FBN Securities Initiates Coverage on Netflix (NFLX)
FBN Securities began coverage on shares of Netflix (NASDAQ:NFLX) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Shares of Netflix (NASDAQ:NFLX) traded up 0.34% during mid-day trading on Tuesday, hitting $337.96. 2,824,328 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 $361.2 and a 200-day moving average of $309.4. The company has a market cap of $20.026 billion and a P/E ratio of 281.85.
Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “hold” rating on shares of Netflix in a research note to investors on Friday. Separately, 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, January 7th. They now have a $310.00 price target on the stock. They noted that the move was a valuation call. Six analysts have rated the stock with a sell rating, twenty-three have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $327.98.
Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.
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