Red Hat Receives “Positive” Rating from Jefferies Group (RHT)
Red Hat (NYSE:RHT)‘s stock had its “positive” rating reaffirmed by equities research analysts at Jefferies Group in a research note issued to investors on Friday, Analyst Ratings Network.com reports.
Red Hat (NYSE:RHT) traded up 0.61% on Friday, hitting $53.919. 233,334 shares of the company’s stock traded hands. Red Hat has a 1-year low of $44.92 and a 1-year high of $58.42. The stock’s 50-day moving average is $51.94 and its 200-day moving average is $49.97. The company has a market cap of $10.207 billion and a price-to-earnings ratio of 67.84.
Red Hat (NYSE:RHT) last issued its quarterly earnings data on Monday, September 23rd. The company reported $0.00 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.33 by $0.33. Analysts expect that Red Hat will post $1.35 EPS for the current fiscal year.
RHT has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. cut their price target on shares of Red Hat (NYSE:RHT) from $43.00 to $39.00 in a research note to investors on Monday, July 22nd. They now have an “underweight” rating on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Red Hat (NYSE:RHT) in a research note to investors on Friday, July 19th. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Red Hat (NYSE:RHT) in a research note to investors on Tuesday, July 9th.
One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $55.60.
Red Hat, Inc (NYSE:RHT) is engaged in providing open source software solutions to the enterprise, including its Red Hat Enterprise Linux and JBoss Enterprise Middleware.
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