RBC Capital Reiterates Hold Rating for Bankrate (RATE)
Bankrate (NASDAQ:RATE)‘s stock had its “hold” rating reaffirmed by equities research analysts at RBC Capital in a research note issued to investors on Monday, AR Network reports. They currently have a $18.00 price target on the stock. RBC Capital’s target price would suggest a potential downside of 12.49% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Stephens raised their price target on shares of Bankrate (NASDAQ:RATE) from $18.00 to $23.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Separately, 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $18.70.
Shares of Bankrate (NASDAQ:RATE) traded up 2.90% during mid-day trading on Monday, hitting $20.57. The stock had a trading volume of 348,049 shares. Bankrate has a one year low of $9.90 and a one year high of $20.12. The stock has a 50-day moving average of $17.89 and a 200-day moving average of $15.15. The company has a market cap of $2.085 billion and a P/E ratio of 512.56.
Bankrate (NASDAQ:RATE) last announced its earnings results 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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