Netease.com Now Covered by Standpoint Research (NTES)
Analysts at Standpoint Research assumed coverage on shares of Netease.com (NASDAQ:NTES) in a research report issued to clients and investors on Wednesday, AR Network reports. The firm set a “buy” rating and a $90.00 price target on the stock. Standpoint Research’s target price suggests a potential upside of 29.44% from the stock’s previous close.
Netease.com (NASDAQ:NTES) traded down 0.79% during mid-day trading on Wednesday, hitting $68.98. The stock had a trading volume of 61,154 shares. Netease.com has a one year low of $51.33 and a one year high of $84.35. The stock’s 50-day moving average is $67.23 and its 200-day moving average is $70.85. The company has a market cap of $8.968 billion and a price-to-earnings ratio of 12.82.
Netease.com (NASDAQ:NTES) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.42 by $0.15. The company had revenue of $427.00 million for the quarter, compared to the consensus estimate of $407.79 million. During the same quarter last year, the company posted $1.23 earnings per share. Netease.com’s revenue was up 14.3% compared to the same quarter last year. Analysts expect that Netease.com will post $5.82 EPS 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 in a research note on Wednesday, March 12th. They set a “neutral” rating and a $76.00 price target on the stock. Analysts at Morgan Stanley downgraded shares of Netease.com to an “overweight” rating in a research note on Thursday, February 13th. They now have a $79.00 price target on the stock, up previously from $77.00. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $74.10.
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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