Netflix, Inc. (NASDAQ: NFLX) receives average “Hold” recommendation from analysts

Netflix, Inc. (NASDAQ: NFLX – Get evaluation

) got an average “Hold” rating from the forty-four brokers currently covering the stock, reports. Five equity research analysts rated the stock with a sell rating, twenty-two gave it a hold rating, and twelve issued a buy rating on the company. The 1-year average target price among analysts who have hedged the stock over the past year is $ 280.03.

NFLX has been the subject of numerous research reports. Morgan Stanley raised the Netflix price target from $ 220.00 to $ 230.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 20. Rosenblatt Securities lowered its Netflix price target from $ 245.00 to $ 196.00 and established a “neutral” valuation for the company in a report on Monday, July 18. UBS Group lowered its Netflix price target from $ 355.00 to $ 198.00 and established a “neutral” rating for the company in a report on Friday, July 15. Guggenheim lowered its Netflix price target from $ 350.00 to $ 265.00 and set a “buy” rating for the company in a report on Thursday, June 2. Finally, Deutsche Bank Aktiengesellschaft lowered its Netflix price target from $ 300.00 to $ 270.00 in a report on Wednesday, July 20.

Netflix stocks up 2.7%

NASDAQ: NFLX opened at $ 233.57 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05, and a current ratio of 1.05. The company has a market capitalization of $ 103.87 billion, a PE ratio of 20.76, a PEG ratio of 1.62, and a beta of 1.34. Netflix has a 52-week low of $ 162.71 and a 52-week high of $ 700.99. The stock has a 50-day simple moving average of $ 218.64 and a 200-day simple moving average of $ 247.69.

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Netflix (NASDAQ: NFLX – Get evaluation) last released its quarterly earnings results on Tuesday, July 19. The Internet television network posted earnings per share of $ 3.20 for the quarter, beating analyst consensus estimates of $ 2.96 by $ 0.24. The company reported revenue of $ 7.97 billion during the quarter, compared with the consensus estimate of $ 8.03 billion. Netflix had a 30.07% return on equity and a 16.42% net margin. The company’s revenues increased 8.6% compared to the same quarter last year. During the same period last year, the company earned $ 2.97 per share. On average, sell-side analysts expect Netflix to post EPS 10.04 for the current fiscal year.

Institutional income and expenses

Hedge funds recently bought and sold stock in the company. Core Alternative Capital increased its position in Netflix shares by 76.5% during Q4. Core Alternative Capital now owns 60 shares of the Internet TV network worth $ 36,000 after buying another 26 shares in the last quarter. Standard Family Office LLC bought a new position in Netflix in Q4 for a value of approximately $ 40,000. Bivin & Associates Inc. purchased a new position in Netflix in Q4 for a value of approximately $ 42,000. Mystic Asset Management Inc. purchased a new position in Netflix in Q4 for approximately $ 42,000. Finally, Icapital Wealth LLC bought a new position in Netflix in the first quarter worth approximately $ 25,000. Institutional investors own 75.52% of the company’s shares.

Netflix company profile

(Get evaluation)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films and mobile games in various genres and languages. The company offers members the ability to stream content through a variety of Internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

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Further reading

Analyst Recommendations for Netflix (NASDAQ: NFLX)

This instant news alert was generated by MarketBeat’s fiction science technology and financial data in order to provide readers with the fastest and most accurate reports. This story was reviewed by the editors of MarketBeat prior to publication. Send any questions or comments about this story to [email protected]

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