Bankrate Receives Average Rating of “Hold” from Brokerages (NYSE:RATE)
Bankrate (NYSE:RATE) has received a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, American Banking and Market News reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $20.89.
A number of analysts have recently weighed in on RATE shares. Analysts at JPMorgan Chase & Co. raised their price target on shares of Bankrate from $18.00 to $19.00 in a research note on Thursday. Separately, analysts at Canaccord Genuity raised their price target on shares of Bankrate from $17.00 to $20.00 in a research note on Friday, February 14th. They now have a “hold” rating on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Bankrate in a research note on Friday, February 14th. They now have a $22.00 price target on the stock, up previously from $20.00.
Bankrate (NYSE:RATE) traded down 0.64% on Thursday, hitting $15.55. The stock had a trading volume of 453,925 shares. Bankrate has a 52 week low of $13.05 and a 52 week high of $23.14. The stock has a 50-day moving average of $16.91 and a 200-day moving average of $17.82. The company’s market cap is $1.581 billion.
Bankrate (NYSE:RATE) last released its earnings data on Wednesday, May 7th. The company reported $0.17 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.17. The company had revenue of $136.50 million for the quarter, compared to the consensus estimate of $127.42 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 25.9% on a year-over-year basis. On average, analysts predict that Bankrate will post $0.69 earnings per share 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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