NetEase, Inc Given Consensus Rating of “Hold” by Brokerages (NASDAQ:NTES)
Shares of NetEase, Inc (NASDAQ:NTES) have been given a consensus rating of “Hold” by the eleven ratings firms that are presently covering the stock, AR Network reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $83.56.
Shares of NetEase, Inc (NASDAQ:NTES) opened at 87.90 on Wednesday. NetEase, Inc has a 52 week low of $62.88 and a 52 week high of $91.06. The stock has a 50-day moving average of $85.09 and a 200-day moving average of $74.53. The company has a market cap of $11.485 billion and a P/E ratio of 15.44.
NetEase, Inc (NASDAQ:NTES) last posted its quarterly earnings results on Thursday, August 14th. The company reported $1.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.46 by $0.02. On average, analysts predict that NetEase, Inc will post $6.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Wednesday, August 27th.
Several analysts have recently commented on the stock. 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.
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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