Baozun Inc. (NASDAQ:BZUN) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, October 17th. The brokerage presently has a $39.68 target price on the technology company’s stock. Vetr‘s price target would indicate a potential upside of 22.70% from the stock’s previous close.
Several other research firms have also commented on BZUN. Zacks Investment Research upgraded Baozun from a “sell” rating to a “hold” rating and set a $41.00 price objective for the company in a research note on Wednesday, September 13th. BidaskClub raised shares of Baozun from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. Bank of America Corporation increased their price target on shares of Baozun from $26.00 to $36.00 and gave the company a “buy” rating in a report on Friday, July 21st. Citigroup Inc. assumed coverage on shares of Baozun in a report on Thursday, August 31st. They issued a “buy” rating and a $38.00 price target for the company. Finally, Deutsche Bank AG downgraded shares of Baozun from a “buy” rating to a “hold” rating and increased their price target for the company from $25.00 to $30.00 in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $36.54.
Baozun (BZUN) traded up $1.12 during trading on Tuesday, reaching $32.34. The company’s stock had a trading volume of 789,210 shares, compared to its average volume of 2,425,214. The company has a market cap of $1,695.68, a PE ratio of 86.72 and a beta of 4.64. Baozun has a fifty-two week low of $10.87 and a fifty-two week high of $40.65.
Baozun (NASDAQ:BZUN) last issued its quarterly earnings results on Monday, August 21st. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The company had revenue of $131.04 million during the quarter. Baozun had a return on equity of 9.19% and a net margin of 3.26%. research analysts forecast that Baozun will post 0.58 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently made changes to their positions in BZUN. Sei Investments Co. boosted its stake in Baozun by 24.3% in 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 in the last quarter. Citigroup Inc. lifted its stake in shares of Baozun by 29.3% during the second quarter. Citigroup Inc. now owns 5,781 shares of the technology company’s stock worth $128,000 after buying an additional 1,311 shares during the period. Global X Management Co. LLC lifted its stake in shares of Baozun by 1.6% during the second quarter. Global X Management Co. LLC now owns 6,759 shares of the technology company’s stock worth $150,000 after buying an additional 105 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of 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 worth $171,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Pacad Investment Ltd. purchased a new position in shares of Baozun during the second quarter worth $197,000. Institutional investors own 34.34% of the company’s stock.
Baozun Company Profile
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.
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