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Rackspace Hosting (NYSE:RAX) has received an average recommendation of “Hold” from the nineteen analysts that are currently covering the company, Analyst Ratings Net reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $42.27.

Rackspace Hosting (NYSE:RAX) traded up 9.34% on Tuesday, hitting $30.10. 6,325,062 shares of the company’s stock traded hands. Rackspace Hosting has a 52 week low of $26.18 and a 52 week high of $54.20. The stock has a 50-day moving average of $30. and a 200-day moving average of $36.37. The company has a market cap of $4.269 billion and a P/E ratio of 45.13. Rackspace Hosting also was the recipient of unusually large options trading on Monday. Investors purchased 20,455 call options on the stock. This is an increase of 502% compared to the typical volume of 3,396 call options.

Rackspace Hosting (NYSE:RAX) last announced its earnings results on Monday, May 12th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.06. The company had revenue of $421.00 million for the quarter, compared to the consensus estimate of $419.63 million. During the same quarter last year, the company posted $0.19 earnings per share. Rackspace Hosting’s revenue was up 16.2% compared to the same quarter last year. On average, analysts predict that Rackspace Hosting will post $0.62 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on RAX shares. Analysts at Cowen and Company raised their price target on shares of Rackspace Hosting from $52.00 to $57.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at UBS AG cut their price target on shares of Rackspace Hosting from $38.00 to $34.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Finally, analysts at Oppenheimer cut their EPS estimates on shares of Rackspace Hosting in a research note on Tuesday. They now have an “outperform” rating and a $40.00 price target on the stock. They previously had a $49.00 price target on the stock.

Rackspace Hosting, Inc, is the open cloud company. The Company offers a diverse portfolio of cloud computing services, including public, dedicated and private cloud, and hybrid hosting.

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