Shares of JD.com, Inc. (NASDAQ:JD) have received an average rating of “Moderate Buy” from sixteen analysts currently covering the company, according to data from MarketBeat. This assessment reflects a mix of recommendations, with one analyst advising a sell, four suggesting a hold, and ten issuing buy ratings. Additionally, one analyst has provided a strong buy recommendation for the stock.
The average price objective for JD.com among brokerages that have updated their coverage in the past year stands at approximately $40.38. Recent commentary from various brokerages highlights the evolving perceptions of JD.com’s market position. Notably, Citigroup initiated coverage on August 11, 2023, with a buy rating and a target price of $42.00. Conversely, Morgan Stanley downgraded the stock from an “equal weight” rating to an “underweight” rating, setting a lower target price of $28.00 in a report dated November 10, 2023.
Further insights from Susquehanna reaffirmed a neutral rating for JD.com on November 24, 2023. Meanwhile, Mizuho established a target price of $41.00 in their assessment on October 22, 2023. In a contrasting move, Wall Street Zen downgraded their rating from hold to sell on November 22, 2023.
Current Market Dynamics and Financial Performance
As of Friday, JD.com shares opened at $29.90. The company boasts a market capitalization of approximately $42.83 billion, with a price-to-earnings ratio of 10.17 and a price-to-earnings-growth ratio of 6.73. The stock has shown some volatility, recording a 52-week low of $28.21 and a high of $46.44. The company’s 50-day and 200-day moving averages are $32.12 and $32.43, respectively. Financial metrics indicate a quick ratio of 0.88, a current ratio of 1.20, and a debt-to-equity ratio of 0.20.
JD.com last reported its quarterly earnings on November 13, 2023. The company achieved earnings per share (EPS) of $0.52, surpassing analysts’ consensus estimates of $0.44 by $0.08. The firm recorded revenue of $41.98 billion, exceeding the expected $40.87 billion. JD.com’s net margin was reported at 2.46%, and it achieved a return on equity of 10.99%. This performance represents a year-over-year revenue growth of 14.9%, compared to the same quarter in the previous year when the company earned $8.68 per share.
As analysts project for the current year, JD.com is anticipated to post earnings of $3.91 per share.
Overview of JD.com
JD.com, Inc. operates as a supply chain-based technology and service provider in the People’s Republic of China. The company offers a diverse range of products, including computers, communication devices, consumer electronics, home appliances, and general merchandise. This includes food, beverages, baby products, furniture, cosmetics, healthcare items, and more.
With its extensive product portfolio and recent financial performance, JD.com continues to be a focal point for analysts and investors alike as they navigate the dynamic landscape of e-commerce and technology services in China.
