Perfect World Co Ltd (NASDAQ:PWRD) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Friday, AR Network reports. They currently have a $18.70 price objective on the stock. Zacks‘ price target points to a potential downside of 4.79% from the stock’s previous close.
Perfect World Co Ltd (NASDAQ:PWRD) traded down 0.36% on Friday, hitting $19.5701. 510,904 shares of the company’s stock traded hands. Perfect World Co Ltd has a 52-week low of $9.72 and a 52-week high of $22.82. The stock’s 50-day moving average is $20.18 and its 200-day moving average is $16.93. The company has a market cap of $953.7 million and a P/E ratio of 15.64.
Perfect World Co Ltd (NASDAQ:PWRD) last issued its quarterly earnings data on Monday, August 19th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $115.40 million for the quarter, compared to the consensus estimate of $109.01 million. During the same quarter last year, the company posted $0.57 earnings per share. Perfect World Co Ltd’s revenue was up 13.4% compared to the same quarter last year. On average, analysts predict that Perfect World Co Ltd will post $1.49 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on PWRD. Analysts at Barclays raised their price target on shares of Perfect World Co Ltd from $14.00 to $22.00 in a research note to investors on Wednesday, August 21st. They now have an “equal weight” rating on the stock. Separately, analysts at Pacific Crest raised their price target on shares of Perfect World Co Ltd from $20.00 to $22.00 in a research note to investors on Tuesday, August 20th. They now have an “outperform” rating on the stock. Finally, analysts at Morgan Stanley downgraded shares of Perfect World Co Ltd to an “equal weight” rating in a research note to investors on Tuesday, August 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” 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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