Perfect World Co Ltd (NASDAQ:PWRD) was downgraded by equities researchers at TheStreet from a “buy” rating to a “hold” rating in a research report issued on Friday, Analyst Ratings Network.com reports.
The analysts wrote, “Perfect World Co. Ltd. ADR repr Class B (PWRD) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company’s earnings per share, deteriorating net income and disappointing return on equity.”
Perfect World Co Ltd (NASDAQ:PWRD) traded down 3.51% during mid-day trading on Friday, hitting $18.15. 229,163 shares of the company’s stock traded hands. Perfect World Co Ltd has a 1-year low of $9.72 and a 1-year high of $22.82. The stock has a 50-day moving average of $18.30 and a 200-day moving average of $18.71. The company has a market cap of $893.3 million and a price-to-earnings ratio of 13.83.
Perfect World Co Ltd (NASDAQ:PWRD) last announced its earnings results on Monday, November 25th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.13. The company had revenue of $136.20 million for the quarter, compared to the consensus estimate of $131.53 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 23.0% on a year-over-year basis. Analysts expect that Perfect World Co Ltd will post $1.50 EPS for the current fiscal year.
A number of other firms have also recently commented on PWRD. Analysts at Zacks downgraded shares of Perfect World Co Ltd from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, October 18th. They now have a $18.70 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Perfect World Co Ltd currently has an average rating of “Hold” and a consensus price target of $18.12.
Perfect World Co, Ltd. is an online game developer and operator in People’s Republic of China. The Company primarily develops online games based on its game engines and game development platforms.
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