Wednesday’s After-Hours Insights: Netflix, Inc. (NFLX) and CSX Corporation (CSX)

Netflix, Inc.

Netflix, Inc. (NASDAQ:NFLX) shares climbed nearly 8% in after-hours trading Wednesday, after the video-streaming giant posted a fourth-quarter earnings beat with solid subscriber growth numbers, both in the US and internationally. Netflix reported earnings per share of 15 cents on revenue of $2.48 billion, compared to consensus estimates of 13 cents EPS on $2.47 billion in revenue.

“We are learning rapidly how best to match content with audience tastes around the world,” CEO Reed Hastings wrote in a letter to shareholders. “It is clear to us that high quality content travels well across borders.”

“The next decade will be even more amazing and tumultuous as Internet TV supplants linear TV, and as we strive to remain a leader.”

On the ratings front, NFLX has been the subject of a number of recent research reports. In a report released today, Brean Capital analyst Alan Gould reiterated a Buy rating on NFLX, with a price target of $145, which represents a potential upside of 9% from where the stock is currently trading. Separately, yesterday, Mizuho’s Neil Doshi upgraded the stock to Buy and has a price target of $152.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Alan Gould and Neil Doshi have a yearly average return of 11.3% and 12.4% respectively. Gould has a success rate of 82% and is ranked #720 out of 4350 analysts, while Doshi has a success rate of 66% and is ranked #226.

Overall, 2 research analysts have rated the stock with a Sell rating, 7 research analysts have assigned a Hold rating and 17 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $135.29 which is 1.5% above where the stock opened today.

CSX Corporation

Shares of railroad company CSX Corporation (NASDAQ:CSX) rose nearly 8% late Wednesday following the announcement that Canadian Pacific (NYSE:CP) CEO Hunter Harrison would retire about five months earlier than planned, and might be heading to CSX. Harrison would be replaced by chief operating officer Keith Creel, who helped lead the Norfolk Southern takeover attempt last year.

In a research report released today, Oppenheimer analyst Scott Schneeberger reiterated a Hold rating on CSX. On January 9, Barclays’ Brandon Oglenski maintained a Buy rating on the stock and has a price target of $41.

Sentiment on the street is mostly bullish on CSX stock. Out of 7 analysts who cover the stock, 4 suggest a Buy rating and 3 recommend to Hold the stock. The 12-month average price target assigned to the stock is $38.60, which represents a slight upside potential from current levels.

CSX Corp. engages in the provision of rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers. It operates through its principal operating subsidiary, CSX Transportation, Inc., provides an important link to the transportation supply chain through its rail network.


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