Netsuite Inc Common Stock (NYSE:N):
Paycorp Joins NetSuite SuitePayments Program.
The company is so far trading up by 0.31 percent from yesterday’s close.
Company shares last traded at $110.17 barely above $109.12, the stock’s 50 day moving average and a tad higher than the 200 day moving average of $86.29. The 50 day moving average was up $1.05 or +0.96% whereas the 200 day average was up by +27.68%.
As of the latest earnings report the EPS was $-1.72 and is projected to be $0.49 for the current year with 80,928,000 shares outstanding. Next quarter’s EPS is forecasted at $0.18 and the next full year EPS is projected to be $0.71.
A few analysts have released opinions on the company recently. On July 29 the stock rating was upgraded to “Neutral” from “Underweight” and a price target of $90.00 was set in a report issued by Morgan Stanley. On July 29 the company was upgraded from “Sell” to “Neutral” with a current price target of $90.00 in a report from Goldman Sachs.
Deutsche Bank lowered the price target and downgraded the stock on July 29 changing the price target from $120.00 to $90.00 and cutting the rating from “Buy” to “Neutral”. On July 29 the stock rating was upgraded from “Underperform” to “Neutral” and a price target of $90.00 was set by Raymond James.
Equity analyst RBC Capital both downgraded the stock and lowered the price target on July 29 changing the price objective from $110.00 to $90.00 and setting the rating at “Neutral” which had previously been “Outperform”. On July 29 the stock rating was downgraded from “Buy” to “Neutral” and a price target of $90.00 was set by analysts at Deutsche Bank.