Perfect World Co. Upgraded to “Outperform” by Zacks (PWRD)
Perfect World Co. (NASDAQ:PWRD) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Wednesday. The firm currently has a $23.60 target price on the stock. Zacks‘s target price suggests a potential upside of 16.95% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Perfect World Co. from $23.00 to $24.00 in a research note on Wednesday. Separately, 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. They now have an “outperform” rating on the stock. Finally, 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Perfect World Co. currently has a consensus rating of “Buy” and a consensus price target of $24.27.
Shares of Perfect World Co. (NASDAQ:PWRD) traded up 5.35% during mid-day trading on Wednesday, hitting $21.26. The stock had a trading volume of 704,151 shares. Perfect World Co. has a 1-year low of $16.26 and a 1-year high of $26.25. The stock’s 50-day moving average is $20. and its 200-day moving average is $19.88. The company has a market cap of $1.053 billion and a price-to-earnings ratio of 10.12.
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.
To view Zacks’ full report, visit Zacks’ official website.
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