Netflix Stock Rating Upgraded by TheStreet (NFLX)
Netflix (NASDAQ:NFLX) was upgraded by equities researchers at TheStreet from a “hold” rating to a “buy” rating in a research report issued on Wednesday, AnalystRatingsNetwork.com reports.
The analysts wrote, “Netflix (NFLX) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
In other Netflix news, Director Timothy Haley sold 11,417 shares of the stock on the open market in a transaction dated Friday, January 24th. The stock was sold at an average price of $386.59, for a total transaction of $4,413,698.03. Following the completion of the sale, the director now directly owns 2,300 shares of the company’s stock, valued at approximately $889,157. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of other analysts have also recently weighed in on NFLX. Analysts at Needham & Company reiterated a “buy” rating on shares of Netflix in a research note to investors on Thursday, January 23rd. Separately, analysts at UBS AG raised their EPS on shares of Netflix in a research note to investors on Thursday, January 23rd. They now have an “underperform” rating and a $250.00 price target on the stock. Finally, analysts at S&P Equity Research upgraded shares of Netflix from a “sell” rating to a “hold” rating in a research note to investors on Thursday, January 23rd. Six analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $336.32.
Netflix (NASDAQ:NFLX) traded down 1.51% during mid-day trading on Wednesday, hitting $400.64. The stock had a trading volume of 4,010,179 shares. Netflix has a one year low of $159.00 and a one year high of $407.41. The stock’s 50-day moving average is $360.7 and its 200-day moving average is $317.4. The company has a market cap of $23.881 billion and a price-to-earnings ratio of 219.88.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.65 by $0.14. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company posted $0.13 earnings per share. Netflix’s revenue was up 24.3% compared to the same quarter last year. Analysts expect that Netflix will post $4.08 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.