Vipshop Holdings Ltd – Given Consensus Rating of “Buy” by Brokerages (NASDAQ:VIPS)
Shares of Vipshop Holdings Ltd – (NASDAQ:VIPS) have received an average rating of “Buy” from the eighteen brokerages that are presently covering the stock, AmericanBankingNews.com reports. Two research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $193.72.
A number of research firms have recently commented on VIPS. Analysts at Citigroup Inc. initiated coverage on shares of Vipshop Holdings Ltd – in a research note on Thursday, July 24th. They set a “buy” rating and a $248.90 price target 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 on Tuesday, July 22nd. They now have a $205.20 price target on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Vipshop Holdings Ltd – in a research note on Wednesday, July 2nd. They set a “buy” rating and a $240.00 price target on the stock.
Vipshop Holdings Ltd – (NASDAQ:VIPS) traded up 2.85% on Monday, hitting $213.3514. The stock had a trading volume of 195,082 shares. Vipshop Holdings Ltd – has a 1-year low of $38.08 and a 1-year high of $217.41. The stock’s 50-day moving average is $198.1 and its 200-day moving average is $156.4. The company has a market cap of $12.057 billion and a P/E ratio of 165.55.
Vipshop Holdings Ltd – (NASDAQ:VIPS) last released its earnings data on Wednesday, May 28th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.07. On average, analysts predict that Vipshop Holdings Ltd – will post $2.82 earnings per share for the current fiscal year.
Vipshop Holdings Limited (NASDAQ:VIPS) 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.