Analysts Expect Netshoes (CAYMAN) Ltd (NETS) to Post ($0.23) EPS

Netshoes (CAYMAN) Ltd (NASDAQ:NETS) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Analysts have set a 12-month consensus target price of $23.00 for the company and are forecasting that the company will post ($0.23) earnings per share for the current quarter, according to Zacks. Zacks has also given Netshoes (CAYMAN) an industry rank of 26 out of 265 based on the ratings given to its competitors.

Several brokerages recently commented on NETS. Goldman Sachs Group, Inc. (The) began coverage on shares of Netshoes (CAYMAN) in a report on Monday, May 8th. They issued a “buy” rating and a $24.50 target price on the stock. Jefferies Group LLC began coverage on shares of Netshoes (CAYMAN) in a report on Monday, May 15th. They issued a “buy” rating and a $19.00 target price on the stock. J P Morgan Chase & Co assumed coverage on shares of Netshoes (CAYMAN) in a report on Monday, May 8th. They issued an “overweight” rating and a $18.00 target price on the stock. Finally, Bradesco Corretora restated an “outperform” rating and set a $26.00 price objective on shares of Netshoes (CAYMAN) in a report on Tuesday, May 9th.

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Shares of Netshoes (NETS) traded down 0.16% during mid-day trading on Thursday, hitting $19.13. The stock had a trading volume of 3,124 shares. The stock’s market cap is $399.80 million. The stock has a 50-day moving average price of $18.32 and a 200 day moving average price of $17.70. Netshoes has a 52 week low of $12.49 and a 52 week high of $26.96.

Netshoes (CAYMAN) Company Profile

Netshoes (Cayman) Limited is a sports and lifestyle online retailer in Latin America. The Company focuses on offering an online consumer platform in Latin America. The Company operates through two segments: Brazil and International. The Company operates in Brazil, Argentina, and Mexico. The Brazil segment consists of retail sales of consumer products from all of its verticals (which includes sales of sporting goods and related garments, as well as fashion and beauty goods) carried out through its sites Netshoes.com.br and Zattini.com.br and third-party sites that it manages, as well as its business to business offline operation.

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