Vipshop Holdings Ltd – Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:VIPS)
Shares of Vipshop Holdings Ltd – (NASDAQ:VIPS) have been given a consensus rating of “Buy” by the eighteen analysts that are currently covering the company, American Banking & Market News reports. Two analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $197.94.
A number of analysts have recently weighed in on VIPS shares. Analysts at Deutsche Bank raised their price target on shares of Vipshop Holdings Ltd – to $243.00 in a research note on Thursday. Separately, 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. Finally, 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.
Shares of Vipshop Holdings Ltd – (NASDAQ:VIPS) opened at 217.29 on Monday. 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 $12.280 billion and a price-to-earnings ratio of 182.91.
Vipshop Holdings Ltd – (NASDAQ:VIPS) last released its earnings data on Wednesday, August 13th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the 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 $2.82 EPS for the current fiscal year.
Vipshop Holdings Limited (NASDAQ:VIPS) is a holding company.
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