JPMorgan Analyst (JPM) Paul Coster Maintain Price Target for Coinstar (NASDAQ:CSTR)

Analyst of JPMorgan Chase & Co (NYSE:JPM) Paul Coster maintained his neutral rating on Coinstar, Inc (NASDAQ:CSTR), along with a price target of $52.

JPM analyst reported in a note to clients that he is incremementally constructive regarding Redbox’s joint venture with Verizon Communications Inc (NYSE:VZ) on a streaming video service

The Redbox Instant service is set to unveil in the primary three months of coming year, featuring a monthly scheme at $8 that would include streaming and four rentals from a Redbox kiosk.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Netflix, Inc. (NASDAQ:NFLX) fell -1.29% to settle at $89.33, NCR Corporation (NYSE:NCR) moved down -0.24% to end at $24.99 while Hastings Entertainment, Inc. (NASDAQ:HAST) plunged -1.82% to finish at $2.16 on Friday.

Coinstar, Inc. (NASDAQ:CSTR) last session’s volume of 394,286 shares was surprisingly lower than its average volume of 854,436 shares. The stock after opening at $50.28 hit high price of $51.25 and then closed at $50.43 by scoring +0.18%.

The liquidity measure in recent quarter results of the company was recorded 1.19 as current ratio and on the other side the debt to equity ratio was 0.66 and long-term debt to equity ratio remained at 0.62. The Company had total cash of $308.46 million at hand and a book value per share as $20.37 in the most recent quarter.

The stock’s price volatility was 2.41% for a week and 2.84% for a month as well as price volatility’s Average True Range for 14 days was 1.40 and its beta remained at 0.83.

CSTR generated revenue of $2.16 billion in the previous twelve months and earned $158.87 million. The Company showed a positive 7.36% in the net profit margin as well as in its operating margin which remained at 12.49%. Company’s annual sales growth for the past five years was 28.13%.

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