Weekly Investment Analysts’ Ratings Changes for Perfect World Co. (PWRD)
Perfect World Co. (NASDAQ: PWRD) received a number of price target changes and ratings updates during the last week:
- 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 21.00 on Thursday. Perfect World Co., Ltd. has a 1-year low of $16.26 and a 1-year high of $26.25. The stock has a 50-day moving average of $20. and a 200-day moving average of $19.98. The company has a market cap of $1.042 billion and a price-to-earnings ratio of 9.55.
Perfect World Co. (NASDAQ:PWRD) last released its 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. On average, analysts predict that Perfect World Co., Ltd. will post $2.04 earnings per share 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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