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BWS Financial covered NETGEAR (NASDAQ:NTGR), dropping its stock price target to $60.00 today

Stating a potential downside of -0.01%, BWS Financial lowered the price target of NETGEAR (NASDAQ:NTGR) to $60.00

Yesterday NETGEAR (NASDAQ:NTGR) traded 1.60% higher at $60.49. NETGEAR’s 50-day average is $57.56 and its two hundred day average is $47.93. The last close is up 26.21% relative to the two hundred day average, compared with the S&P 500 which has decreased -0.01% over the date range. Trade Volume was down over the average, with 233,342 shares of NTGR changing hands under the typical 303,802

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NETGEAR has a P/E ratio of 28.78 with a 52 week low of $28.69 and a one year high of $60.82 NTGR’s total market value is presently $0.

Also covering NETGEAR's target, a total of 5 equity analysts have released a report on NETGEAR. The 12-month price target is $46.70 with zero brokerages rating the stock a strong buy, 3 firms rating the stock a buy, 3 brokers rating the stock a hold, zero equity analysts rating the stock a underperform, and finally 0 analysts rating the company a sell.

General Information About NETGEAR (NASDAQ:NTGR)

NETGEAR, Inc. is a global networking company. The Company's product line consists of devices, such as network attached storage, Internet protocol security cameras, and home automation devices and services. Its segments include retail, commercial and service provider. The retail business unit consists of home networking, home video security, storage and digital media products. The commercial business unit consists of business networking, storage and security solutions. The service provider business unit consists of whole home networking hardware and software solutions, as well as fourth-generation long term evolution hotspots sold to service providers for sale to their subscribers. It has operations in the Americas, Europe, Middle-East and Africa, and Asia Pacific. The Company sells its products through multiple sales channels, including traditional retailers, online retailers, wholesale distributors, direct market resellers, value-added resellers and broadband service providers.

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