Tudor Pickering upgraded shares of Ninetowns Internet Technlgy Grp (NASDAQ:NINE) from a hold rating to a buy rating in a report published on Tuesday, MarketBeat reports. The firm currently has $24.79 target price on the stock.

NINE has been the subject of a number of other research reports. Raymond James set a $46.00 price objective on shares of Ninetowns Internet Technlgy Grp and gave the stock a buy rating in a research report on Wednesday, November 14th. Bank of America began coverage on shares of Ninetowns Internet Technlgy Grp in a research report on Wednesday, October 17th. They set a buy rating for the company. Wells Fargo & Co restated a positive rating and set a $45.00 price objective on shares of Ninetowns Internet Technlgy Grp in a research report on Tuesday, October 16th. Zacks Investment Research downgraded shares of Ninetowns Internet Technlgy Grp from a hold rating to a strong sell rating in a research report on Tuesday, October 16th. Finally, Citigroup began coverage on shares of Ninetowns Internet Technlgy Grp in a research report on Monday, November 19th. They set a buy rating and a $40.00 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. Ninetowns Internet Technlgy Grp presently has a consensus rating of Buy and a consensus target price of $35.10.

NINE stock opened at $23.77 on Tuesday. Ninetowns Internet Technlgy Grp has a 12 month low of $20.18 and a 12 month high of $40.39.

Ninetowns Internet Technlgy Grp (NASDAQ:NINE) last announced its quarterly earnings data on Tuesday, November 13th. The company reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.01). The business had revenue of $218.43 million for the quarter, compared to the consensus estimate of $215.78 million.

Several large investors have recently bought and sold shares of the company. Capital World Investors grew its stake in shares of Ninetowns Internet Technlgy Grp by 10.4% during the 3rd quarter. Capital World Investors now owns 1,504,000 shares of the company’s stock worth $45,992,000 after purchasing an additional 142,000 shares during the period. BlackRock Inc. grew its stake in shares of Ninetowns Internet Technlgy Grp by 88.0% during the 3rd quarter. BlackRock Inc. now owns 1,106,543 shares of the company’s stock worth $33,839,000 after purchasing an additional 518,043 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Ninetowns Internet Technlgy Grp by 31.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 856,076 shares of the company’s stock worth $26,179,000 after purchasing an additional 204,805 shares during the period. Vanguard Group Inc. grew its stake in shares of Ninetowns Internet Technlgy Grp by 73.9% during the 3rd quarter. Vanguard Group Inc. now owns 640,070 shares of the company’s stock worth $19,573,000 after purchasing an additional 272,038 shares during the period. Finally, Vanguard Group Inc grew its stake in shares of Ninetowns Internet Technlgy Grp by 73.9% during the 3rd quarter. Vanguard Group Inc now owns 640,070 shares of the company’s stock worth $19,573,000 after purchasing an additional 272,038 shares during the period.

About Ninetowns Internet Technlgy Grp

Ninetowns Internet Technology Group Company Limited is a software company that enables enterprises and trade-related People’s Republic of China Government agencies to streamline the import/export process in China. It operates in four segments: enterprise software and related maintenance services , software development services segment, B2C e-commerce and, and real estate development.

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Analyst Recommendations for Ninetowns Internet Technlgy Grp (NASDAQ:NINE)

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