Netshoes (CAYMAN) Ltd (NETS) Given $23.00 Consensus Price Target by Analysts
Netshoes (CAYMAN) Ltd (NASDAQ:NETS) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokers have set a 1 year consensus price target of $23.00 for the company and are predicting that the company will post ($0.23) EPS for the current quarter, according to Zacks. Zacks has also given Netshoes (CAYMAN) an industry rank of 45 out of 265 based on the ratings given to its competitors.
NETS has been the subject of a number of analyst reports. Zacks Investment Research raised Netshoes (CAYMAN) from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Tuesday. Goldman Sachs Group, Inc. (The) initiated coverage on Netshoes (CAYMAN) in a report on Monday, May 15th. They issued a “buy” rating and a $24.50 price target for the company. J P Morgan Chase & Co initiated coverage on Netshoes (CAYMAN) in a report on Monday, May 8th. They issued an “overweight” rating and a $18.00 price target for the company. Jefferies Group LLC initiated coverage on Netshoes (CAYMAN) in a report on Monday, May 8th. They issued a “buy” rating and a $19.00 price target for the company. Finally, Bradesco Corretora reissued an “outperform” rating and issued a $26.00 price target on shares of Netshoes (CAYMAN) in a report on Tuesday, May 9th.
Shares of Netshoes (NETS) traded down 1.05% during mid-day trading on Tuesday, hitting $18.82. The company’s stock had a trading volume of 52,323 shares. The stock has a 50-day moving average of $20.30 and a 200-day moving average of $18.10. Netshoes has a 12-month low of $12.49 and a 12-month high of $26.96. The company’s market cap is $393.32 million.
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About Netshoes (CAYMAN)
Netshoes (Cayman) Limited is a sports and lifestyle online retailer in Latin America. The Company focuses on offering an online consumer platform in Latin America. The Company operates through two segments: Brazil and International. The Company operates in Brazil, Argentina, and Mexico. The Brazil segment consists of retail sales of consumer products from all of its verticals (which includes sales of sporting goods and related garments, as well as fashion and beauty goods) carried out through its sites Netshoes.com.br and Zattini.com.br and third-party sites that it manages, as well as its business to business offline operation.
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