Vipshop Holdings Ltd – Given Average Recommendation of “Buy” by Brokerages (NASDAQ:VIPS)
Shares of Vipshop Holdings Ltd – (NASDAQ:VIPS) have received an average rating of “Buy” from the seventeen analysts that are currently covering the company, AmericanBankingNews.com reports. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $173.88.
Shares of Vipshop Holdings Ltd – (NASDAQ:VIPS) opened at 183.50 on Friday. Vipshop Holdings Ltd – has a 52 week low of $27.69 and a 52 week high of $189.49. The stock’s 50-day moving average is $169.7 and its 200-day moving average is $132.3. The company has a market cap of $10.370 billion and a P/E ratio of 145.24.
Vipshop Holdings Ltd – (NASDAQ:VIPS) last announced its earnings results on Wednesday, May 28th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.07. On average, analysts predict that Vipshop Holdings Ltd – will post $2.77 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Barclays initiated coverage on shares of Vipshop Holdings Ltd – in a research note on Thursday, June 12th. They set an “overweight” rating on the stock. Separately, analysts at Zacks upgraded shares of Vipshop Holdings Ltd – from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 11th. They now have a $188.40 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Vipshop Holdings Ltd – from $200.00 to $210.00 in a research note on Monday, May 19th. They now have an “overweight” rating on the stock.
Vipshop Holdings Limited (NASDAQ:VIPS) is a holding company.
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