Vipshop Holdings Ltd – Upgraded by Deutsche Bank to “Buy” (VIPS)
Vipshop Holdings Ltd – (NASDAQ:VIPS) was upgraded by investment analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $66.00 price target on the stock, up from their previous price target of $43.00. Deutsche Bank’s target price would suggest a potential upside of 34.67% from the company’s current price.
The analysts wrote, “Channel checks suggest a rebound in VIPS traffic in Jul/Aug (a seasonally slow period) from June lows, significantly alleviating competitive concerns around the co, and reaffirming LT growth potential. We expect VIPS to benefit from its unique consignment model and improving fulfillment capabilities, which should solidify segment leadership. Near term op margin may be under pressure on frequent promotions. We hike PEG ratio to 0.8X, roll forward our val to FY14E and u/g to BUY on significant upside.”
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. initiated coverage on shares of Vipshop Holdings Ltd – (NASDAQ:VIPS) in a research note to investors on Friday, August 30th. They set an “overweight” rating on the stock. Separately, analysts at Zacks downgraded shares of Vipshop Holdings Ltd – (NASDAQ:VIPS) from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 2nd. They now have a $46.10 price target on the stock. Finally, analysts at 86 Research initiated coverage on shares of Vipshop Holdings Ltd – (NASDAQ:VIPS) in a research note to investors on Wednesday, July 24th. They set a “fair value” rating and a $54.00 price target on the stock.
Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Vipshop Holdings Ltd – presently has a consensus rating of “Buy” and an average target price of $44.27.
Shares of Vipshop Holdings Ltd – (NASDAQ:VIPS) traded up 9.94% during mid-day trading on Wednesday, hitting $53.88. The stock had a trading volume of 671,350 shares. Vipshop Holdings Ltd – has a one year low of $6.11 and a one year high of $50.68. The stock has a 50-day moving average of $44.22 and a 200-day moving average of $34.1. The company has a market cap of $2.981 billion and a P/E ratio of 132.10.
Vipshop Holdings Ltd – (NASDAQ:VIPS) last released its earnings data on Wednesday, August 14th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.01. The company had revenue of $351.30 million for the quarter, compared to the consensus estimate of $340.91 million. During the same quarter last year, the company posted ($0.08) earnings per share. Vipshop Holdings Ltd -’s revenue was up 159.7% compared to the same quarter last year. On average, analysts predict that Vipshop Holdings Ltd – will post $0.93 earnings per share for the current fiscal year.
Vipshop Holdings Limited (NASDAQ:VIPS) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.