Netflix Receives Consensus Recommendation of “Hold” from Analysts (NASDAQ:NFLX)
Netflix (NASDAQ:NFLX) has earned an average rating of “Hold” from the forty-one ratings firms that are currently covering the company, Analyst Ratings.Net reports. Six analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $425.44.
A number of research firms have recently commented on NFLX. Analysts at Topeka Capital Markets raised their price target on shares of Netflix from $517.00 to $527.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Netflix in a research note on Thursday, July 24th. They now have a $449.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Netflix in a research note on Tuesday, July 22nd. They now have a $453.00 price target on the stock, up previously from $410.00.
Netflix (NASDAQ:NFLX) traded up 1.98% on Monday, hitting $454.70. The stock had a trading volume of 411,483 shares. Netflix has a 52 week low of $249.80 and a 52 week high of $475.87. The stock has a 50-day moving average of $440.3 and a 200-day moving average of $403.8. The company has a market cap of $27.323 billion and a price-to-earnings ratio of 133.69.
Netflix (NASDAQ:NFLX) last released its earnings data on Monday, July 21st. The company reported $1.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.14 by $0.01. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company posted $0.49 earnings per share. Netflix’s revenue was up 25.4% compared to the same quarter last year. On average, analysts predict that Netflix will post $3.86 earnings per share for the current fiscal year.
In other Netflix news, Insider Neil D. Hunt sold 5,000 shares of the stock on the open market in a transaction dated Friday, August 1st. The stock was sold at an average price of $421.76, for a total value of $2,108,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Netflix, Inc is an Internet television network with more than 44 million members in over 40 countries.
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