JD.com (NASDAQ:JD) Stock Upgrade
In a very recent research note published on Thursday, 17 December, Morgan Stanley announced that they have decided to upgrade shares of JD.com (NASDAQ:JD) stock from a “Equal-Weight” to a “Overweight”.
From a total of 31 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 $47.15 while the lowest target price is $5.71. The mean of all analyst targets is $35.38 with a 12.49% above today’s ($32.74) stock price. JD.com was the topic of 11 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. M Partners initiated shares on December 15 with “Buy” rating. TH Capital initiated shares with “Buy” rating and $39 target share price in a report from an August 4. Goldman Sachs initiated JD stock in a recent report from November 6 with “Buy” rating. Finally, Morgan Stanley downgraded the stock to “Overweight” rating in a report issued on an August 10.
Approximately 5.90 million shares of stock traded hands. JD.Com Inc(ADR) (NASDAQ:JD) has declined 3.46% since May 14, 2015 and is downtrending. It has underperformed by 1.20% the S&P500.
JD.com, Inc. is an online direct sales company. The company has a market cap of $44.08 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.”