JD.com (JD) : The consensus on JD.com (JD) based on 8 analyst recommendation on the company stock is 1.81, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
JD.com (JD) : 9 investment research analysts covering JD.com (JD) have an average price target of $32.61 for the near short term. The highest target price given by the Brokerage Firm to the stock is $43 and the lowest target is $27 for the short term. Analysts expect the variance to be within $4.92 of the average price.
JD.com (NASDAQ:JD): The stock opened at $20.55 on Wednesday but the bulls could not build on the opening and the stock topped out at $20.64 for the day. The stock traded down to $20.04 during the day, due to lack of any buying support eventually closed down at $20.38 with a loss of -2.30% for the day. The stock had closed at $20.86 on the previous day. The total traded volume was 13,669,069 shares.
Also, Credit Suisse downgrades their rating on the shares of JD.com (NASDAQ:JD). The current rating of the shares is Neutral. Earlier, the shares were rated a Outperform by the brokerage firm. Equity Analysts at the Firm lowers the price target to $21 per share from $38 per share. The rating by the firm was issued on May 10, 2016. The company shares have dropped -31.20% from its 1 Year high price. On Jul 24, 2015, the shares registered one year high at $38.00 and the one year low was seen on Jun 16, 2016. The 50-Day Moving Average price is $22.00 and the 200 Day Moving Average price is recorded at $25.55.
JD.com, Inc. is an online direct sales company. The Company engages primarily 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 Peoples republic of China (PRC) on the Internet through its Website jd.com. It also operates its online marketplace under which third-party sellers sell products on the Companys Website to customers. The Company has approximately 518 million product reviews generated by its customers. The Company operates approximately 123 warehouses with an aggregate gross floor area of approximately 2.2 million square meters in 40 cities and 3,210 delivery stations and pickup stations in 1,862 counties and districts across China. The Company provides same-day delivery in approximately 134 counties and districts and next-day delivery in approximately 866 counties and districts across China.