Coupang, Inc. (NYSE:CPNG) Given Consensus Rating of “Hold” by Brokerages

Coupang, Inc. (NYSE:CPNG) has received a consensus recommendation of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $26.0167.

A number of brokerages recently commented on CPNG. Bank of America dropped their price target on Coupang from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. CLSA initiated coverage on shares of Coupang in a report on Monday, June 15th. They set an “outperform” rating and a $24.00 price objective for the company. Deutsche Bank Aktiengesellschaft cut shares of Coupang from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a research note on Wednesday, May 6th. Citigroup downgraded shares of Coupang from a “buy” rating to a “neutral” rating and reduced their target price for the company from $23.00 to $22.20 in a research report on Wednesday, May 6th. Finally, Weiss Ratings downgraded Coupang from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th.

Hedge Funds Weigh In On Coupang

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. bought a new stake in shares of Coupang in the third quarter valued at approximately $26,000. Reflection Asset Management purchased a new position in Coupang in the 4th quarter valued at approximately $28,000. LGT Financial Advisors LLC purchased a new position in Coupang in the 3rd quarter valued at approximately $52,000. Webster Bank N. A. raised its holdings in Coupang by 325.8% during the 1st quarter. Webster Bank N. A. now owns 1,699 shares of the company’s stock valued at $32,000 after acquiring an additional 1,300 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Coupang during the fourth quarter worth $42,000. Institutional investors own 83.72% of the company’s stock.

Coupang Stock Down 1.9%

Shares of NYSE CPNG traded down $0.35 during trading on Friday, hitting $18.80. The stock had a trading volume of 12,735,403 shares, compared to its average volume of 18,898,428. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.97 and a quick ratio of 0.76. The firm has a fifty day moving average of $17.14 and a two-hundred day moving average of $19.05. Coupang has a 12 month low of $14.92 and a 12 month high of $34.08. The company has a market capitalization of $33.76 billion, a PE ratio of -208.92 and a beta of 1.11.

Coupang (NYSE:CPNG) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.06). Coupang had a negative return on equity of 3.67% and a negative net margin of 0.47%.The firm had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.48 billion. During the same quarter last year, the firm posted $0.06 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities research analysts forecast that Coupang will post -0.33 EPS for the current fiscal year.

Coupang Company Profile

Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea’s leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.

The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.