NetEase, Inc. (NASDAQ:NTES – Get Free Report) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $123.00.
Several equities research analysts recently issued reports on NTES shares. StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 27th. Benchmark upped their price target on NetEase from $144.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. HSBC lowered their price objective on NetEase from $130.00 to $126.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Barclays started coverage on NetEase in a report on Thursday, June 13th. They issued an “equal weight” rating and a $104.00 target price for the company. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $100.00 price target on shares of NetEase in a report on Thursday, June 27th.
Get Our Latest Stock Report on NetEase
Institutional Investors Weigh In On NetEase
NetEase Price Performance
NASDAQ:NTES opened at $93.96 on Wednesday. The stock has a market cap of $60.34 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 1.91 and a beta of 0.53. NetEase has a fifty-two week low of $81.30 and a fifty-two week high of $118.89. The stock’s 50-day moving average is $94.95 and its two-hundred day moving average is $98.29.
NetEase (NASDAQ:NTES – Get Free Report) last posted its quarterly earnings results on Thursday, May 23rd. The technology company reported $1.63 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.05). NetEase had a net margin of 28.75% and a return on equity of 24.19%. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.61 billion. On average, equities research analysts anticipate that NetEase will post 6.68 earnings per share for the current year.
NetEase Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Thursday, June 6th were issued a dividend of $0.495 per share. The ex-dividend date was Thursday, June 6th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.11%. NetEase’s dividend payout ratio (DPR) is presently 30.54%.
About NetEase
NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.
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