Vipshop Holdings Ltd – Hits New 52-Week High at $109.67 (VIPS)
Shares of Vipshop Holdings Ltd – (NASDAQ:VIPS) hit a new 52-week high during mid-day trading on Wednesday, Analyst Ratings Network reports. The stock traded as high as $109.67 and last traded at $107.31, with a volume of 925,711 shares trading hands. The stock had previously closed at $104.73.
VIPS has been the subject of a number of recent research reports. Analysts at Bank of America Corp. initiated coverage on shares of Vipshop Holdings Ltd – in a research note to investors on Thursday, January 16th. They set a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of Vipshop Holdings Ltd – from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 14th. They now have a $94.60 price target on the stock. Finally, analysts at UBS AG initiated coverage on shares of Vipshop Holdings Ltd – in a research note to investors on Monday, January 13th. They set a “buy” rating and a $110.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $69.46.
Vipshop Holdings Ltd – has a 1-year low of $17.45 and a 1-year high of $108.48. The stock has a 50-day moving average of $88.6 and a 200-day moving average of $66.28. The company has a market cap of $5.944 billion and a P/E ratio of 178.42.
Vipshop Holdings Ltd – (NASDAQ:VIPS) last announced its earnings results on Monday, November 11th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.05. The company had revenue of $383.70 million for the quarter, compared to the consensus estimate of $364.65 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 146.1% on a year-over-year basis. On average, analysts predict that Vipshop Holdings Ltd – will post $1.04 earnings per share for the current fiscal year.
Vipshop Holdings Limited (NASDAQ:VIPS) is a holding company.
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