Vipshop Holdings Limited (VIPS) : Zacks Investment Research ranks Vipshop Holdings Limited (VIPS) as 4, which is a Sell recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2, which indicates as a Buy.
Vipshop Holdings Limited (VIPS) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $18 and the lowest price target forecast is $11. The average forecast of all the analysts is $13.67 and the expected standard deviation is $2.5.
Vipshop Holdings Limited (NYSE:VIPS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.26 and $11.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.46, notching a gain of 1.15% for the day. The total traded volume was 5,189,642 . The stock had closed at $11.33 on the previous day.
Also, Major Brokerage house, JP Morgan downgrades its ratings on Vipshop Holdings Limited (NYSE:VIPS). In the latest research report, JP Morgan lowers the target price from $15 per share to $11 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on May 18, 2016. The company shares have dropped -45.05% from its 1 Year high price. On Jul 10, 2015, the shares registered one year high at $23.56 and the one year low was seen on May 23, 2016. The 50-Day Moving Average price is $11.21 and the 200 Day Moving Average price is recorded at $12.59.
Vipshop Holdings Limited is a holding company. The Company, through its wholly owned subsidiaries, operates as an online discount retailer for brands in China. The Company offers a range of apparel, fashion goods, cosmetics, home goods and lifestyle products from domestic and international brands. The Companys product categories include womenswear, menswear, footwear, accessories, handbags, children, sportswear and sporting goods, cosmetics, home goods and other lifestyle products, luxury goods, and gifts and miscellaneous. The Company offers branded products to consumers through flash sales model on its vip.com Website. The Company has launched channels on its Website, which include Vipshop Beauty, Vipshop Home, Vipshop Baby and Global Sale. The Company also offers a range of products and services through lefeng.com, specializing in branded cosmetics, apparel, healthcare products, food and other consumer products.