Vipshop Holdings Ltd – PT Raised to $300.00 (VIPS)
Equities researchers at Brean Capital hoisted their price objective on shares of Vipshop Holdings Ltd – (NASDAQ:VIPS) from $200.00 to $300.00 in a research report issued on Friday. The firm currently has a “buy” rating on the stock. Brean Capital’s price objective would indicate a potential upside of 30.90% from the stock’s previous close.
Vipshop Holdings Ltd – (NASDAQ:VIPS) opened at 217.29 on Friday. Vipshop Holdings Ltd – has a 52 week low of $38.08 and a 52 week high of $229.49. The stock’s 50-day moving average is $202.7 and its 200-day moving average is $159.8. The company has a market cap of $12.280 billion and a P/E ratio of 182.91.
Vipshop Holdings Ltd – (NASDAQ:VIPS) last released its 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. On average, analysts predict that Vipshop Holdings Ltd – will post $2.82 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Deutsche Bank raised their price target on shares of Vipshop Holdings Ltd – to $243.00 in a research note on Thursday. Finally, 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. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Vipshop Holdings Ltd – currently has a consensus rating of “Buy” and an average target price of $207.94.
Vipshop Holdings Limited (NASDAQ:VIPS) is a holding company.
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