Market Rating: Jefferies Gives NetEase (NASDAQ:NTES) a Better Buy Rating

November 28, 2016 - By Richard Conner

Market Rating:  Jefferies Gives NetEase (NASDAQ:NTES) a Better Buy Rating

NetEase (NASDAQ:NTES) Upgrade

In a research note revealed today, Jefferies upped shares of NetEase (NASDAQ:NTES) to a Buy rating from Hold rating.

NetEase Inc (ADR) (NASDAQ:NTES) Ratings Coverage

Out of 13 analysts covering NetEase (NASDAQ:NTES), 9 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 69% are positive. $280 is the highest target while $145.0 is the lowest. The $201.55 average target is -13.10% below today’s ($231.92) stock price. NetEase has been the topic of 19 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Nomura initiated the stock with “Neutral” rating in Friday, January 22 report. The stock has “Outperform” rating given by CLSA on Monday, October 3. As per Friday, October 16, the company rating was downgraded by Standpoint Research. The firm has “Buy” rating by Brean Capital given on Monday, July 18. On Wednesday, August 12 the stock rating was upgraded by Vetr to “Hold”. The stock of NetEase Inc (ADR) (NASDAQ:NTES) earned “Hold” rating by Standpoint Research on Wednesday, August 26. The rating was initiated by Credit Suisse on Friday, August 19 with “Neutral”. Credit Agricole downgraded NetEase Inc (ADR) (NASDAQ:NTES) on Thursday, February 25 to “Underperform” rating. The rating was maintained by JP Morgan on Thursday, February 25 with “Overweight”. The stock of NetEase Inc (ADR) (NASDAQ:NTES) has “Hold” rating given on Thursday, September 29 by Jefferies.

About 1.29M shares traded hands or 3.20% up from the average. NetEase Inc (ADR) (NASDAQ:NTES) has risen 70.64% since April 25, 2016 and is uptrending. It has outperformed by 64.63% the S&P500.

Analysts await NetEase Inc (ADR) (NASDAQ:NTES) to report earnings on February, 22. They expect $3.68 earnings per share, up 46.03% or $1.16 from last year’s $2.52 per share. NTES’s profit will be $478.52M for 15.74 P/E if the $3.68 EPS becomes a reality. After $3.11 actual earnings per share reported by NetEase Inc (ADR) for the previous quarter, Wall Street now forecasts 18.33% EPS growth.

NetEase, Inc. is a technology company. The company has a market cap of $30.16 billion. The Firm operates an interactive online community in China and is a well-known provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. It has a 23 P/E ratio. The Firm operates through three divisions: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.

According to Zacks Investment Research, “NetEase, Inc. is an Internet technology company engaged in the development of applications, services and other technologies for the Internet in China. It provides online gaming services that include in-house developed massively multi-player online role-playing games and licensed titles. NetEase also provides online advertising, community services, entertainment content, free e-mail services and micro-blogging services. The Company also offers wireless value-added services such as news and information content, matchmaking services, music and photos from the web that are sent over SMS, MMS, WAP, IVR and Color Ring-back Tone technologies. NetEase, Inc., formerly known as NetEase.com, Inc., is based in Beijing, the People’s Republic of China.”

NTES Company Profile

NetEase, Inc. (NetEase), incorporated on July 6, 1999, is a technology company. The Firm operates an interactive online community in China and is a well-known provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Firm operates through three divisions: Online Game Services; Advertising Services, and E-mail, E-commerce and Others. The Firm is engaged in the development of applications, services and other technologies for the Internet in China.

Another recent and important NetEase Inc (ADR) (NASDAQ:NTES) news was published by Marketwatch.com which published an article titled: “/quotes/zigman/3870025/realtime” on August 12, 2009.

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