Vipshop Holdings Ltd – Rating Increased to Outperform at Zacks (VIPS)
Vipshop Holdings Ltd – (NASDAQ:VIPS) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Friday. The firm currently has a $230.20 target price on the stock. Zacks‘s price objective would indicate a potential upside of 7.52% from the stock’s previous close.
Vipshop Holdings Ltd – (NASDAQ:VIPS) traded down 1.27% during mid-day trading on Friday, hitting $211.381. The stock had a trading volume of 443,082 shares. Vipshop Holdings Ltd – has a one year low of $38.15 and a one year high of $229.49. The stock’s 50-day moving average is $206.6 and its 200-day moving average is $163.8. The company has a market cap of $11.991 billion and a price-to-earnings ratio of 139.93.
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 $2.97 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie reiterated an “outperform” rating on shares of Vipshop Holdings Ltd – in a research note on Friday, August 15th. They now have a $270.00 price target on the stock, up previously from $200.00. Separately, 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, August 15th. They now have a “buy” rating on the stock. Finally, 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, August 15th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Vipshop Holdings Ltd – has a consensus rating of “Buy” and a consensus target price of $214.72.
Vipshop Holdings Limited (NASDAQ:VIPS) is a holding company.
To view Zacks’ full report, visit Zacks’ official website.
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