JD.com (NASDAQ:JD) receives new $55.00 price target at Susquehanna


JD.com (NASDAQ: J.D.Get a rating) saw its price target lowered by Susquehanna research analysts from $66.00 to $55.00 in a research note released on Thursday, Fly reports. Susquehanna’s target price indicates a potential upside of 7.42% from the company’s previous close.

JD has been the subject of a number of other research reports. HSBC lowered its target price on JD.com from $100.00 to $91.00 and set a “buy” rating on the stock in a Friday, March 11 report. Stifel Nicolaus reduced his price target on JD.com from $110.00 to $95.00 in a report on Wednesday, January 26. Mizuho cut its price target on JD.com from $100.00 to $90.00 in a Monday, May 2 report. Morgan Stanley lowered its price target on JD.com from $98.00 to $85.00 and set an “overweight” rating on the stock in a Monday, March 7 report. Finally, Citigroup lowered its price target on JD.com from $109.00 to $99.00 and set a “buy” rating on the stock in a Friday, March 11 report. Three research analysts rated the stock with a sell rating, three gave the company a hold rating, ten gave the company a buy rating and one gave the company a strong buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $91.25.

J.D. opened at $51.20 on Thursday. The stock’s 50-day simple moving average is $57.10 and its 200-day simple moving average is $68.68. The stock has a market capitalization of $69.01 billion, a P/E ratio of -50.20 and a beta of 0.57. The company has a debt ratio of 0.04, a current ratio of 1.35 and a quick ratio of 1.01. JD.com has a 1 year minimum of $41.56 and a 1 year maximum of $92.69.

JD.com (NASDAQ: J.D.Get a rating) last announced its results on Tuesday, May 17. The information services provider reported EPS of $2.53 for the quarter, beating consensus analyst estimates of $0.19 from $2.34. The company posted revenue of $239.66 billion for the quarter, versus $235.73 billion expected by analysts. JD.com had a positive return on equity of 3.92% and a negative net margin of 0.39%. JD.com’s quarterly revenue increased 18.0% year over year. In the same quarter of the previous year, the company achieved EPS of $0.22. Research analysts expect JD.com to post EPS of 1.18 for the current fiscal year.

A number of large investors have recently bought and sold shares of JD. Tcwp LLC acquired a new position in JD.com in the first quarter worth approximately $33,000. Future Financial Wealth Management LLC acquired a new position in JD.com in the fourth quarter worth approximately $34,000. Industrial Alliance Investment Management Inc. acquired a new position in JD.com in the fourth quarter worth approximately $39,000. Ahrens Investment Partners LLC purchased a new stake in JD.com stock during the fourth quarter valued at approximately $41,000. Finally, First Command Financial Services Inc. purchased a new stake in JD.com stock during the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds hold 31.57% of the company’s shares.

JD.com Company Profile (Get a rating)

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 including food, beverages and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and health products, books , automotive accessories, clothing and footwear, bags and jewelry.

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