Are Vipshop (NYSE:VIPS) Shares a Sell Now? Morgan Stanley Has Downgraded Stock


Vipshop (NYSE:VIPS) Receives a Downgrade

Morgan Stanley has given Vipshop (NYSE:VIPS) shares a new Underweight rating in analysts note issued to investors and clients on Thursday, 17 December. This was a decrease from the preceding Equal-Weight rating.

From a total of 27 analysts covering Vipshop Holdings Limited (NYSE:VIPS) stock, 24 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 92% of the ratings are positive. The highest target price is $27.86 while the lowest target price is $12.94. The mean of all analyst targets is $19.75 with a 39.44% above today’s ($16.53) stock price. Vipshop Holdings Limited was the topic of 10 analyst reports since August 12, 2015 according to the firm StockzIntelligence Inc. Brean Capital maintained shares on November 19 with “Buy” rating. Bank of America downgraded VIPS stock in a recent report from November 16 to “Neutral” rating.

Approximately 6.24M shares of stock traded hands. Vipshop Holdings Ltd – ADR (NYSE:VIPS) has declined 30.66% since May 14, 2015 and is downtrending. It has underperformed by 28.40% the S&P500.

Vipshop Holdings Limited is a holding company. The company has a market cap of $9.91 billion. The Company, through its wholly owned subsidiaries, operates as an online discount retailer for brands in China. It has 43.09 P/E ratio. The Firm offers a range of apparel, fashion goods, cosmetics, home goods and lifestyle products from domestic and international brands.

According to Zacks Investment Research, “Vipshop Holdings Ltd. is an online discount retailer for brands. The Company offers branded products to consumers in China through flash sales on its website. It offers a wide selection of various famous branded discount products including apparel for women, men and children, fashion goods, cosmetics, home goods and other lifestyle products, through its website. Vipshop Holdings Ltd. is headquartered in Guangzhou.”