Netflix Rating Reiterated by S&P Equity Research (NFLX)
Netflix (NASDAQ:NFLX) traded up 0.42% during mid-day trading on Friday, hitting $430.13. 2,247,013 shares of the company’s stock traded hands. Netflix has a one year low of $205.75 and a one year high of $458.00. The stock’s 50-day moving average is $363.0 and its 200-day moving average is $377.9. The company has a market cap of $25.782 billion and a price-to-earnings ratio of 160.97.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, April 21st. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.83 by $0.03. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 24.0% on a year-over-year basis. Analysts expect that Netflix will post $4.15 EPS for the current fiscal year.
In other Netflix news, Insider Neil D. Hunt unloaded 5,000 shares of Netflix stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $419.48, for a total transaction of $2,097,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of other analysts have also recently weighed in on NFLX. Analysts at Topeka Capital Markets raised their price target on shares of Netflix from $421.00 to $517.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Netflix from $435.00 to $500.00 in a research note on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Zacks downgraded shares of Netflix from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 22nd. They now have a $410.00 price target on the stock. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and sixteen have assigned a buy rating to the company. Netflix has an average rating of “Hold” and an average price target of $385.34.
Netflix, Inc is an Internet television network with more than 33 million members in over 40 countries.
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.