firm earned “Neutral” rating on Thursday, August 10 by Goldman Sachs. The stock has “Buy” rating by Needham on Friday, November 3. Barclays Capital downgraded the stock to “Underweight” rating in Friday, November 3 report. The firm earned “Hold” rating on Wednesday, February 14 by Stifel Nicolaus. The firm has “Hold” rating given on Thursday, November 30 by SunTrust. On Friday, August 4 the stock rating was maintained by Oppenheimer with “Buy”. Citigroup downgraded the shares of APRN in report on Friday, August 11 to “Neutral” rating. The firm earned “Equal-Weight” rating on Friday, August 11 by Barclays Capital.

The stock increased 0.47% or $0.01 during the last trading session, reaching $2.16. About 3.35 million 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: “Speculating On The Odds With Blue Apron” on February 20, 2018, also with their article: “Why Blue Apron Holding Inc Stock Got Crushed Today” published on March 08, 2018, published: “Blue Apron: No Closer To Recovery Than Before” on February 17, 2018. More interesting news about Blue Apron Holdings, Inc. (NYSE:APRN) were released by: and their article: “Meal Kits Make Walmart Inc Stock an Even Better Buy Now” published on March 14, 2018 as well as‘s news article titled: “Why Blue Apron Holding Inc. Stock Slipped Today” with publication date: March 05, 2018.

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