Netsuite Inc Common Stock (NYSE:N):
REA Group Overhauls Legacy Sage ERP Platform With NetSuite OneWorld.
In the market the company is trading up since yesterday’s close of $109.83.
It is currently trading at $110.17 just a bit higher than $109.12, the 50 day moving average and just above the 200 day moving average of $86.29. The 50 day moving average was up $1.05 or +0.96% and the 200 day average moved up $23.88.
In 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 presently outstanding. Analysts expect next quarter’s EPS to be $0.18 and the next full year EPS is anticipated to be $0.71.
Wall Street analysts have released ratings on N of late. On July 29 the stock rating was upgraded to “Neutral” from “Underperform” and a price target of $90.00 was set in a report issued by Raymond James. RBC Capital lowered the price target and downgraded the stock on July 29 changing the price objective from $110.00 to $90.00 and cutting the rating from “Outperform” to “Neutral”.
On July 29 the company was downgraded from “Buy” to “Neutral” with a current price target of $90.00 in a statement from Deutsche Bank. Equity analyst JP Morgan downgraded the stock and raised the price target on July 29 boosting the price target from $89.00 to $90.00 and altering the rating from “Overweight” to “Neutral”.
July 29 investment analysts at Nomura kept the stock rating at “Neutral” and lowered the price expectation from $100.00 to $90.00. On July 29 the company was downgraded from “Outperform” to “Neutral” with a current price target of $90.00 in a report from RBC Capital.