Perfect World Co. Price Target Raised to $24.00 (PWRD)
Barclays hoisted their target price on shares of Perfect World Co. (NASDAQ:PWRD) from $23.00 to $24.00 in a research note issued on Wednesday. Barclays’ price target would suggest a potential upside of 18.93% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Pacific Crest raised their price target on shares of Perfect World Co. from $24.00 to $26.00 in a research note on Wednesday. Separately, analysts at Morgan Stanley upgraded shares of Perfect World Co. from an “equal weight” rating to an “overweight” rating in a research note on Monday. Finally, analysts at Citigroup Inc. initiated coverage on shares of Perfect World Co. in a research note on Friday, July 25th. They set a “neutral” rating and a $20.74 price target on the stock. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $24.44.
Perfect World Co. (NASDAQ:PWRD) opened at 20.18 on Wednesday. Perfect World Co. has a one year low of $16.26 and a one year high of $26.25. The stock has a 50-day moving average of $20. and a 200-day moving average of $19.88. The company has a market cap of $999.6 million and a P/E ratio of 11.51.
Perfect World Co. (NASDAQ:PWRD) last issued its quarterly earnings data on Monday, August 18th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.14. The company had revenue of $149.60 million for the quarter, compared to the consensus estimate of $150.56 million. Analysts expect that Perfect World Co. will post $2.00 EPS for the current fiscal year.
Perfect World Co, Ltd. is an online game developer and operator in People’s Republic of China. The Company primarily develops online games based on its game engines and game development platforms.
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