Rating Worth Mentioning Today: Jefferies & Co: Time To Have Faith In NetEase Inc (NASDAQ:NTES)

November 28, 2016 - By whatsonthorold

Rating Worth Mentioning Today:  Jefferies & Co: Time To Have Faith In NetEase Inc (NASDAQ:NTES)

NetEase Inc (NASDAQ:NTES) Upgrade

Jefferies & Co upped shares of NetEase Inc (NASDAQ:NTES) from a Hold rating to Buy rating in a a research note issued to clients on 28 November.

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 -13.13% below today’s ($232) stock price. NetEase has been the topic of 19 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Brean Capital initiated it with “Buy” rating and $235 target price in Monday, July 18 report. On Wednesday, August 12 the stock rating was upgraded by Vetr to “Hold”. The stock of NetEase Inc (ADR) (NASDAQ:NTES) earned “Outperform” rating by CLSA on Monday, October 3. Nomura initiated NetEase Inc (ADR) (NASDAQ:NTES) rating on Friday, January 22. Nomura has “Neutral” rating and $166 price target. Credit Suisse maintained NetEase Inc (ADR) (NASDAQ:NTES) on Monday, September 21 with “Outperform” rating. The firm has “Buy” rating by Goldman Sachs given on Wednesday, November 25. The company was initiated on Thursday, September 29 by Jefferies. The stock of NetEase Inc (ADR) (NASDAQ:NTES) has “Neutral” rating given on Friday, August 19 by Credit Suisse. The rating was downgraded by Credit Agricole to “Underperform” on Thursday, February 25. The firm has “Overweight” rating by Morgan Stanley given on Thursday, November 10.

About 1.36M shares traded hands or 8.80% 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 EPS, up 46.03% or $1.16 from last year’s $2.52 per share. NTES’s profit will be $478.56 million for 15.76 P/E if the $3.68 EPS becomes a reality. After $3.11 actual EPS 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 $30.17 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 23.01 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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