JD.Com Inc(ADR) (JD) is Initiated by Stifel to Buy, Price Target at $34

JD.Com Inc(ADR) (JD) was Initiated by Stifel to “Buy” and the brokerage firm has set the Price Target at $34. Stifel advised their investors in a research report released on Oct 14, 2016.

Many Wall Street Analysts have commented on JD.Com Inc(ADR). Shares were Downgraded by MKM Partners on Sep 20, 2016 to ” Neutral” and Lowered the Price Target to $ 27 from a previous price target of $32 .JP Morgan Resumed JD.Com Inc(ADR) on Aug 31, 2016 to “Neutral”, Price Target of the shares are set at $29.JD.Com Inc(ADR) was Downgraded by T.H. Capital to ” Hold” on Aug 8, 2016.

On the company’s financial health, JD.Com Inc(ADR) reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.44 according to the earnings call on Aug 10, 2016. Analyst had a consensus of $-0.15. The company had revenue of $65236.80 million for the quarter, compared to analysts expectations of $65238.80 million. The company’s revenue was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.01 EPS.

JD.Com Inc(ADR) closed down -0.55 points or -2.01% at $26.75 with 72,85,082 shares getting traded on Tuesday. Post opening the session at $27.24, the shares hit an intraday low of $26.58 and an intraday high of $27.405 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

JD.com Inc. is an online direct sales company. The Company engages primarily in the sale of electronics and home appliance products and general merchandise products (including audio video products and books) sourced from manufacturers distributors and publishers in People’s republic of China (PRC) on the Internet through its Website jd.com. It also operates its online marketplace under which third-party sellers sell products on the Company’s Website to customers. The Company has approximately 518 million product reviews generated by its customers. The Company operates approximately 123 warehouses with an aggregate gross floor area of approximately 2.2 million square meters in 40 cities and 3210 delivery stations and pickup stations in 1862 counties and districts across China. The Company provides same-day delivery in approximately 134 counties and districts and next-day delivery in approximately 866 counties and districts across China.

JD.Com Inc(ADR)

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