NetEase, Inc Reaches New 1-Year High at $91.06 (NTES)
NetEase, Inc (NASDAQ:NTES) shares reached a new 52-week high during trading on Tuesday , AnalystRatingsNetwork.com reports. The company traded as high as $91.06 and last traded at $90.25, with a volume of 271,083 shares. The stock had previously closed at $89.54.
NTES has been the subject of a number of recent research reports. Analysts at T.H. Capital upgraded shares of NetEase, Inc to a “buy” rating in a research note on Friday, August 15th. They now have a $95.00 price target on the stock. Separately, analysts at Oppenheimer raised their price target on shares of NetEase, Inc from $80.00 to $95.00 in a research note on Friday, August 15th. They now have an “outperform” rating on the stock. Finally, analysts at Macquarie raised their price target on shares of NetEase, Inc from $84.00 to $100.00 in a research note on Thursday, August 14th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $82.70.
The stock has a 50-day moving average of $83.18 and a 200-day moving average of $73.92. The company has a market cap of $11.775 billion and a P/E ratio of 15.74.
NetEase, Inc (NASDAQ:NTES) last announced its 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. Analysts expect that NetEase, Inc will post $6.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Friday, August 29th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, August 27th.
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.
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