News headlines about NetEase (NASDAQ:NTES) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NetEase earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.0707307623746 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
NetEase (NTES) traded up $1.43 during midday trading on Monday, reaching $328.83. NetEase has a 12-month low of $233.50 and a 12-month high of $377.64. The firm has a market cap of $43,440.00, a P/E ratio of 21.49, a P/E/G ratio of 1.58 and a beta of 0.94.
NetEase (NASDAQ:NTES) last posted its earnings results on Wednesday, November 15th. The technology company reported $2.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.66 by $0.20. NetEase had a return on equity of 31.84% and a net margin of 25.34%. analysts anticipate that NetEase will post 12.85 earnings per share for the current fiscal year.
NetEase declared that its board has authorized a stock buyback plan on Wednesday, November 15th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
A number of analysts recently issued reports on the company. Vetr cut NetEase from a “buy” rating to a “hold” rating and set a $323.68 price objective for the company. in a research report on Monday, November 20th. Nomura raised NetEase from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $297.00 to $428.00 in a research report on Friday, November 17th. Deutsche Bank set a $380.00 price objective on NetEase and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Barclays set a $315.00 price objective on NetEase and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Zacks Investment Research cut NetEase from a “hold” rating to a “sell” rating in a research report on Wednesday, November 22nd. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $339.89.
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NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
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