Nomura Reaffirms Neutral Rating on Perfect World Co Ltd (PWRD)

By admin | 6 years ago

Perfect World Co Ltd (NASDAQ: PWRD)‘s stock had its “neutral” rating restated by equities researchers at Nomura (NYSE: NMR) in a report issued on Wednesday.

Shares of Perfect World Co Ltd traded down 4.53% during mid-day trading on Wednesday, hitting $10.33. Perfect World Co Ltd has a 52 week low of $8.44 and a 52 week high of $23.78. The company has a market cap of $479.1 million and a P/E ratio of 3.69.

Perfect World Co Ltd last announced its earnings results on Tuesday, May 29th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by $0.01. The company’s quarterly revenue was up 3.6% on a year-over-year basis. Analysts expect that Perfect World Co Ltd will post $4.33 EPS next quarter.

PWRD has been the subject of a number of other recent research reports. Analysts at Piper Jaffray (NYSE: PJC) cut their price target on shares of Perfect World Co Ltd from $36.00 to $27.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at Mirae Asset upgraded shares of Perfect World Co Ltd from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. Finally, analysts at Roth Capital downgraded shares of Perfect World Co Ltd from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday.

Perfect World Co, Ltd. (Perfect World) is an online game developer and operator in People’s Republic of China.

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