Netease.com Coverage Initiated by Analysts at BNP Paribas (NTES)
Equities research analysts at BNP Paribas assumed coverage on shares of Netease.com (NASDAQ:NTES) in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Netease.com (NASDAQ:NTES) opened at 71.69 on Monday. Netease.com has a 52-week low of $37.00 and a 52-week high of $77.48. The stock has a 50-day moving average of $71.26 and a 200-day moving average of $62.41. The company has a market cap of $9.317 billion and a P/E ratio of 14.75.
Netease.com (NASDAQ:NTES) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $1.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.25 by $0.12. The company had revenue of $393.30 million for the quarter, compared to the consensus estimate of $363.48 million. During the same quarter last year, the company posted $1.05 earnings per share. Netease.com’s revenue was up 20.4% compared to the same quarter last year. On average, analysts predict that Netease.com will post $5.47 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse initiated coverage on shares of Netease.com (NASDAQ:NTES) in a research note to investors on Thursday. They set a “neutral” rating on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Netease.com (NASDAQ:NTES) from an “overweight” rating to a “neutral” rating in a research note to investors on Friday, August 30th. They now have a $75.00 price target on the stock, up previously from $65.00. Finally, analysts at Oppenheimer raised their price target on shares of Netease.com (NASDAQ:NTES) from $65.00 to $73.00 in a research note to investors on Friday, August 16th. They now have an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $68.99.
NetEase, Inc is a holding company. The Company is an Internet technology company. The Company provides its Internet and wireless value-added applications, services and technologies and advertising services to Guangzhou NetEase and Guangyitong Advertising and they operate the NetEase Websites and the online advertising business.
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