JD.com, Inc. (NASDAQ: JD) Receives Analyst ‘Buy’ Consensus Recommendation
JD.com, Inc. (NASDAQ: JD) received a consensus recommendation to “Buy” from the seventeen analysts who currently cover the stock, reports MarketBeat.com. One equity research analyst rated the stock with a sell rating, two issued a conservation rating, thirteen assigned a buy rating, and one issued a strong buy rating for the company. The average one-year target price among brokers who hedged the stock in the past year is $ 100.81.
Several research companies have weighed in on JD recently. UBS Group raised its price target on JD.com shares from $ 95.00 to $ 110.00 and assigned the company a “buy” rating in a research note on Friday, November 19. Barclays launched coverage on JD.com shares in a research note on Tuesday, November 2. They issued an “overweight” rating and a price target of $ 98.00 for the company. Zacks investment research raised JD.com’s shares from a âsellâ rating to a âbuyâ rating and set a price target of $ 100.00 for the company in a research report released on Wednesday, November 24. CLSA increased its price target on the JD.com stock from $ 103.00 to $ 108.00 and gave the stock a âbuyâ rating in a research report on Friday, November 19. Finally, Macquarie provided coverage of JD.com shares in a research report on Tuesday. They established an âoutperformanceâ rating for the company.
JD opened at $ 79.71 on Friday. JD.com has a twelve month low of $ 61.65 and a twelve month high of $ 108.29. The company has a quick ratio of 1.12, a current ratio of 1.41, and a debt ratio of 0.05. The company has a 50-day moving average price of $ 81.72 and a 200-day moving average price of $ 76.63. The company has a market cap of $ 106.77 billion, a PE ratio of 32.27, a price / earnings-growth ratio of 3.25, and a beta of 0.80.
JD.com (NASDAQ: JD) last released its quarterly results on Wednesday, November 17. The news service provider reported earnings of $ 3.16 per share for the quarter, beating the consensus estimate of $ 0.17 by $ 2.99. JD.com had a net margin of 2.86% and a return on equity of 4.07%. The company posted revenue of $ 218.71 billion in the quarter, compared to a consensus estimate of $ 214.27 billion. In the same quarter of the previous year, the company achieved EPS of $ 0.40. The company’s revenue for the quarter increased 25.5% year-over-year. As a group, sell-side analysts expect JD.com to post earnings per share of 0.97 for the current year.
Several hedge funds have recently changed their positions in JD. Albion Financial Group UT purchased a new position in JD.com during the 2nd quarter valued at $ 30,000. Saban Cheryl acquired a new equity stake in JD.com during the third quarter valued at $ 29,000. Burleson & Company LLC increased its equity stake in JD.com by 83.3% during the second quarter. Burleson & Company LLC now owns 550 shares of the information service provider valued at $ 44,000 after purchasing an additional 250 shares during the period. Lumina Fund Management LLC acquired a new equity interest in JD.com during the second quarter valued at $ 48,000. Finally, Sandy Spring Bank increased its stake in JD.com shares by 42.1% during the second quarter. Sandy Spring Bank now owns 675 shares of the information service provider valued at $ 54,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds hold 36.88% of the company’s shares.
JD.com, Inc is a technology-driven e-commerce company. It is engaged in the sale of electronic products and general merchandise, including audio, video and books products. The company operates through the JD Retail and New Businesses segments. JD Retail segment offers online retail, online marketplace and marketing services.
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