Netflix (NFLX) has an average broker rating of 2.25, which is interpreted as a Buy, as rated by 32 equity analysts. Nonetheless, 14 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 11 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 3 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.
Netflix (NFLX) : The most positive equity analysts on Netflix (NFLX) expects the shares to touch $139, whereas, the least positive believes that the stock will trade at $50 in the short term. The company is covered by 29 Wall Street Brokerage Firms. The average price target for shares are $107.1 with an expected fluctuation of $21.3 from the mean.
Company shares have received an average consensus rating of Hold for the current week Netflix (NASDAQ:NFLX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $94.60 and $94.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $96.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $95.89, notching a gain of 2.09% for the day. The total traded volume was 8,547,659 . The stock had closed at $93.93 on the previous day.
In a related news, The director, of Netflix Inc, Barton Richard N had unloaded 1,400 shares at $93.57 per share in a transaction on August 2, 2016. The total value of transaction was $130,998. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Netflix, Inc. is a provider of Internet television network. The Company has over 57 million streaming members in over 50 countries. Its members can watch more than two billion hours of television (TV) shows and movies per month, including original series, documentaries and feature films on Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting of DVD-by-mail. Its members can play, pause and resume watching, all without commercials or commitments. Additionally, in the United States, its members can receive DVDs to their homes. The Company offers streaming service both domestically and internationally.