Of 16 analysts covering the stock, four have a Buy or Strong Buy rating and 11 rate it at Hold. At a recent price of around $8.90 a share, the implied gain based on a median price target of $9.00 is 1.1%. Based on the high price target of $17.00, the upside potential for the stock is about 47.6%.
Analysts expect the company to report fourth-quarter revenue of $733.7 million, which would be down 1.9% sequentially and essentially flat year over year. Adjusted EPS are expected to come in at $0.16, down 25.4% sequentially and by 23.8% year over year. For the full 2023 fiscal year, Algonquin is expected to post EPS of $0.59, down 14.2%, on revenue of $2.88 billion, up 4.1%.
The stock trades at 15.0 times expected 2023 earnings, 14.5 times estimated 2024 earnings of $0.61 per share and 14.1 times estimated 2025 earnings of $0.63 per share. The stock’s 52-week trading range is $6.41 to $14.85. Algonquin pays an annual dividend of $0.43 (yield of 7.92%). The dividend and yield reflect a $0.49 cut announced in January. Total shareholder return for the past year was negative 29.72%.
JD.com
Beijing-based JD.com Inc. (NASDAQ: JD) is China’s second-largest e-commerce company. Shares have dropped by nearly 37% over the past 12 months, including a decline of 37.5% so far in 2023. The company’s stock had been rising following an announcement by Alibaba that it would carve itself into pieces to unlock value for investors, who clearly hoped JD.com would follow suit.
Then Pinduoduo was reported to have been spreading malware that was able to snatch data from customers’ cell phones. That is the sort of thing that gives investors agita, especially when relations between the United States and China are strained.
Of 41 analysts covering the stock, 36 have a Buy or Strong Buy rating. At a share price of around $35.00, the stock’s implied upside based on a median price target of $61.15 is nearly 75%. At the high price target of $91.69, the upside potential is 165%.
Analysts expect JD.com to report first-quarter revenue of $34.85 billion, down 18.7% sequentially and 7.8% lower year over year. Adjusted EPS are expected to come in at $0.51, down 27.4% sequentially but 27.5% higher year over year. For the full 2023 fiscal year, EPS are forecast at $2.78, up 8.3%, on sales of $160.03 billion, up 5.5% year over year.
JD.com stock trades at 12.6 times expected 2023 EPS, 10.2 times estimated 2024 earnings of $3.43 and 8.8 times estimated 2025 earnings of $4.00 per share. The stock’s 52-week range is $33.17 to $68.29, and the company pays a dividend of $0.62 (yield of 1.73%). Total shareholder return over the past year is negative 28.46%.
Originally published at 24/7 Wall St.
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