Coupang, Inc. (NYSE:CPNG) Receives $33.25 Consensus Price Target from Analysts

Shares of Coupang, Inc. (NYSE:CPNGGet Free Report) have earned an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $33.25.

CPNG has been the topic of a number of recent analyst reports. Bank of America lifted their target price on Coupang from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Arete Research initiated coverage on shares of Coupang in a research report on Thursday, September 18th. They set a “buy” rating and a $40.00 price objective for the company. Morgan Stanley restated an “overweight” rating and issued a $31.00 target price on shares of Coupang in a research report on Sunday, December 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Coupang in a report on Wednesday, October 8th. Finally, Barclays boosted their price objective on Coupang from $36.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th.

Read Our Latest Stock Analysis on CPNG

Coupang Stock Performance

NYSE CPNG opened at $24.28 on Wednesday. The firm’s 50 day simple moving average is $27.68 and its 200 day simple moving average is $29.34. The firm has a market capitalization of $44.34 billion, a price-to-earnings ratio of 115.60 and a beta of 1.18. The company has a current ratio of 1.06, a quick ratio of 0.82 and a debt-to-equity ratio of 0.13. Coupang has a 1 year low of $19.02 and a 1 year high of $34.08.

Coupang (NYSE:CPNGGet Free Report) last released its earnings results on Tuesday, November 4th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. Coupang had a return on equity of 6.95% and a net margin of 1.16%.The firm had revenue of $9.27 billion during the quarter, compared to analysts’ expectations of $9.13 billion. During the same period in the prior year, the company earned $0.06 earnings per share. The company’s quarterly revenue was up 17.8% on a year-over-year basis. As a group, research analysts expect that Coupang will post 0.17 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Pranam Kolari sold 11,653 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $31.98, for a total value of $372,662.94. Following the completion of the transaction, the vice president owned 147,023 shares in the company, valued at $4,701,795.54. This trade represents a 7.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.78% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coupang

A number of institutional investors have recently modified their holdings of CPNG. Sunbelt Securities Inc. acquired a new stake in Coupang in the 3rd quarter valued at $26,000. Albion Financial Group UT acquired a new position in shares of Coupang during the second quarter valued at about $30,000. Orion Capital Management LLC bought a new stake in shares of Coupang during the third quarter worth about $32,000. Hilltop National Bank acquired a new stake in shares of Coupang in the 3rd quarter worth about $34,000. Finally, Fifth Third Bancorp lifted its position in Coupang by 1,250.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock valued at $35,000 after acquiring an additional 1,000 shares in the last quarter. 83.72% of the stock is owned by institutional investors.

Key Stores Impacting Coupang

Here are the key news stories impacting Coupang this week:

Coupang Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Coupang (NYSE:CPNG)

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