Analysis: Jumei International (NYSE:JMEI) Stock Target Increased Today
In an interesting research report revealed to investors and clients by HSBC Securities on 2 December, the firm, Jumei International (NYSE:JMEI), had their Estimated Target Price downgraded to $16.00. Analusts presently have a solid “Buy” rating on the stock.
From a total of 11 analysts covering Jumei International (NYSE:JMEI) stock, 9 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 69% of the ratings are positive. The highest target price is $25 while the lowest target price is $9.5. The mean of all analyst targets is $15.45 with a 24.19% above today’s ($9.26) stock price. Jumei International was the topic of 6 analyst reports since August 25, 2015 according to the firm StockzIntelligence Inc. CLSA downgraded shares on November 23 to “Underperform” rating. Credit Suisse upgraded JMEI stock in a recent report from August 25 to “Neutral” rating.
Approximately 214,786 shares of stock traded hands. Jumei International Holding Ltd(ADR) (NYSE:JMEI) has declined 57.83% since April 29, 2015 and is downtrending. It has underperformed by 57.63% the S&P500.
Jumei International Holding Limited is an online retailer of beauty products. The company has a market cap of $1.34 billion. The Firm has two complementary sales formats on its Internet platform for beauty products: curated sales and online shopping mall through which it sells beauty products directly to customers. It has 19.39 P/E ratio. As part of curated sales, its Jumei Global offers Chinese clients access to beauty products sourced directly from overseas and allows its clients to make payments in Renminbi.
According to Zacks Investment Research, “Jumei International Holding Ltd. operates as an online retailer of beauty products. The Company’s product category includes cosmetics, skin care, cosmetics applicators, fragrance, body care, for men and for baby and children. It also offers women’s wear, footwear, lingerie, handbags and luggage, baby, children and maternity, menswear, sportswear and sporting goods, accessories, home goods and other lifestyle products, luxury goods and miscellaneous. The company sells its products through its Website Jumei.com, as well as through its mobile application. Jumei International Holding Limited is headquartered in Beijing, China.” Get a free copy of the Zacks research report on Jumei International Holding Ltd(ADR) (JMEI).