JD.Com Inc(ADR)’s “Buy” Rating Reiterated at Jefferies Group (JD)
JD.Com Inc(ADR) (NYSE:JD)‘s stock had its “buy” rating reissued by research analysts at Jefferies Group in a report released on Monday. They currently have a $38.00 price objective on the stock, up from their previous price objective of $36.00. Jefferies Group’s price target suggests a potential upside of 28.47% from the stock’s previous close.
A number of other analysts have also recently weighed in on JD. Analysts at Cowen and Company reiterated a “market perform” rating on shares of JD.Com Inc(ADR) in a research note on Monday. Separately, analysts at William Blair initiated coverage on shares of JD.Com Inc(ADR) in a research note on Thursday, August 7th. They set a “market perform” rating on the stock. Finally, analysts at Oppenheimer initiated coverage on shares of JD.Com Inc(ADR) in a research note on Wednesday, July 9th. They set an “outperform” rating and a $35.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. JD.Com Inc(ADR) presently has an average rating of “Buy” and a consensus target price of $35.56.
JD.Com In (NYSE:JD) traded up 1.83% during mid-day trading on Monday, hitting $30.12. 5,640,707 shares of the company’s stock traded hands. JD.Com In has a 52-week low of $19.94 and a 52-week high of $31.22. The stock’s 50-day moving average is $28.3 and its 200-day moving average is $27.32. The company’s market cap is $36.228 billion.
JD.Com Inc(ADR) (NYSE:JD) last released its earnings data on Friday, August 15th. The company reported ($0.35) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $0.33. The company had revenue of $28.61 billion for the quarter, compared to the consensus estimate of $27.34 billion. The company’s quarterly revenue was up 63.9% on a year-over-year basis. On average, analysts predict that JD.Com In will post $-0.07 earnings per share for the current fiscal year.
JD.com, Inc is a holding company. The Company is an online direct sales company. The Company, through its Website www.
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