Baozun (NASDAQ:BZUN) Coverage Initiated by Analysts at HSBC

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Analysts at HSBC assumed coverage on shares of Baozun (NASDAQ:BZUN) in a report released on Monday, BenzingaRatingsTable reports. The brokerage set a “hold” rating and a $41.50 price target on the technology company’s stock. HSBC’s price objective would suggest a potential upside of 17.60% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. BidaskClub lowered shares of Baozun from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. ValuEngine upgraded Baozun from a “sell” rating to a “hold” rating in a research note on Thursday, November 21st. Credit Suisse Group downgraded Baozun from an “outperform” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a research note on Friday, November 22nd. Bank of America reduced their price objective on Baozun from $53.00 to $49.00 and set a “buy” rating for the company in a report on Monday, August 26th. Finally, Zacks Investment Research downgraded Baozun from a “hold” rating to a “sell” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $50.10.

BZUN opened at $35.29 on Monday. Baozun has a twelve month low of $27.81 and a twelve month high of $56.47. The company’s 50-day moving average price is $40.88 and its two-hundred day moving average price is $44.62. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 53.47 and a beta of 3.11. The company has a quick ratio of 2.52, a current ratio of 3.02 and a debt-to-equity ratio of 0.91.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Baozun in the second quarter worth about $8,237,000. Janney Montgomery Scott LLC bought a new position in Baozun in the 2nd quarter worth approximately $382,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Baozun by 35.7% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,864 shares of the technology company’s stock worth $342,000 after buying an additional 1,807 shares during the period. Baillie Gifford & Co. boosted its holdings in Baozun by 16.9% in the 2nd quarter. Baillie Gifford & Co. now owns 1,321,104 shares of the technology company’s stock worth $65,870,000 after buying an additional 190,634 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Baozun by 5.0% in the 2nd quarter. Victory Capital Management Inc. now owns 259,294 shares of the technology company’s stock valued at $12,928,000 after buying an additional 12,290 shares in the last quarter. 68.35% of the stock is currently owned by institutional investors and hedge funds.

Baozun Company Profile

Baozun Inc provides brand e-commerce service to brand partners in the People's Republic of China. It offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, sale 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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Analyst Recommendations for Baozun (NASDAQ:BZUN)

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