Dangdang Given Average Recommendation of “Hold” by Analysts (NASDAQ:DANG)
Shares of Dangdang (NASDAQ:DANG) have received an average recommendation of “Hold” from the eight brokerages that are covering the stock, Analyst RN reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $12.37.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of Dangdang in a research note on Thursday. They now have a $15.00 price target on the stock, down previously from $23.00. Separately, analysts at Bank of America downgraded shares of Dangdang from a “buy” rating to a “neutral” rating in a research note on Thursday. Finally, analysts at Credit Suisse initiated coverage on shares of Dangdang in a research note on Thursday, March 13th. They set an “outperform” rating on the stock.
Shares of Dangdang (NASDAQ:DANG) traded down 7.80% on Friday, hitting $9.10. The stock had a trading volume of 3,642,120 shares. Dangdang has a one year low of $5.20 and a one year high of $19.05. The stock has a 50-day moving average of $12.16 and a 200-day moving average of $11.03. The company’s market cap is $748.8 million.
Dangdang (NASDAQ:DANG) last announced its earnings results on Thursday, February 27th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.11. The company had revenue of $325.70 million for the quarter, compared to the consensus estimate of $315.83 million. During the same quarter in the previous year, the company posted ($0.24) earnings per share. Analysts expect that Dangdang will post $0.09 EPS for the current fiscal year.
E-Commerce China Dangdang Inc (NASDAQ:DANG) 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.