JD.Com (JD) Raised to “Strong-Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of JD.Com (NASDAQ:JD) from a hold rating to a strong-buy rating in a report released on Wednesday morning. They currently have $50.00 price objective on the information services provider’s stock.

According to Zacks, “JD.com, Inc. operates as an online direct sales company in China. The Company, through its Website www.jd.com and mobile applications offers a selection of authentic products. It offers computers; mobile handsets and other digital products, home appliances; automobile accessories; clothing and shoes; luxury goods including handbags, watches and jewelry, furniture and household products; cosmetics and other personal care items; food and nutritional supplements; books, e-books, music, movies and other media products; mother and childcare products; toys, sports and fitness equipment; and virtual goods. JD.com, Inc. is based in Beijing, China. “

A number of other research analysts have also recently weighed in on the company. Vetr upgraded JD.Com from a buy rating to a strong-buy rating and set a $52.28 target price on the stock in a report on Monday, February 5th. BidaskClub upgraded JD.Com from a strong sell rating to a sell rating in a report on Tuesday, November 7th. KeyCorp lifted their target price on JD.Com from $51.00 to $56.00 and gave the company an overweight rating in a report on Friday, January 26th. Nomura lifted their target price on JD.Com from $49.00 to $52.00 and gave the company a buy rating in a report on Tuesday, November 14th. Finally, Sanford C. Bernstein reiterated a market perform rating and issued a $47.00 target price (up previously from $40.00) on shares of JD.Com in a report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. JD.Com has an average rating of Buy and an average price target of $48.59.

Shares of JD.Com (NASDAQ:JD) traded up $2.31 during trading hours on Wednesday, hitting $46.86. The stock had a trading volume of 16,725,900 shares, compared to its average volume of 14,294,985. The stock has a market capitalization of $67,710.00, a P/E ratio of -679.29 and a beta of 1.52. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.79 and a current ratio of 1.12. JD.Com has a twelve month low of $29.51 and a twelve month high of $50.68.

JD.Com (NASDAQ:JD) last announced its quarterly earnings data on Monday, November 13th. The information services provider reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.12. JD.Com had a positive return on equity of 0.83% and a negative net margin of 0.29%. research analysts forecast that JD.Com will post 0.07 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of JD. Bessemer Group Inc. purchased a new stake in shares of JD.Com during the third quarter worth about $101,000. Truewealth LLC purchased a new stake in shares of JD.Com during the fourth quarter worth about $103,000. Delpha Capital Management LLC purchased a new stake in shares of JD.Com during the fourth quarter worth about $128,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of JD.Com during the fourth quarter worth about $135,000. Finally, Advisor Group Inc. increased its position in shares of JD.Com by 253.0% during the third quarter. Advisor Group Inc. now owns 4,056 shares of the information services provider’s stock worth $154,000 after acquiring an additional 2,907 shares during the last quarter. Institutional investors own 44.30% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this news story on another site, it was illegally copied and republished in violation of international trademark and copyright laws. The correct version of this news story can be read at https://www.chaffeybreeze.com/2018/02/15/jd-com-jd-raised-to-strong-buy-at-zacks-investment-research.html.

About JD.Com

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.

Get a free copy of the Zacks research report on JD.Com (JD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for JD.Com (NASDAQ:JD)

Receive News & Ratings for JD.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.Com and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply