Perfect World Co Ltd (NASDAQ: PWRD) was downgraded by equities research analysts at Citigroup from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday. They currently have a $13.20 price target on the stock, down from their previous price target of $18.90.
Separately, analysts at Zacks upgraded shares of Perfect World Co Ltd from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 23rd. They now have a $12.20 price target on the stock.
Perfect World Co Ltd opened at 11.54 on Tuesday. Perfect World Co Ltd has a 1-year low of $8.92 and a 1-year high of $17.46. The stock’s 50-day moving average is currently $11.59. The company has a market cap of $557.8 million and a price-to-earnings ratio of 4.92.
Perfect World Co Ltd last announced its earnings results on Monday, March 11th. The company reported $2.90 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.53 by $0.37. The company had revenue of $679.90 million for the quarter, compared to the consensus estimate of $680.22 million. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. Analysts expect that Perfect World Co Ltd will post $12.87 EPS for the current fiscal year.
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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