Zacks Investment Research Upgrades JD.Com (NASDAQ:JD) to “Strong-Buy”

JD.Com (NASDAQ:JD) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday, Zacks.com reports. The brokerage presently has a $36.00 target price on the information services provider’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 17.11% from the stock’s previous close.

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 analysts also recently commented on JD. Credit Suisse Group reaffirmed an “outperform” rating on shares of JD.Com in a research report on Wednesday, July 17th. China International Capital raised JD.Com to a “buy” rating in a research report on Monday, May 13th. TheStreet raised JD.Com from a “d+” rating to a “c” rating in a research report on Friday, May 10th. CICC Research raised JD.Com from a “hold” rating to a “buy” rating and set a $27.66 price target for the company in a research report on Monday, May 13th. Finally, Mizuho increased their price target on JD.Com from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. Eleven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. JD.Com presently has a consensus rating of “Buy” and an average price target of $32.82.

JD stock opened at $30.74 on Tuesday. JD.Com has a twelve month low of $19.21 and a twelve month high of $33.05. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average is $30.13 and its 200-day moving average is $28.54. The firm has a market capitalization of $37.67 billion, a PE ratio of -1,024.67 and a beta of 1.42.

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

Large investors have recently added to or reduced their stakes in the business. Canal Capital Management LLC grew its position in shares of JD.Com by 1.6% in the first quarter. Canal Capital Management LLC now owns 21,789 shares of the information services provider’s stock valued at $657,000 after purchasing an additional 335 shares in the last quarter. American International Group Inc. grew its position in shares of JD.Com by 0.6% in the first quarter. American International Group Inc. now owns 67,486 shares of the information services provider’s stock valued at $2,035,000 after purchasing an additional 374 shares in the last quarter. CWM Advisors LLC grew its position in shares of JD.Com by 2.5% in the second quarter. CWM Advisors LLC now owns 16,930 shares of the information services provider’s stock valued at $513,000 after purchasing an additional 407 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of JD.Com by 1.4% in the second quarter. Crossmark Global Holdings Inc. now owns 31,397 shares of the information services provider’s stock valued at $951,000 after purchasing an additional 420 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of JD.Com by 11.8% in the second quarter. Signaturefd LLC now owns 4,397 shares of the information services provider’s stock valued at $133,000 after purchasing an additional 465 shares in the last quarter. 47.99% of the stock is owned by institutional investors and hedge funds.

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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