JD.Com (NASDAQ:JD) Is Now Covered By MKM Partners. What’s Next?

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How MKM Partners Currently Rates JD.Com (NASDAQ:JD)

MKM Partners commenced coverage its coverage on JD.Com (NASDAQ:JD), today 15 December. The firm finds the stock of JD.Com (NASDAQ:JD) attractive and has given it Buy rating.

From a total of 30 analysts covering JD.com (NASDAQ:JD) stock, 22 rate it a ”Buy”, 0 a “Sell”, and 8 a ”Hold”. This means that 73% of the ratings are positive. The highest target price is $47.09 while the lowest target price is $5.72. The mean of all analyst targets is $35.05 with a 15.61% above today’s ($31.71) stock price. JD.com was the topic of 10 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. HSBC initiated shares on November 10 with “Buy” rating. TH Capital initiated shares with “Buy” rating and $39 target share price in a report from an August 4. Macquarie Research maintained JD stock in a recent report from August 11 with “Outperform” rating. Finally, TH Capital initiated the stock with “Buy” rating in a report issued on an August 6.

Approximately 4.91 million shares of stock traded hands. JD.Com Inc(ADR) (NASDAQ:JD) has declined 5.89% since May 12, 2015 and is downtrending. It has underperformed by 2.21% the S&P500.

JD.com, Inc. is an online direct sales company. The company has a market cap of $42.87 billion. The Firm engages primarily in the sale of electronics and home appliance products and general merchandise products sourced from manufacturers, distributors and publishers in People’s republic of China (PRC) on the Internet through its Website jd.com. It currently has negative earnings. It also operates its online marketplace under which third-party sellers sell products on the Company’s Website to customers.

According to Zacks Investment Research, “JD.com, Inc. operates as an online direct sales company in China. The Company, through its Website www.jd.com and mobile applications offers a selection of authentic products. It offers computers; mobile handsets and other digital products, home appliances; automobile accessories; clothing and shoes; luxury goods including handbags, watches and jewelry, furniture and household products; cosmetics and other personal care items; food and nutritional supplements; books, e-books, music, movies and other media products; mother and childcare products; toys, sports and fitness equipment; and virtual goods. JD.com, Inc. is based in Beijing, China.”

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