TheStreet reaffirmed their hold rating on shares of Netflix (NASDAQ:NFLX) in a research note issued to investors on Tuesday morning, Analyst Ratings Net 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 wrote.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at FBR Capital Markets initiated coverage on shares of Netflix in a research note to investors on Friday, October 25th. They set a market perform rating and a $350.00 price target on the stock. Six research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and eight have assigned a buy rating to the company. Netflix has a consensus rating of Hold and an average target price of $308.20.
In other Netflix news, CEO Reed Hastings sold 15,238 shares of the stock on the open market in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $346.90, for a total value of $5,286,062.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Netflix (NASDAQ:NFLX) traded up 1.23% on Tuesday, hitting $359.57. The stock had a trading volume of 1,956,059 shares. Netflix has a one year low of $74.50 and a one year high of $389.16. The stock has a 50-day moving average of $330.6 and a 200-day moving average of $276.4. The company has a market cap of $21.307 billion and a P/E ratio of 297.24.
Netflix (NASDAQ:NFLX) last released its earnings data on Monday, October 21st. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters 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 last year, the company posted $0.13 earnings per share. Netflix’s revenue was up 22.2% compared to the same quarter last year. Analysts expect that Netflix will post $1.76 EPS for the current fiscal year.
Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.
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