JD.com (JD) Stock Rating Lowered by BidaskClub
JD.com (NASDAQ:JD) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Saturday.
Other analysts have also issued research reports about the company. MKM Partners upgraded JD.com from a “neutral” rating to a “buy” rating and upped their price objective for the company from $33.00 to $51.00 in a report on Wednesday, August 23rd. They noted that the move was a valuation call. restated a “buy” rating and issued a $49.00 price objective on shares of JD.com in a report on Tuesday, August 15th. Instinet restated a “buy” rating and issued a $55.00 price objective (up previously from $46.00) on shares of JD.com in a report on Tuesday, August 15th. Bank of America restated a “buy” rating and issued a $53.00 price objective (up previously from $46.00) on shares of JD.com in a report on Wednesday, August 9th. Finally, Vetr upgraded JD.com from a “hold” rating to a “buy” rating and set a $45.83 price objective for the company in a report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $45.50.
Shares of JD.com (NASDAQ:JD) traded down $0.18 during trading on Friday, hitting $37.27. The stock had a trading volume of 13,550,237 shares, compared to its average volume of 16,752,792. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.79 and a current ratio of 1.12. The firm has a market capitalization of $53,302.03, a price-to-earnings ratio of 1,872.50 and a beta of 1.38. JD.com has a twelve month low of $25.25 and a twelve month high of $48.99.
JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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