Netflix Rating Reiterated by TheStreet (NFLX)
Netflix (NASDAQ:NFLX)‘s stock had its “hold” rating restated by equities researchers at TheStreet in a research report issued 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 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.”
A number of other firms have also recently commented on NFLX. Analysts at Morgan Stanley downgraded shares of Netflix from an “equal weight” rating to an “underweight” rating in a research note to investors on Tuesday. They now have a $310.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Netflix in a research note to investors on Thursday, December 19th. Finally, analysts at Citigroup Inc. set a $390.00 price target on shares of Netflix in a research note to investors on Wednesday, December 11th. They now have a “neutral” rating on the stock. Six analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $328.73.
Shares of Netflix (NASDAQ:NFLX) traded down 0.76% during mid-day trading on Friday, hitting $334.50. 291,534 shares of the company’s stock traded hands. Netflix has a 1-year low of $95.75 and a 1-year high of $389.16. The stock has a 50-day moving average of $362. and a 200-day moving average of $305.3. The company has a market cap of $19.821 billion and a price-to-earnings ratio of 282.05. Netflix also saw unusually large options trading activity on Tuesday. Traders acquired 42,346 call options on the company. This is an increase of 106% compared to the typical daily volume of 20,602 call options.
Netflix (NASDAQ:NFLX) last announced its earnings results 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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