TheStreet restated their hold rating on shares of Netflix (NASDAQ:NFLX) in a report released on Monday, Stock Ratings Network.com reports.
“Netflix (NFLX) has been reiterated by TheStreet Ratings as a hold with a ratings score of C. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and generally higher debt management risk.,” the firm’s analyst commented.
Shares of Netflix (NASDAQ:NFLX) opened at 355.67 on Monday. Netflix has a 52 week low of $84.40 and a 52 week high of $389.16. The stock’s 50-day moving average is $341. and its 200-day moving average is $283.9. The company has a market cap of $21.076 billion and a price-to-earnings ratio of 296.60.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $905.00 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. Analysts expect that Netflix will post $1.76 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Netflix from a neutral rating to an outperform rating in a research note to investors on Thursday, December 5th. They now have a $428.00 price target on the stock. Separately, analysts at Robert W. Baird upgraded shares of Netflix from a neutral rating to an outperform rating in a research note to investors on Friday, November 1st. They now have a $420.00 price target on the stock, up previously from $383.00. Finally, analysts at FBR & Co. downgraded shares of Netflix from an outperform rating to a market perform rating in a research note to investors on Friday, October 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and nine have assigned a buy rating to the stock. Netflix currently has an average rating of Hold and a consensus target price of $319.48.
Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.
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