Nomura Raises Vipshop (VIPS) Price Target to $19.00

Vipshop (NYSE:VIPS) had its price target boosted by equities researchers at Nomura to $19.00 in a research note issued on Thursday. The brokerage presently has a “buy” rating on the technology company’s stock. Nomura’s price objective indicates a potential upside of 25.50% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Daiwa Capital Markets upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a report on Monday, December 18th. KeyCorp set a $13.00 price objective on shares of Vipshop and gave the company a “buy” rating in a report on Thursday, October 19th. HSBC upgraded shares of Vipshop from a “reduce” rating to a “hold” rating in a report on Wednesday, January 3rd. Zacks Investment Research downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, UBS Group initiated coverage on shares of Vipshop in a report on Monday, October 30th. They set a “neutral” rating and a $9.00 price objective on the stock. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. Vipshop presently has an average rating of “Hold” and an average target price of $13.43.

Vipshop (VIPS) traded down $0.90 on Thursday, hitting $15.14. 16,279,600 shares of the stock traded hands, compared to its average volume of 16,771,555. Vipshop has a 12-month low of $7.79 and a 12-month high of $16.47. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $9,516.77, a P/E ratio of 31.54 and a beta of 2.11.

Vipshop (NYSE:VIPS) last posted its quarterly earnings data on Monday, November 20th. The technology company reported $0.10 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. Vipshop had a net margin of 3.00% and a return on equity of 34.85%. research analysts expect that Vipshop will post 0.53 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of VIPS. Murphy Capital Management Inc. acquired a new position in Vipshop in the 2nd quarter worth approximately $111,000. Oxford Asset Management acquired a new position in Vipshop in the 4th quarter worth approximately $112,000. 1st Global Advisors Inc. increased its holdings in Vipshop by 1.5% in the 2nd quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock worth $113,000 after buying an additional 160 shares during the period. Tower Research Capital LLC TRC increased its holdings in Vipshop by 239.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,178 shares of the technology company’s stock worth $114,000 after buying an additional 7,183 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Vipshop by 31.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 10,478 shares of the technology company’s stock worth $116,000 after buying an additional 2,521 shares during the period. Institutional investors own 52.93% of the company’s stock.

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Vipshop Company Profile

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

Analyst Recommendations for Vipshop (NYSE:VIPS)