Macquarie Reiterates Outperform Rating for Vipshop Holdings Ltd – (VIPS)
Vipshop Holdings Ltd – (NASDAQ:VIPS)‘s stock had its “outperform” rating reiterated by equities researchers at Macquarie in a research report issued on Friday. They currently have a $270.00 price target on the stock, up from their previous price target of $200.00. Macquarie’s target price suggests a potential upside of 24.26% from the stock’s previous close.
VIPS has been the subject of a number of other recent research reports. Analysts at Brean Capital raised their price target on shares of Vipshop Holdings Ltd – from $200.00 to $300.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Vipshop Holdings Ltd – from $240.00 to $280.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Vipshop Holdings Ltd – to $243.00 in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Vipshop Holdings Ltd – has an average rating of “Buy” and an average target price of $212.94.
Vipshop Holdings Ltd – (NASDAQ:VIPS) traded up 1.32% during mid-day trading on Friday, hitting $220.16. 783,110 shares of the company’s stock traded hands. Vipshop Holdings Ltd – has a 52-week low of $38.08 and a 52-week high of $229.49. The stock has a 50-day moving average of $202.7 and a 200-day moving average of $159.8. The company has a market cap of $12.489 billion and a price-to-earnings ratio of 142.02.
Vipshop Holdings Ltd – (NASDAQ:VIPS) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.64 by $0.08. The company had revenue of $829.40 million for the quarter, compared to the consensus estimate of $791.55 million. Analysts expect that Vipshop Holdings Ltd – will post $2.88 EPS for the current fiscal year.
Vipshop Holdings Limited (NASDAQ:VIPS) is a holding company.
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