Stifel Nicolaus Lowers Netflix (NASDAQ:NFLX) Price Target to $240.00

Netflix (NASDAQ:NFLXGet Rating) had its price objective lowered by Stifel Nicolaus from $300.00 to $240.00 in a research report report published on Tuesday, The Fly reports.

A number of other analysts have also recently commented on NFLX. Oppenheimer cut shares of Netflix from an outperform rating to a market perform rating in a research note on Wednesday, April 20th. Cowen cut their price target on shares of Netflix from $590.00 to $325.00 and set an outperform rating for the company in a research note on Wednesday, April 20th. Barclays cut their price target on shares of Netflix from $380.00 to $275.00 and set an equal weight rating for the company in a research note on Wednesday, April 20th. Atlantic Securities cut shares of Netflix from an overweight rating to a neutral rating and set a $280.00 price target for the company. in a research note on Wednesday, April 20th. Finally, Rosenblatt Securities assumed coverage on shares of Netflix in a research note on Tuesday, April 19th. They issued a neutral rating and a $354.00 price target for the company. Six analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and an average price target of $357.87.

Shares of NFLX opened at $181.71 on Tuesday. Netflix has a 12 month low of $162.71 and a 12 month high of $700.99. The firm has a fifty day simple moving average of $198.59 and a 200 day simple moving average of $362.54. The stock has a market capitalization of $80.73 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 0.89 and a beta of 1.28. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.83.

Netflix (NASDAQ:NFLXGet Rating) last announced its earnings results on Tuesday, April 19th. The Internet television network reported $3.53 EPS for the quarter, topping the consensus estimate of $2.92 by $0.61. Netflix had a net margin of 16.47% and a return on equity of 32.01%. The business had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7.94 billion. During the same quarter in the prior year, the company posted $3.75 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. As a group, research analysts predict that Netflix will post 10.93 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Icapital Wealth LLC acquired a new stake in shares of Netflix in the 1st quarter valued at approximately $25,000. Sageworth Trust Co acquired a new stake in shares of Netflix in the 4th quarter valued at approximately $29,000. Andrew Hill Investment Advisors Inc. acquired a new stake in shares of Netflix in the 4th quarter valued at approximately $30,000. Field & Main Bank acquired a new stake in shares of Netflix in the 4th quarter valued at approximately $30,000. Finally, Paragon Capital Management Ltd acquired a new stake in shares of Netflix in the 4th quarter valued at approximately $31,000. Institutional investors own 80.97% of the company’s stock.

About Netflix (Get Rating)

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.

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