NetEase Inc (ADR) (NTES) was Downgraded by Credit Suisse to ” Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 230 from a previous price target of $200 . Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their investors in a research report released on Aug 19, 2016.
Many Wall Street Analysts have commented on NetEase Inc (ADR). Brean Capital Initiated NetEase Inc (ADR) on Jul 18, 2016 to “Buy”, Price Target of the shares are set at $235.
On the company’s financial health, NetEase Inc (ADR) reported $2.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.32 according to the earnings call on Nov 11, 2015. Analyst had a consensus of $2.12. The company had revenue of $1049.75 million for the quarter, compared to analysts expectations of $876.46 million. The company’s revenue was up 114.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS.
NetEase Inc (ADR) opened for trading at $214.27 and hit $215.49 on the upside on Wednesday, eventually ending the session at $213.33, with a gain of 0.06% or 0.13 points. The heightened volatility saw the trading volume jump to 11,32,550 shares. Company has a market cap of $28,048 M.
NetEase Inc. (NetEase) is a holding company. The Company through its subsidiaries and contracts with its affiliates Guangzhou NetEase Computer System Co. Ltd. Beijing Guangyitong Advertising Co. Ltd. Shanghai EaseNet Network Technology Co. Ltd. and certain other affiliated companies operates an interactive online community in China and is a provider of Chinese language content and services through its online games Internet portal e-mail e-commerce and other businesses. The Company operates in three segments: Online Game Services Advertising Services and E-mail E-commerce and Others. The Company conducts its business mainly in China.