Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices. It also provides DVDs-by-mail membership services in the United States. The company has approximately 222 million paid members in 190 countries. Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.
Analyst Upgrades and Downgrades
Several research firms have commented on NFLX. UBS Group cut their price target on Netflix from $355.00 to $198.00 and set a "neutral" rating on the stock in a research report on Friday, July 15th. Societe Generale dropped their price objective on shares of Netflix from $330.00 to $170.00 and set a "sell" rating on the stock in a research note on Tuesday, June 14th. Cowen reduced their target price on shares of Netflix from $590.00 to $325.00 and set an "outperform" rating for the company in a report on Wednesday, April 20th. Morgan Stanley raised their price target on Netflix from $220.00 to $230.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 20th. Finally, Credit Suisse Group lowered their target price on Netflix from $350.00 to $263.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 20th. Six equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Netflix has an average rating of "Hold" and a consensus price target of $323.92.
Netflix Trading Down 1.8 %
Netflix stock opened at $241.15 on Thursday. Netflix has a 12 month low of $162.71 and a 12 month high of $700.99. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.75. The stock has a market cap of $107.24 billion, a P/E ratio of 21.44, a P/E/G ratio of 1.73 and a beta of 1.36. The company's fifty day simple moving average is $201.80 and its 200-day simple moving average is $270.41.
Netflix (NASDAQ:NFLX - Get Rating) last released its quarterly earnings data on Tuesday, July 19th. The Internet television network reported $3.20 EPS for the quarter, topping analysts' consensus estimates of $2.96 by $0.24. The firm had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.03 billion. Netflix had a return on equity of 30.07% and a net margin of 16.42%. The firm's revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.97 earnings per share. As a group, sell-side analysts forecast that Netflix will post 10.03 EPS for the current fiscal year.