Netflix Given Consensus Recommendation of “Hold” by Brokerages (NASDAQ:NFLX)
Netflix (NASDAQ:NFLX) has received a consensus recommendation of “Hold” from the forty-one analysts that are covering the company, AnalystRatingsNetwork reports. Six analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and twenty have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $425.44.
Netflix (NASDAQ:NFLX) opened at 450.87 on Monday. Netflix has a 52 week low of $251.13 and a 52 week high of $475.87. The stock has a 50-day moving average of $441.5 and a 200-day moving average of $406.4. The company has a market cap of $27.093 billion and a P/E ratio of 135.39.
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. Analysts expect that Netflix will post $3.86 EPS for the current fiscal year.
In other Netflix news, Insider Neil D. Hunt unloaded 5,000 shares of the stock on the open market in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $421.76, for a total value of $2,108,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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, Inc is an Internet television network with more than 44 million members in over 40 countries.
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