NetEase Inc. (NTES) Reaches New 12-Month High at $224.18
NetEase Inc. (NASDAQ:NTES)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $224.18 and last traded at $221.65, with a volume of 1,241,710 shares. The stock had previously closed at $214.91.
Several equities analysts have weighed in on the company. Brean Capital reissued a “buy” rating on shares of NetEase in a research report on Wednesday, August 31st. Zacks Investment Research raised NetEase from a “hold” rating to a “strong-buy” rating and set a $244.00 price target for the company in a research report on Tuesday, August 23rd. Credit Suisse Group AG assumed coverage on NetEase in a research report on Friday, August 19th. They set a “neutral” rating and a $230.00 price target for the company. Vetr downgraded NetEase from a “buy” rating to a “hold” rating and set a $212.23 price target for the company. in a research report on Monday, August 15th. Finally, Deutsche Bank AG raised their price target on NetEase from $190.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, June 24th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $193.16.
The firm’s 50-day moving average price is $205.89 and its 200 day moving average price is $168.60. The stock has a market cap of $29.24 billion and a PE ratio of 21.30.
NetEase (NASDAQ:NTES) last released its earnings results on Wednesday, August 17th. The company reported $3.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $1.06. On average, equities analysts forecast that NetEase Inc. will post $12.09 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Monday, August 29th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.45%. This is an increase from NetEase’s previous quarterly dividend of $0.73.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.