Shares of Netflix, Inc. (NFLX) are up almost 11 points in early trading Monday after the company’s price target was raised at Topeka Capital Markets. While the firm left the construct of its FY2014 estimates unchanged, it raised NFLX’s PT to $527 from $517, saying it expects higher numbers for FY2015 to reflect higher international subscribership, and hence, higher revs.
Speaking from a valuation-measure perspective, shares of Netflix, Inc. have a trailing-12 P/E of 171.54, a forward P/E of 69.15 and a P/E to growth ratio of 3.73. Price/sales for the t-12 period is at 5.48 while EPS is at $2.66. The streaming video company has a market cap of $27.43 billion and a median Wall Street price target of $500 with a high target of $565.
From a sentiment standpoint, NFLX has a number of analysts already in the bullish camp, as the company boasts 5 ‘Strong Buys’, 13 ‘Buys’ and 14 ‘Holds’. The bearish camp consists of 2 ‘Underperforms’ and 3 ‘Sells’.
Profitability-wise, Netflix’s t-12 profit margin currently stands at 4.18% while operating ones are at 7.49%. The company reported $1.71 billion in cash vs. $900 million in debt in its most recent quarter. NFLX is currently trading up 2.61% to $457, printing a one year return of about 81% and a year-to-date return of around 24%.
The chart below shows where the equity has traded over the last 52 weeks, with the 50-day and 200-day MAs included.
Netflix, Inc. is engaged in the Internet delivery of TV shows and movies directly on TVs, computers, and mobile devices in the U.S. and internationally. The company was founded in 1997 and is headquartered in Los Gatos, California.