Rentrak Corp. Price Target Increased to $85.00 by Analysts at BWS Financial (RENT)
Investment analysts at BWS Financial boosted their price target on shares of Rentrak Corp. (NASDAQ:RENT) to $85.00 in a note issued to investors on Tuesday, American Banking and Market News reports. BWS Financial’s price target indicates a potential upside of 32.48% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Brean Capital raised their price target on shares of Rentrak Corp. to $74.00 in a research note on Wednesday, February 5th. They now have a “buy” rating on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of Rentrak Corp. from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Finally, analysts at Zacks upgraded shares of Rentrak Corp. from a “neutral” rating to an “outperform” rating in a research note on Monday, January 27th. They now have a $57.40 price target on the stock. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $63.35.
Rentrak Corp. (NASDAQ:RENT) opened at 64.16 on Tuesday. Rentrak Corp. has a one year low of $19.77 and a one year high of $65.49. The stock’s 50-day moving average is $50.02 and its 200-day moving average is $36.63. The company’s market cap is $776.5 million.
Rentrak Corp. (NASDAQ:RENT) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.18. The company had revenue of $31.60 million for the quarter, compared to the consensus estimate of $30.39 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 26.7% on a year-over-year basis. On average, analysts predict that Rentrak Corp. will post $-0.14 earnings per share for the current fiscal year.
Rentrak Corporation is a global digital media measurement, research and distribution company, serving the entertainment, television and advertising industries.
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