Netflix Sets New 1-Year High at $476.15 (NFLX)
Netflix (NASDAQ:NFLX) hit a new 52-week high during trading on Thursday , Analyst Ratings Network.com reports. The company traded as high as $476.15 and last traded at $468.93, with a volume of 1,083,778 shares traded. The stock had previously closed at $472.19.
Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. reiterated a “market perform” rating on shares of Netflix in a research note on Friday, August 15th. Separately, 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, August 11th. They now have a “buy” rating on the stock. Finally, 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. Six analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $425.44.
The stock has a 50-day moving average of $443.5 and a 200-day moving average of $408.4. The company has a market cap of $28.349 billion and a price-to-earnings ratio of 141.59.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 21st. The company reported $1.15 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 25.4% on a year-over-year basis. Analysts expect that Netflix will post $3.83 EPS for the current fiscal year.
Netflix, Inc is an Internet television network with more than 44 million members in over 40 countries.
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