Lightinthebox Holding Co Ltd-ADR Stock Rating Lowered by Credit Suisse (LITB)
Lightinthebox Holding Co Ltd-ADR (NASDAQ:LITB) was downgraded by equities researchers at Credit Suisse from a “neutral” rating to an “underperform” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $14.00 target price on the stock, down from their previous target price of $16.50. Credit Suisse’s target price indicates a potential downside of 27.35% from the company’s current price. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of Lightinthebox Holding Co Ltd-ADR in a research note to investors on Tuesday, July 2nd. They set a “hold” rating on the stock. Separately, analysts at Oppenheimer initiated coverage on shares of Lightinthebox Holding Co Ltd-ADR in a research note to investors on Tuesday, July 2nd. They set an “outperform” rating and a $17.00 price target on the stock. Finally, analysts at Pacific Crest initiated coverage on shares of Lightinthebox Holding Co Ltd-ADR in a research note to investors on Monday, July 1st. They set a “sector perform” rating on the stock.
Lightinthebox Holding Co Ltd-ADR (NASDAQ:LITB) opened at 19.27 on Tuesday. Lightinthebox Holding Co Ltd-ADR has a 52 week low of $11.09 and a 52 week high of $23.38. The stock has a 50-day moving average of $16.87 and a 200-day moving average of $16.08. The company’s market cap is $943.4 million.
Lightinthebox Holding Co Ltd-ADR (NASDAQ:LITB) last issued its quarterly earnings data on Monday, August 19th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.04. The company had revenue of $72.20 million for the quarter, compared to the consensus estimate of $75.79 million. The company’s revenue for the quarter was up 52.6% on a year-over-year basis. Analysts expect that Lightinthebox Holding Co Ltd-ADR will post $0.36 EPS for the current fiscal year.
Lightinthebox Holding Co, Ltd. is a global online retail company that delivers products directly to consumers globally.
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