JD.com, Inc. (NASDAQ:JD – Get Free Report) shares gapped down prior to trading on Thursday after StockNews.com downgraded the stock from a buy rating to a hold rating. The stock had previously closed at $33.79, but opened at $32.48. JD.com shares last traded at $32.34, with a volume of 2,264,823 shares.
JD has been the subject of a number of other reports. Loop Capital lowered their price target on shares of JD.com from $42.00 to $39.00 and set a “hold” rating for the company in a research report on Wednesday. Benchmark lifted their target price on shares of JD.com from $72.00 to $73.00 and gave the company a “buy” rating in a report on Friday, July 14th. JPMorgan Chase & Co. dropped their target price on JD.com from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Friday, August 18th. Citigroup reduced their price target on JD.com from $68.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, August 17th. Finally, Bank of America dropped their price target on shares of JD.com from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, August 17th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $54.33.
Read Our Latest Analysis on JD
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JD.com Price Performance
The stock has a market capitalization of $45.17 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 0.32 and a beta of 0.54. The company has a current ratio of 1.34, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average price of $36.17 and a 200 day moving average price of $37.79.
JD.com (NASDAQ:JD – Get Free Report) last posted its quarterly earnings data on Wednesday, August 16th. The information services provider reported $5.39 EPS for the quarter, topping the consensus estimate of $4.95 by $0.44. The firm had revenue of $287.93 billion for the quarter, compared to the consensus estimate of $279.99 billion. JD.com had a return on equity of 10.25% and a net margin of 2.04%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 earnings per share. Research analysts anticipate that JD.com, Inc. will post 2.48 earnings per share for the current year.
About JD.com
JD.com, Inc provides supply chain-based technologies and services in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.
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