Perfect World Co Ltd (NASDAQ: PWRD) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Thursday. They currently have a $10.10 price target on the stock.

PWRD has been the subject of a number of other recent research reports. Analysts at Bank of America reiterated a “buy” rating on shares of Perfect World Co Ltd in a research note to investors on Wednesday. They now have a $12.20 price target on the stock, down previously from $13.50. Separately, analysts at Piper Jaffray cut their price target on shares of Perfect World Co Ltd to $14.00 in a research note to investors on Tuesday. Finally, analysts at Barclays Capital reiterated an “equal weight” rating on shares of Perfect World Co Ltd in a research note to investors on Tuesday. They now have a $12.30 price target on the stock, down previously from $13.50.

Perfect World Co Ltd (NASDAQ: PWRD) traded down 0.85% on Thursday, hitting $10.54. Perfect World Co Ltd has a 52-week low of $8.92 and a 52-week high of $17.46. The stock’s 50-day moving average is currently $11.52. The company has a market cap of $509.5 million and a price-to-earnings ratio of 4.53.

Perfect World Co Ltd (NASDAQ: PWRD) last posted its quarterly earnings results on Monday, March 11th. The company reported $2.90 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.53 by $0.37. The company had revenue of $679.90 million for the quarter, compared to the consensus estimate of $680.22 million. During the same quarter in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was down 12.4% on a year-over-year basis. Analysts expect that Perfect World Co Ltd will post $9.97 EPS for the current fiscal year.

Perfect World Co, Ltd. is an online game developer and operator in People’s Republic of China. The Company primarily develops online games based on its game engines and game development platforms.

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