Coupang, Inc. (NYSE:CPNG) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Coupang, with six buys, four holds and two sells. The average 12-month price target is approximately $25.39, though recent targets range from $22 to $31.
• Coupang shares opened at $16.04, down 4.4%, and remain well below their 52-week high of $34.08. The stock trades at a negative P/E ratio, reflecting continued losses.
• The company reported quarterly revenue of $8.50 billion, up 7.5% year over year, but missed earnings expectations with a loss of $0.15 per share versus the $0.09 loss analysts anticipated. Institutional investors own 83.72% of the stock.

Coupang, Inc. (NYSE:CPNG - Get Free Report) has received a consensus recommendation of "Hold" from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $25.3917.

A number of analysts recently issued reports on the company. The Goldman Sachs Group set a $31.00 price target on Coupang in a report on Thursday, July 9th. Barclays reiterated an "overweight" rating and issued a $29.00 target price on shares of Coupang in a report on Tuesday, July 7th. CLSA assumed coverage on shares of Coupang in a research note on Monday, June 15th. They issued an "outperform" rating and a $24.00 price objective for the company. Mizuho set a $22.00 target price on shares of Coupang in a research report on Wednesday. Finally, Bank of America reduced their price target on shares of Coupang from $27.00 to $24.00 and set a "buy" rating for the company in a report on Wednesday.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CPNG. Sunbelt Securities Inc. purchased a new position in Coupang in the third quarter valued at about $26,000. Reflection Asset Management bought a new position in shares of Coupang during the 4th quarter worth approximately $28,000. Webster Bank N. A. lifted its position in Coupang by 325.8% during the first quarter. Webster Bank N. A. now owns 1,699 shares of the company's stock valued at $32,000 after acquiring an additional 1,300 shares during the last quarter. Main Street Group LTD acquired a new stake in Coupang in the first quarter valued at approximately $40,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in Coupang in the fourth quarter worth $42,000. 83.72% of the stock is owned by institutional investors.

Coupang Stock Down 4.4%

NYSE:CPNG opened at $16.04 on Thursday. The company has a market cap of $28.79 billion, a price-to-earnings ratio of -37.30 and a beta of 1.13. Coupang has a twelve month low of $14.92 and a twelve month high of $34.08. The company has a current ratio of 0.97, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $17.02 and a 200-day simple moving average of $18.20.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The company had revenue of $8.50 billion during the quarter, compared to analysts' expectations of $8.48 billion. Coupang had a negative return on equity of 8.06% and a negative net margin of 2.16%.The company's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 EPS. Analysts anticipate that Coupang will post -0.33 EPS for the current year.

About Coupang

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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