Netsuite Inc Common Stock (NYSE:N):
NetSuite Unveils New OneWorld Features For Businesses In Australia And New Zealand.
The company is up since yesterday’s close of $109.83.
It is trading at $110.17 which is a tad above the 50 day moving average which is $109.12 and a tad higher than the 200 day moving average of $86.29. The 50 day moving average was up $1.05 and the 200 day average went up by +27.68%.
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 currently outstanding. Next quarter’s EPS is expected be $0.18 and the next full year EPS is projected to be $0.71.
Several brokerage firms have released opinions on the stock of late. On July 29 the stock rating was downgraded to “Neutral” from “Overweight” with a current price target of $90.00 in an announcement from JP Morgan. Morgan Stanley raised the price target and upgraded the stock on July 29 boosting the price target from $67.00 to $90.00 and changing the rating from “Underweight” to “Neutral”.
On July 29 the company was downgraded from “Buy” to “Neutral” and a price target of $90.00 was set in a report issued by Canaccord Genuity. Equity analyst Goldman Sachs upgraded the stock and raised the price target on July 29 changing the price target from $68.00 to $90.00 and setting the rating at “Neutral” which had previously been “Sell”.
On July 29 the company was upgraded to “Neutral” from “Underweight” with a current price target of $90.00 by analysts at Morgan Stanley. On July 29 the company was upgraded from “Sell” to “Neutral” and a price target of $90.00 was set in a report from Goldman Sachs.