Positive Media Coverage Somewhat Unlikely to Affect Vipshop (VIPS) Stock Price

News coverage about Vipshop (NYSE:VIPS) has trended positive on Tuesday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Vipshop earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 45.8024676698796 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Shares of Vipshop (NYSE:VIPS) traded up $0.26 during mid-day trading on Tuesday, hitting $12.01. 20,110,675 shares of the stock were exchanged, compared to its average volume of 7,001,981. Vipshop has a 1 year low of $7.79 and a 1 year high of $15.49. The company has a market cap of $4,980.36, a PE ratio of 14.81 and a beta of 2.10. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 0.54.

Several research analysts have commented on VIPS shares. Zacks Investment Research raised shares of Vipshop from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Wednesday, August 23rd. BidaskClub downgraded shares of Vipshop from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 30th. KeyCorp set a $13.00 price target on shares of Vipshop and gave the stock a “buy” rating in a research note on Thursday, October 19th. UBS began coverage on shares of Vipshop in a report on Monday, October 30th. They issued a “neutral” rating and a $9.00 target price on the stock. Finally, J P Morgan Chase & Co cut their target price on shares of Vipshop from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday, November 22nd. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $12.95.

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About Vipshop

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

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