JD.Com (NASDAQ:JD) Earns Buy Rating from Analysts at Vertical Group

Vertical Group initiated coverage on shares of JD.Com (NASDAQ:JD) in a report issued on Tuesday, The Fly reports. The firm issued a buy rating on the information services provider’s stock.

A number of other analysts also recently issued reports on JD. ValuEngine downgraded shares of JD.Com from a sell rating to a strong sell rating in a report on Wednesday, October 2nd. Barclays started coverage on shares of JD.Com in a report on Monday, August 19th. They issued an equal weight rating and a $36.00 price objective for the company. Jefferies Financial Group started coverage on shares of JD.Com in a report on Monday, August 5th. They issued a buy rating and a $36.50 price objective for the company. Stifel Nicolaus reissued a hold rating and issued a $35.00 price objective on shares of JD.Com in a report on Tuesday, August 13th. Finally, Credit Suisse Group reissued an outperform rating on shares of JD.Com in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $33.70.

JD traded up $0.24 on Tuesday, reaching $30.51. The company had a trading volume of 282,757 shares, compared to its average volume of 11,208,090. JD.Com has a fifty-two week low of $19.21 and a fifty-two week high of $32.38. The stock has a market cap of $44.16 billion, a P/E ratio of -1,017.33 and a beta of 1.31. The company’s fifty day moving average is $29.97 and its 200 day moving average is $29.45. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.58 and a current ratio of 0.91.

JD.Com (NASDAQ:JD) last announced its quarterly earnings results on Tuesday, August 13th. The information services provider reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.18. JD.Com had a net margin of 1.23% and a return on equity of 7.72%. The business had revenue of $150.28 billion for the quarter, compared to analyst estimates of $147.44 billion. During the same quarter in the prior year, the business earned $0.33 EPS. JD.Com’s quarterly revenue was up 22.9% on a year-over-year basis. On average, sell-side analysts expect that JD.Com will post 0.77 EPS for the current year.

Several institutional investors have recently modified their holdings of JD. NEXT Financial Group Inc bought a new position in JD.Com in the 2nd quarter valued at approximately $25,000. CWM LLC bought a new position in JD.Com in the 2nd quarter valued at approximately $26,000. WealthStone Inc. bought a new position in JD.Com in the 2nd quarter valued at approximately $28,000. Ropes Wealth Advisors LLC bought a new position in JD.Com in the 2nd quarter valued at approximately $30,000. Finally, Whittier Trust Co. bought a new position in JD.Com in the 3rd quarter valued at approximately $62,000. 40.14% of the stock is owned by institutional investors.

JD.Com Company Profile

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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The Fly

Analyst Recommendations for JD.Com (NASDAQ:JD)

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