Shares of NetEase, Inc. (NASDAQ:NTES – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $123.00.
Several analysts have recently weighed in on NTES shares. HSBC reduced their price objective on shares of NetEase from $130.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Morgan Stanley restated an “equal weight” rating and issued a $100.00 price objective on shares of NetEase in a research note on Thursday. Barclays assumed coverage on NetEase in a report on Thursday, June 13th. They set an “equal weight” rating and a $104.00 price objective on the stock. Benchmark boosted their target price on NetEase from $144.00 to $145.00 and gave the company a “buy” rating in a report on Friday, May 24th. Finally, StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research note on Thursday.
Check Out Our Latest Research Report on NTES
Institutional Investors Weigh In On NetEase
NetEase Price Performance
Shares of NASDAQ NTES opened at $95.58 on Wednesday. The business has a 50-day moving average of $94.92 and a two-hundred day moving average of $98.34. The company has a market capitalization of $61.38 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 1.86 and a beta of 0.52. NetEase has a 1 year low of $81.30 and a 1 year high of $118.89.
NetEase (NASDAQ:NTES – Get Free Report) last posted its earnings results on Thursday, May 23rd. The technology company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.05). The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.61 billion. NetEase had a return on equity of 24.19% and a net margin of 28.75%. As a group, equities research analysts expect that NetEase will post 6.68 earnings per share for the current year.
NetEase Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Thursday, June 6th were given a $0.495 dividend. This represents a $1.98 annualized dividend and a yield of 2.07%. The ex-dividend date was Thursday, June 6th. NetEase’s dividend payout ratio (DPR) is presently 30.54%.
NetEase Company Profile
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.
See Also
- Five stocks we like better than NetEase
- How to Start Investing in Real Estate
- Upwork Stock’s Outlook: Numbers Solid Despite Gen-AI Challenges
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- Where to Find Earnings Call Transcripts
- MarketBeat Week in Review – 6/24 – 6/28
Receive News & Ratings for NetEase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetEase and related companies with MarketBeat.com's FREE daily email newsletter.