Dangdang Stock Rating Lowered by Zacks (DANG)
Dangdang (NASDAQ:DANG) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Thursday, Stock Ratings Network reports. They currently have a $10.90 price target on the stock. Zacks‘ target price would suggest a potential upside of 11.79% from the company’s current price.
A number of other analysts have also recently weighed in on DANG. Analysts at Oppenheimer reiterated an “outperform” rating on shares of Dangdang in a research note to investors on Monday, November 18th. They now have a $11.00 price target on the stock, up previously from $9.50. Separately, analysts at HSBC cut their price target on shares of Dangdang from $12.63 to $12.00 in a research note to investors on Friday, November 15th. Finally, analysts at HSBC upgraded shares of Dangdang from a “neutral” rating to an “overweight” rating in a research note to investors on Thursday, November 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $34.11.
Dangdang (NASDAQ:DANG) traded up 2.09% on Thursday, hitting $9.75. The stock had a trading volume of 1,621,748 shares. Dangdang has a one year low of $3.70 and a one year high of $12.19. The stock’s 50-day moving average is $9.16 and its 200-day moving average is $9.02. The company’s market cap is $784.2 million.
Dangdang (NASDAQ:DANG) last posted its quarterly earnings results on Thursday, November 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.06. The company had revenue of $249.30 million for the quarter, compared to the consensus estimate of $261.72 million. During the same quarter in the previous year, the company posted ($0.20) earnings per share. The company’s revenue for the quarter was up 21.7% on a year-over-year basis.
E-Commerce China Dangdang Inc (NASDAQ:DANG) is a holding company.
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