Bankrate Price Target Increased to $23.00 by Analysts at Stephens (RATE)
Analysts at Stephens upped their target price on shares of Bankrate (NASDAQ:RATE) from $18.00 to $23.00 in a research report issued to clients and investors on Monday, Analyst Ratings Network reports. The firm currently has an “overweight” rating on the stock. Stephens’ price target would suggest a potential upside of 11.81% from the stock’s previous close.
A number of other firms have also recently commented on RATE. Analysts at Stifel Nicolaus raised their price target on shares of Bankrate (NASDAQ:RATE) from $20.00 to $23.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Bankrate (NASDAQ:RATE) from $15.00 to $18.00 in a research note to investors on Tuesday, August 6th. They now have a “sector perform” rating on the stock. Finally, analysts at Topeka Capital Markets raised their price target on shares of Bankrate (NASDAQ:RATE) from $15.00 to $16.00 in a research note to investors on Tuesday, July 30th. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $18.70.
Bankrate (NASDAQ:RATE) traded up 2.90% on Monday, hitting $20.57. The stock had a trading volume of 348,049 shares. Bankrate has a 52 week low of $9.90 and a 52 week high of $20.12. The stock’s 50-day moving average is $17.89 and its 200-day moving average is $15.15. The company has a market cap of $2.085 billion and a P/E ratio of 512.56.
Bankrate (NASDAQ:RATE) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.01. The company had revenue of $105.50 million for the quarter, compared to the consensus estimate of $106.34 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was down 13.6% on a year-over-year basis. On average, analysts predict that Bankrate will post $0.53 earnings per share for the current fiscal year.
Bankrate, Inc (NASDAQ:RATE) is a publisher, aggregator and distributor of personal finance content on the Internet.
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