Netflix (NFLX) Price Target Raised to $375.00

Netflix (NASDAQ:NFLX) had its price objective raised by equities research analysts at Monness Crespi & Hardt from $350.00 to $375.00 in a report issued on Tuesday. The firm currently has a “buy” rating on the Internet television network’s stock. Monness Crespi & Hardt’s price target would suggest a potential upside of 11.59% from the company’s previous close.

Several other analysts also recently weighed in on the stock. CIBC boosted their target price on shares of Netflix from $285.00 to $370.00 and gave the stock an “outperform” rating in a research report on Tuesday. Credit Suisse Group boosted their target price on shares of Netflix from $286.00 to $330.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wedbush boosted their target price on shares of Netflix from $110.00 to $125.00 and gave the stock an “underperform” rating in a research report on Tuesday. Sanford C. Bernstein boosted their target price on shares of Netflix from $340.00 to $372.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Loop Capital boosted their target price on shares of Netflix from $325.00 to $330.00 in a research report on Tuesday. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $293.44.

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Shares of Netflix stock traded up $28.28 on Tuesday, reaching $336.06. The stock had a trading volume of 33,809,887 shares, compared to its average volume of 11,620,386. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81. Netflix has a 1 year low of $138.66 and a 1 year high of $338.62. The company has a market cap of $133,560.64, a P/E ratio of 268.85, a PEG ratio of 4.21 and a beta of 0.99.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, April 16th. The Internet television network reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.69 billion. Netflix had a net margin of 5.26% and a return on equity of 20.08%. Netflix’s revenue was up 40.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 EPS. equities research analysts forecast that Netflix will post 2.74 EPS for the current fiscal year.

In related news, Director A George Battle sold 10,716 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $258.49, for a total value of $2,769,978.84. Following the completion of the transaction, the director now directly owns 2,575 shares in the company, valued at approximately $665,611.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gregory K. Peters sold 9,618 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $325.00, for a total transaction of $3,125,850.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 442,200 shares of company stock valued at $119,779,880. Company insiders own 4.90% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of NFLX. Cambridge Investment Research Advisors Inc. raised its position in Netflix by 4.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 46,013 shares of the Internet television network’s stock worth $8,833,000 after acquiring an additional 1,801 shares during the period. Navellier & Associates Inc raised its position in Netflix by 8.4% during the fourth quarter. Navellier & Associates Inc now owns 3,991 shares of the Internet television network’s stock worth $766,000 after acquiring an additional 309 shares during the period. Assetmark Inc. raised its position in Netflix by 1,148.5% during the fourth quarter. Assetmark Inc. now owns 14,395 shares of the Internet television network’s stock worth $2,763,000 after acquiring an additional 13,242 shares during the period. Maryland Capital Management acquired a new position in Netflix during the fourth quarter worth $249,000. Finally, Pittenger & Anderson Inc. raised its position in Netflix by 14.3% during the fourth quarter. Pittenger & Anderson Inc. now owns 12,480 shares of the Internet television network’s stock worth $2,396,000 after acquiring an additional 1,565 shares during the period. Hedge funds and other institutional investors own 81.65% of the company’s stock.

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Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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