Netflix’s “Hold” Rating Reaffirmed at TheStreet (NFLX)
Netflix (NASDAQ:NFLX)‘s stock had its “hold” rating reiterated by investment analysts at TheStreet in a note issued to investors on Friday, Analyst Ratings.Net reports.
The analysts wrote, “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 revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, premium valuation and generally higher debt management risk.”
Netflix (NASDAQ:NFLX) traded down 0.74% on Friday, hitting $311.18. 510,605 shares of the company’s stock traded hands. Netflix has a 1-year low of $54.22 and a 1-year high of $320.39. The stock has a 50-day moving average of $285.8 and a 200-day moving average of $232.7. The company has a market cap of $18.335 billion and a price-to-earnings ratio of 390.42.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 20.2% on a year-over-year basis.
NFLX has been the subject of a number of other recent research reports. Analysts at Albert Fried & Company raised their price target on shares of Netflix (NASDAQ:NFLX) from $80.00 to $122.00 in a research note to investors on Sunday, September 22nd. They now have an “underweight” rating on the stock. Separately, analysts at CRT Capital initiated coverage on shares of Netflix (NASDAQ:NFLX) in a research note to investors on Thursday, September 19th. They set a “fair value” rating on the stock. Finally, analysts at Lazard Capital Markets raised their price target on shares of Netflix (NASDAQ:NFLX) from $325.00 to $350.00 in a research note to investors on Thursday, September 12th. They now have a “buy” rating on the stock. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $228.48.
In other Netflix news, CEO Reed Hastings sold 15,238 shares of Netflix stock on the open market in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $301.30, for a total transaction of $4,591,209.40. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.
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