Recent Analysts’ Ratings Changes for NetEase (NTES)

NetEase (NASDAQ: NTES) recently received a number of ratings updates from brokerages and research firms:

  • 2/8/2018 – NetEase was upgraded by analysts at CLSA from a “sell” rating to an “underperform” rating.
  • 2/6/2018 – NetEase had its price target raised by analysts at Benchmark Co. to $355.00. They now have a “buy” rating on the stock.
  • 1/30/2018 – NetEase was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $363.00 price target on the stock.
  • 1/23/2018 – NetEase was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 1/22/2018 – NetEase was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $355.00 price target on the stock.
  • 1/18/2018 – NetEase had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc. They now have a $432.00 price target on the stock, up previously from $340.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/17/2018 – NetEase was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “NetEase, Inc. is an Internet technology company engaged in the development of applications, services and other technologies for the Internet in China. It provides online gaming services that include in-house developed massively multi-player online role-playing games and licensed titles. NetEase also provides online advertising, community services, entertainment content, free e-mail services and micro-blogging services. The Company also offers wireless value-added services such as news and information content, matchmaking services, music and photos from the web that are sent over SMS, MMS, WAP, IVR and Color Ring-back Tone technologies. NetEase, Inc., formerly known as NetEase.com, Inc., is based in Beijing, the People’s Republic of China. “
  • 1/11/2018 – NetEase was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/10/2018 – NetEase was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $375.44 price target on the stock.
  • 1/2/2018 – NetEase was given a new $315.00 price target on by analysts at Barclays PLC. They now have an “equal weight” rating on the stock.
  • 1/2/2018 – NetEase was given a new $380.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock.
  • 1/1/2018 – NetEase was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $363.82 price target on the stock.

NetEase Inc (NTES) traded up $2.02 during midday trading on Monday, reaching $291.63. The company had a trading volume of 2,421,500 shares, compared to its average volume of 1,439,605. NetEase Inc has a 52 week low of $252.54 and a 52 week high of $377.64. The company has a market cap of $38,750.00, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 1.66 and a beta of 0.75.

NetEase (NASDAQ:NTES) last released its quarterly earnings data on Wednesday, November 15th. The technology company reported $2.86 EPS for the quarter, topping the consensus estimate of $2.66 by $0.20. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.84 billion. NetEase had a return on equity of 24.93% and a net margin of 19.64%. sell-side analysts anticipate that NetEase Inc will post 13.3 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 23rd will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.52 annualized dividend and a yield of 0.52%. NetEase’s payout ratio is 23.14%.

NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.

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