Baozun Inc. (BZUN) Given Average Recommendation of “Buy” by Brokerages
Shares of Baozun Inc. (NASDAQ:BZUN) have earned a consensus recommendation of “Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $36.42.
BZUN has been the topic of several recent research reports. Bank of America increased their price objective on Baozun from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, September 11th. Vetr cut Baozun from a “strong-buy” rating to a “buy” rating and set a $32.75 price objective on the stock. in a research report on Wednesday, September 6th. Citigroup initiated coverage on Baozun in a research report on Thursday, August 31st. They set a “buy” rating and a $38.00 price objective on the stock. Zacks Investment Research upgraded Baozun from a “sell” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Tuesday, October 24th. Finally, Deutsche Bank cut Baozun from a “buy” rating to a “hold” rating and increased their price objective for the stock from $25.00 to $30.00 in a research report on Wednesday, August 23rd.
Baozun (NASDAQ BZUN) opened at $31.67 on Friday. The firm has a market capitalization of $1,656.58, a price-to-earnings ratio of 82.43 and a beta of 4.43. Baozun has a 12-month low of $10.87 and a 12-month high of $40.65.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN acquired a new stake in shares of Baozun during the 2nd quarter worth $435,000. Ariose Capital Management Ltd acquired a new stake in shares of Baozun during the 3rd quarter worth $30,886,000. Cadence Capital Management LLC acquired a new stake in shares of Baozun during the 2nd quarter worth $542,000. Pictet Asset Management Ltd. acquired a new stake in shares of Baozun during the 3rd quarter worth $2,547,000. Finally, Tairen Capital Ltd grew its holdings in shares of Baozun by 94.6% during the 2nd quarter. Tairen Capital Ltd now owns 1,777,650 shares of the technology company’s stock worth $21,456,000 after purchasing an additional 864,041 shares in the last quarter. 38.35% of the stock is currently owned by institutional investors.
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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.
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