JP Morgan Decides to Downgrade Netshoes (Cayman) (NETS) Stock

May 16, 2018 - By Michael Collier

Netshoes (Cayman) (NETS) Receives a Downgrade

In a note issued to clients and investors today, JP Morgan lowered shares of Netshoes (Cayman) (NETS) to a Underweight rating from the previous Overweight rating.

Netshoes (NYSE:Cayman Limited) Ratings Coverage

Among 2 analysts covering Netshoes (Cayman) Ltd (NETS), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Netshoes (Cayman) Ltd has $10.0 highest and $6.8000 lowest target. $8.20’s average target is 301.96% above currents $2.04 stock price. Netshoes (Cayman) Ltd had 3 analyst reports since November 21, 2017 according to SRatingsIntel. The company was downgraded on Friday, January 19 by Goldman Sachs. Jefferies maintained Netshoes (NYSE:Cayman Limited) rating on Tuesday, April 3. Jefferies has “Hold” rating and $6.8000 target.

The stock decreased 28.94% or $0.83 during the last trading session, reaching $2.04. About 2.18 million shares traded or 2714.00% up from the average. Netshoes (NETS) has 0.00% since May 16, 2017 and is . It has underperformed by 11.55% the S&P500.

Netshoes Limited, through its subsidiaries, operates as a sports and lifestyle online retailer in Latin America. The company has market cap of $63.34 million. It offers various products, including athletic shoes, jerseys, apparels, accessories, and sporting equipment of international, local, and private brands, as well as fashion. It currently has negative earnings. The firm operates through its ecommerce Websites, such as www.netshoes.com and www.zattini.com.

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