Wall Street Raises Targets on Netflix, Citing Price Increases

Andrew Cummings
October 14, 2017

(The) in a research report issued on Friday. The stock gained 6.16 percent over the past month and rose 57.47 percent year-to-date. MKM Partners now has a $230.00 price target on the Internet television network's stock.

This milestone moment comes shortly after the company announced a price-hike in the US and several other markets around the world.

Netflix, Inc. (NFLX) has an Analysts' Mean Recommendation of 2.2.

JPMorgan also reiterated its overweight rating Friday and raised its price target for Netflix shares to $225 from $210 Friday.

A total of 40 equity analysts have released a ratings update on NFLX. Wedbush reiterated an underperform rating and set a $180.00 price objective (up previously from $165.00) on shares of Netflix in a research report on Sunday, October 8th.

Among 52 analysts covering Netflix (NASDAQ:NFLX), 36 have Buy rating, 2 Sell and 14 Hold. Finally, KeyCorp reissued a "buy" rating and issued a $190.00 target price on shares of Netflix in a report on Friday, August 25th. The stock rose 1.48% or $2.89 reaching $198.75 per share.

Time Warner Inc. (NYSE:TWX) reported its EPS in the last quarter as $1.33/Share beating the analyst estimate of $1.19/Share by a difference of $0.14. Netflix stock is up more than 50% so far this year, and the bull run is showing no signs of slowing down.

Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also helps in determining where it may be possibly heading. The stock has "Outperform" rating by RBC Capital Markets on Tuesday, July 19. The Internet television network reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Netflix had a net margin of 2.11% and a return on equity of 7.51%. During the same period past year, the business posted $0.09 EPS. Netflix's revenue was up 32.3% on a year-over-year basis.

Analysts are predicting earnings per share growth of 51.50% for the current year.

COPYRIGHT VIOLATION WARNING: This article was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another domain, it was stolen and reposted in violation of global copyright and trademark laws. The original version of this piece can be accessed at https://baseballnewssource.com/markets/netflixs-nflx-buy-rating-reaffirmed-at-mkm-partners/1704641.html. Shares for $326,940 were sold by BARTON RICHARD N. $16.00 million worth of Netflix, Inc. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The stock was sold at an average price of $196.16, for a total value of $392,320.00. (NASDAQ:NFLX) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. Following the completion of the transaction, the chief executive officer now directly owns 109,214 shares in the company, valued at approximately $20,598,852.54. It fall, as 64 investors sold NFLX shares while 222 reduced holdings. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network's stock worth $229,000 after acquiring an additional 10 shares during the period. Guardian Life Insurance Co. of America increased its stake in shares of Netflix by 0.7% during the 1st quarter. FMR LLC now owns 23,633,237 shares of the Internet television network's stock worth $3,531,042,000 after purchasing an additional 2,605,731 shares in the last quarter. For the past month, Netflix, Inc.'s stock has been 6.65%, 21.56% for the last quarter, 37.04% for the past six months and 96.84% for the past 52 weeks. Institute For Wealth Management Limited Company has invested 0.34% in Netflix, Inc. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network's stock worth $298,000 after acquiring an additional 12 shares during the period. Kalos Management Inc. now owns 1,621 shares of the Internet television network's stock worth $242,000 after purchasing an additional 12 shares during the last quarter.

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