Baozun (NASDAQ:BZUN) Coverage Initiated by Analysts at JPMorgan Chase & Co.

Research analysts at JPMorgan Chase & Co. assumed coverage on shares of Baozun (NASDAQ:BZUN) in a report issued on Wednesday, The Fly reports. The brokerage set an “overweight” rating on the technology company’s stock.

Several other equities analysts have also recently issued reports on the company. Credit Suisse Group raised Baozun from a “neutral” rating to an “outperform” rating and set a $41.00 price objective on the stock in a research report on Wednesday, May 19th. Citigroup decreased their target price on shares of Baozun from $60.00 to $57.00 in a research note on Wednesday, April 21st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell decreased their target price on shares of Baozun from $60.00 to $57.00 in a research note on Wednesday, April 21st. TheStreet lowered shares of Baozun from a “b-” rating to a “c+” rating in a research note on Monday, May 17th. Finally, Zacks Investment Research upgraded shares of Baozun from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 18th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $46.83.

BZUN stock opened at $35.59 on Wednesday. The company has a market cap of $2.77 billion, a PE ratio of 38.27, a PEG ratio of 0.69 and a beta of 1.00. Baozun has a 12-month low of $30.07 and a 12-month high of $57.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.17 and a quick ratio of 3.70. The company has a 50 day simple moving average of $34.98.

Baozun (NASDAQ:BZUN) last released its quarterly earnings data on Tuesday, May 18th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.22. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Baozun had a return on equity of 8.76% and a net margin of 4.54%. The firm’s quarterly revenue was up 32.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 EPS. As a group, analysts predict that Baozun will post 1.2 EPS for the current year.

Large investors have recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG boosted its holdings in Baozun by 11.2% in the 1st quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 64,734 shares of the technology company’s stock worth $2,469,000 after buying an additional 6,545 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Baozun by 27.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 541,515 shares of the technology company’s stock worth $20,653,000 after buying an additional 116,101 shares during the period. Eaton Vance Management bought a new position in Baozun in the 1st quarter worth $29,000. Morgan Stanley boosted its holdings in Baozun by 1.6% in the 1st quarter. Morgan Stanley now owns 1,501,649 shares of the technology company’s stock worth $57,272,000 after buying an additional 23,408 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its holdings in Baozun by 38.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 9,727 shares of the technology company’s stock worth $371,000 after buying an additional 2,678 shares during the period. Hedge funds and other institutional investors own 58.04% of the company’s stock.

About Baozun

Baozun Inc provides e-commerce solutions to brand partners in the People's Republic of China. The company's integrated end-to-end brand e-commerce capabilities encompass various aspects of the e-commerce value chain, including IT solutions, online store operations, digital marketing, customer services, warehousing, and fulfillment.

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