Netflix’s “Buy” Rating Reaffirmed at TheStreet (NFLX)
Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating restated by equities researchers at TheStreet in a research report issued on Monday, American Banking News reports.
The analysts wrote, “Netflix (NFLX) has been reiterated by TheStreet Ratings as a buy with a ratings score of B-. 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 expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”
A number of other analysts have also recently weighed in on NFLX. Analysts at Cowen and Company reiterated a “positive” rating on shares of Netflix in a research note on Monday. Separately, analysts at UBS AG initiated coverage on shares of Netflix in a research note on Friday, February 7th. They set a “buy” rating and a $475.00 price target on the stock. Finally, analysts at Stifel Nicolaus upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. They now have a $475.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Netflix presently has an average rating of “Hold” and a consensus price target of $350.37.
Shares of Netflix (NASDAQ:NFLX) opened at 435.24 on Monday. Netflix has a 52 week low of $159.00 and a 52 week high of $441.24. The stock has a 50-day moving average of $386.1 and a 200-day moving average of $337.7. The company has a market cap of $26.030 billion and a P/E ratio of 233.51.
Netflix (NASDAQ:NFLX) last released its earnings data on Wednesday, January 22nd. The company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 24.3% on a year-over-year basis. On average, analysts predict that Netflix will post $4.09 earnings per share for the current fiscal year.
Netflix, Inc is an Internet television network with more than 33 million members in over 40 countries.
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