Vipshop Holdings Ltd – Rating Increased to Buy at BOC Int’l (VIPS)
Vipshop Holdings Ltd – (NASDAQ:VIPS) was upgraded by equities researchers at BOC Int’l from a “hold” rating to a “buy” rating in a research report issued on Friday, AnalystRatingsNetwork.com reports.
Vipshop Holdings Ltd – (NASDAQ:VIPS) opened at 164.46 on Friday. Vipshop Holdings Ltd – has a 52-week low of $23.26 and a 52-week high of $182.00. The stock’s 50-day moving average is $145. and its 200-day moving average is $112.. The company has a market cap of $9.294 billion and a P/E ratio of 182.73.
Vipshop Holdings Ltd – (NASDAQ:VIPS) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.15. The company had revenue of $701.90 million for the quarter, compared to the consensus estimate of $650.50 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 125.9% on a year-over-year basis. Analysts expect that Vipshop Holdings Ltd – will post $2.46 EPS for the current fiscal year.
A number of other firms have also recently commented on VIPS. Analysts at Brean Capital raised their price target on shares of Vipshop Holdings Ltd – from $185.00 to $200.00 in a research note on Thursday. Finally, analysts at Zacks downgraded shares of Vipshop Holdings Ltd – from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $161.30 price target on the stock. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Vipshop Holdings Ltd – currently has an average rating of “Buy” and an average price target of $160.64.
Vipshop Holdings Limited (NASDAQ:VIPS) is a holding company.
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