Daiwa Capital Gives NetEase (NASDAQ:NTES) a Higher Rating. Raises its “Outperform” Rating

May 17, 2018 - By Ann Prendergast

NetEase (NASDAQ:NTES) Stock Upgrade

NetEase (NASDAQ:NTES)‘s stock was upgraded to a solid “Buy” by investment analysts at Daiwa Capital. NTES’s past “Outperform” rating is has been discontinued by the brokerage firm.

NetEase, Inc. (NASDAQ:NTES) Ratings Coverage

Among 6 analysts covering NetEase Inc (NASDAQ:NTES), 2 have Buy rating, 2 Sell and 2 Hold. Therefore 33% are positive. NetEase Inc has $355.0 highest and $24000 lowest target. $302’s average target is 22.68% above currents $246.16 stock price. NetEase Inc had 8 analyst reports since November 21, 2017 according to SRatingsIntel. The firm earned “Sell” rating on Tuesday, February 27 by Bernstein. The firm earned “Hold” rating on Monday, December 18 by Jefferies. The company was maintained on Tuesday, January 23 by Jefferies. Jefferies maintained the shares of NTES in report on Tuesday, April 10 with “Hold” rating. The stock of NetEase, Inc. (NASDAQ:NTES) has “Buy” rating given on Wednesday, April 25 by CLSA. The firm has “Hold” rating by Barclays Capital given on Tuesday, November 21.

The stock decreased 7.46% or $19.84 during the last trading session, reaching $246.16. About 4.81M shares traded or 358.76% up from the average. NetEase, Inc. (NASDAQ:NTES) has declined 2.94% since May 18, 2017 and is downtrending. It has underperformed by 14.49% the S&P500.

NetEase, Inc. operates an interactive online community in the People's Republic of China. The company has market cap of $32.33 billion. The firm operates through Online Game Services; Advertising Services; and E-mail, E-commerce and Others divisions. It has a 19.31 P/E ratio. It offers PC-client massively multi-player online role-playing games and mobile games; and distributes its point cards to gamers.

More notable recent NetEase, Inc. (NASDAQ:NTES) news were published by: Fool.com which released: “Can NetEase Stock Bounce Back on Wednesday?” on May 15, 2018, also Benzinga.com with their article: “Earnings Scheduled For May 16, 2018” published on May 16, 2018, Benzinga.com published: “22 Stocks Moving In Thursday’s Pre-Market Session” on May 17, 2018. More interesting news about NetEase, Inc. (NASDAQ:NTES) were released by: Seekingalpha.com and their article: “NetEase, Inc 2018 Q1 – Results – Earnings Call Slides” published on May 17, 2018 as well as Prnewswire.com‘s news article titled: “NetEase Reports First Quarter 2018 Unaudited Financial Results” with publication date: May 16, 2018.

NetEase, Inc. (NASDAQ:NTES) Ratings Chart

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