Perfect World Co. (PWRD) – Investment Analysts’ Recent Ratings Updates
A number of firms have modified their ratings and price targets on shares of Perfect World Co. (NASDAQ: PWRD) recently:
- Perfect World Co. was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating.
- Perfect World Co. had its price target raised by analysts at Barclays from $23.00 to $24.00.
- Perfect World Co. had its price target raised by analysts at Pacific Crest from $24.00 to $26.00. They now have an “outperform” rating on the stock. They wrote, “Q2 revenue of $149.6 million was slightly higher than our estimate of $147.0 million. Growth in Q2 was mainly driven by strength in key PC titles like Swordsman Online and DOTA2, along with continued strength in mobile titles. EPS of $0.52 was higher than our estimate of $0.48, but that was mainly driven by a lower effective tax rate in Q2. A reported tax rate of 6.2% versus our expectations of 17.5% led to an EPS benefit of $0.04.”
- Perfect World Co. was upgraded by analysts at Zacks from a “neutral” rating to an “outperform” rating. They now have a $23.60 price target on the stock.
Perfect World Co., Ltd. (NASDAQ:PWRD) opened at 21.05 on Thursday. Perfect World Co., Ltd. has a 1-year low of $16.26 and a 1-year high of $26.25. The stock’s 50-day moving average is $20.49 and its 200-day moving average is $19.89. The company has a market cap of $1.043 billion and a P/E ratio of 10.12.
Perfect World Co. (NASDAQ:PWRD) last issued its quarterly earnings data on Monday, August 18th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ 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., Ltd. 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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