Baozun Inc. (BZUN) Rating Increased to Strong-Buy at Vetr Inc.

Vetr upgraded shares of Baozun Inc. (NASDAQ:BZUN) from a buy rating to a strong-buy rating in a research note issued to investors on Monday. Vetr currently has $39.10 price target on the technology company’s stock.

Several other equities research analysts have also recently weighed in on the stock. Citigroup Inc. started coverage on shares of Baozun in a research report on Thursday, August 31st. They issued a buy rating and a $38.00 price target on the stock. Zacks Investment Research upgraded shares of Baozun from a hold rating to a buy rating and set a $38.00 price target on the stock in a research report on Tuesday, July 25th. Bank of America Corporation boosted their price target on shares of Baozun from $34.00 to $38.00 and gave the stock a buy rating in a research report on Monday, September 11th. Finally, BidaskClub upgraded shares of Baozun from a hold rating to a buy rating in a research report on Saturday, July 8th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $37.22.

Baozun (NASDAQ BZUN) traded up 5.17% during trading on Monday, hitting $36.00. 939,409 shares of the company traded hands. The stock has a market capitalization of $1.96 billion, a PE ratio of 111.46 and a beta of 4.74. Baozun has a 52 week low of $10.87 and a 52 week high of $40.65. The company’s 50 day moving average is $35.39 and its 200-day moving average is $35.39.

Baozun (NASDAQ:BZUN) last announced its quarterly earnings results on Monday, August 21st. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). Baozun had a return on equity of 9.19% and a net margin of 3.26%. The business had revenue of $131.04 million during the quarter. Analysts predict that Baozun will post $0.68 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This piece was posted by BBNS and is owned by of BBNS. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://baseballnewssource.com/markets/baozun-inc-bzun-rating-increased-to-strong-buy-at-vetr-inc/1704528.html.

A number of hedge funds have recently bought and sold shares of the business. Global X Management Co. LLC increased its position in Baozun by 1.6% during the second quarter. Global X Management Co. LLC now owns 6,759 shares of the technology company’s stock valued at $150,000 after acquiring an additional 105 shares during the last quarter. Veritable L.P. increased its position in Baozun by 1.1% during the second quarter. Veritable L.P. now owns 38,400 shares of the technology company’s stock valued at $851,000 after acquiring an additional 400 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Baozun by 18.5% during the second quarter. Public Employees Retirement System of Ohio now owns 7,700 shares of the technology company’s stock valued at $171,000 after acquiring an additional 1,200 shares during the last quarter. Citigroup Inc. increased its position in Baozun by 29.3% during the second quarter. Citigroup Inc. now owns 5,781 shares of the technology company’s stock valued at $128,000 after acquiring an additional 1,311 shares during the last quarter. Finally, Sei Investments Co. increased its position in Baozun by 24.3% during the first quarter. Sei Investments Co. now owns 7,024 shares of the technology company’s stock valued at $105,000 after acquiring an additional 1,373 shares during the last quarter. Institutional investors and hedge funds own 30.98% of the company’s stock.

About Baozun

Baozun Inc is a brand e-commerce solutions company. The Company is engaged in providing end-to-end e-commerce solutions, including the sales of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing and order fulfillment.

To view Vetr’s full report, visit Vetr’s official website.

Receive News & Ratings for Baozun Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baozun Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation


Leave a Reply

 
© 2006-2017 BBNS.