Bankrate Price Target Raised to $17.00 at JPMorgan Chase & Co. (RATE)
Analysts at JPMorgan Chase & Co. hoisted their price target on shares of Bankrate (NYSE:RATE) from $15.00 to $17.00 in a research report issued to clients and investors on Thursday, Analyst Ratings.Net reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 0.95% from the stock’s previous close.
RATE has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Bankrate in a research note to investors on Thursday. They now have a $18.00 price target on the stock, down previously from $20.00. Separately, analysts at Stifel Nicolaus downgraded shares of Bankrate from a “buy” rating to a “hold” rating in a research note to investors on Thursday. They now have a $23.00 price target on the stock. Finally, analysts at Needham & Company reiterated a “buy” rating on shares of Bankrate in a research note to investors on Wednesday, October 2nd. They now have a $25.00 price target on the stock, up previously from $20.00. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $19.40.
Bankrate (NYSE:RATE) traded down 19.58% on Thursday, hitting $16.84. 4,983,023 shares of the company’s stock traded hands. Bankrate has a 52-week low of $9.90 and a 52-week high of $19.75. The stock has a 50-day moving average of $20.65 and a 200-day moving average of $16.71. The company has a market cap of $1.707 billion and a price-to-earnings ratio of 536.92.
Bankrate (NYSE:RATE) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.15 by $0.02. The company had revenue of $121.20 million for the quarter, compared to the consensus estimate of $119.48 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Analysts expect that Bankrate will post $0.53 EPS for the current fiscal year.
Bankrate, Inc (NYSE:RATE) is a publisher, aggregator and distributor of personal finance content on the Internet.
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