Netflix Hits New 1-Year High at $487.60 (NFLX)
Shares of Netflix (NASDAQ:NFLX) reached a new 52-week high during trading on Wednesday , Analyst Ratings Network.com reports. The stock traded as high as $487.60 and last traded at $479.57, with a volume of 1,683,186 shares. The stock had previously closed at $476.60.
A number of research firms have recently commented on NFLX. Analysts at Zacks reiterated a “neutral” rating on shares of Netflix in a research note on Friday, August 22nd. They now have a $496.00 price target on the stock. Separately, analysts at Wells Fargo & Co. reiterated a “market perform” rating on shares of Netflix in a research note on Friday, August 15th. Finally, 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. Six research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty have assigned a buy rating to the company. Netflix presently has a consensus rating of “Hold” and a consensus price target of $426.91.
The stock’s 50-day moving average is $449.1 and its 200-day moving average is $411.. The company has a market cap of $28.833 billion and a P/E ratio of 142.91.
Netflix (NASDAQ:NFLX) last announced its earnings results 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. On average, analysts predict that Netflix will post $3.88 earnings per share 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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