Home Online Earning NetEase (NTES) Earning Somewhat Positive Media Coverage, Report Shows

NetEase (NTES) Earning Somewhat Positive Media Coverage, Report Shows

7 min read

Press coverage about NetEase (NASDAQ:NTES) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. NetEase earned a news impact score of 0.10 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 46.0728672613394 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

Shares of NetEase (NASDAQ:NTES) opened at $345.07 on Friday. NetEase has a 12 month low of $214.75 and a 12 month high of $377.64. The firm has a market capitalization of $46,230.00, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 1.95 and a beta of 0.95.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, December 1st were paid a dividend of $0.717 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $2.87 dividend on an annualized basis and a yield of 0.83%. NetEase’s dividend payout ratio (DPR) is presently 23.90%.

NetEase declared that its Board of Directors has approved a stock repurchase program on Wednesday, November 15th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Several analysts have weighed in on NTES shares. Jefferies Group downgraded NetEase from a “buy” rating to a “hold” rating and reduced their price objective for the company from $330.00 to $290.00 in a research report on Tuesday, October 3rd. Vetr upgraded NetEase from a “buy” rating to a “strong-buy” rating and set a $320.50 price objective on the stock in a research report on Wednesday, September 20th. Benchmark reduced their target price on NetEase from $360.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, November 16th. Deutsche Bank set a $334.00 target price on NetEase and gave the stock a “buy” rating in a research report on Thursday, November 16th. Finally, Citigroup reiterated a “buy” rating and set a $351.00 target price on shares of NetEase in a research report on Thursday, November 16th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. NetEase currently has an average rating of “Hold” and an average price target of $327.05.

TRADEMARK VIOLATION NOTICE: “NetEase (NTES) Earning Somewhat Positive Media Coverage, Report Shows” was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this article on another website, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this article can be viewed at https://www.thelincolnianonline.com/2017/12/31/netease-ntes-given-media-impact-score-of-0-10-updated-updated.html.

NetEase Company Profile

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.

Insider Buying and Selling by Quarter for NetEase (NASDAQ:NTES)

Receive News & Ratings for NetEase Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NetEase and related companies with MarketBeat.com’s FREE daily email newsletter.

Let’s block ads! (Why?)

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Brian Armstrong Claims Coinbase Is Registering 50,000 New Users Per Day

Brian Armstrong, CEO of the cryptocurrency platform giant Coinbase, claimed in an intervie…