Netflix (NFLX) was downgraded by analysts at FBR Capital earlier this morning. The firm lowered its rating from ‘Outperform’ to ‘Market Perform’ and cut its price target to $100 from $125, attributing the downward revision to slowing subscriber growth in the US if market nears saturation, and the persistence of heightened competitive risks from other streaming providers like Amazon.com (AMZN) Prime and Hulu.
Additionally, FBR Capital said Netflix’s rapid expansion to global markets remains a concern, as the strategy could risk potential content misfires and broadband service interruptions.
Netflix stock is currently trading in the green, up $2.58 to $88.93. Approximately 8 million shares have changed hands, compared to the stock’s average daily volume of 19.80 million shares.
On valuation-metrics, shares of Netflix Inc have a trailing-12 and forward P/E of 317.60 and 83.31, respectively. P/E to growth ratio is 11.18, while t-12 profit margin is 1.81%. EPS registers at 0.28. The company has a market cap of $38.07B and a median Wall Street price target of $130.00 with a high target of $164.00.
On trading-measure, NFLX has a beta of 0.94 and a short float of 53 million. In the past 52 weeks, shares of Los Gatos, Calif.-based company have traded between a low of $58.46 and a high of $133.27, with its 50-day MA and 200-day MA located at $102.46 and $109.61 levels, respectively.
NFLX currently prints a one year return of about 33% and a year-to-date loss of 24.51%.