Netflix (NASDAQ:NFLX)‘s stock had its “underperform” rating reiterated by analysts at Albert Fried & Company in a research report issued to clients and investors on Tuesday, StockRatingsNetwork reports.
Shares of Netflix (NASDAQ: NFLX) opened at 261.96 on Tuesday. Netflix has a one year low of $52.81 and a one year high of $270.31. The stock’s 50-day moving average is currently $230.7. The company has a market cap of $14.707 billion and a P/E ratio of 642.06.
Netflix (NASDAQ:NFLX) last released its earnings data on Monday, July 22nd. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.09. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 20.2% on a year-over-year basis. Netflix has set its Q3 guidance at $0.30-0.56 EPS. On average, analysts predict that Netflix will post $1.40 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. set a $290.00 price target on shares of Netflix in a research note to investors on Tuesday. Separately, analysts at Pacific Crest downgraded shares of Netflix from an “outperform” rating to a “sector perform” rating in a research note to investors on Tuesday. Finally, analysts at Jefferies Group reiterated an “underperform” rating on shares of Netflix in a research note to investors on Tuesday. They now have a $160.00 price target on the stock.
Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the company’s stock. Netflix has an average rating of “Hold” and an average price target of $223.21.
Netflix, Inc (NASDAQ: NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.
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