Vipshop Holdings Ltd – Hits New 12-Month High at $221.70 (VIPS)
Vipshop Holdings Ltd – (NASDAQ:VIPS) reached a new 52-week high during trading on Tuesday , Analyst Ratings Network reports. The company traded as high as $221.70 and last traded at $217.60, with a volume of 789,189 shares trading hands. The stock had previously closed at $216.49.
A number of analysts have recently weighed in on VIPS shares. 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. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Vipshop Holdings Ltd – presently has a consensus rating of “Buy” and a consensus target price of $193.72.
The stock’s 50-day moving average is $199. and its 200-day moving average is $158.. The company has a market cap of $12.410 billion and a P/E ratio of 172.78.
Vipshop Holdings Ltd – (NASDAQ:VIPS) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters 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.
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