NetEase, Inc Rating Increased to Buy at T.H. Capital (NTES)
NetEase, Inc (NASDAQ:NTES) was upgraded by stock analysts at T.H. Capital to a “buy” rating in a report issued on Friday. The firm currently has a $95.00 price objective on the stock. T.H. Capital’s price objective would indicate a potential upside of 9.25% from the company’s current price.
NetEase, Inc (NASDAQ:NTES) traded up 1.81% on Friday, hitting $86.96. The stock had a trading volume of 560,711 shares. NetEase, Inc has a one year low of $62.88 and a one year high of $87.42. The stock has a 50-day moving average of $81.6 and a 200-day moving average of $73.28. The company has a market cap of $11.362 billion and a price-to-earnings ratio of 15.02.
NetEase, Inc (NASDAQ:NTES) last posted its quarterly earnings results on Thursday, August 14th. The company reported $1.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.46 by $0.02. On average, analysts predict that NetEase, Inc will post $6.05 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer raised their price target on shares of NetEase, Inc from $80.00 to $95.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Macquarie raised their price target on shares of NetEase, Inc from $84.00 to $100.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Citigroup Inc. initiated coverage on shares of NetEase, Inc in a research note on Tuesday. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $82.70.
NetEase, Inc is a holding company. The Company is an Internet technology company. The Company operates in three segments: Online Game Services, Advertising Services and E-mail, Wireless Value-added Services and Others.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.