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Shares of Rackspace Hosting (NYSE:RAX) have received an average recommendation of “Hold” from the nineteen brokerages that are presently covering the company, AnalystRatings.Net reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $41.04.

Several analysts have recently commented on the stock. Analysts at Davidson upgraded shares of Rackspace Hosting to a “neutral” rating in a research note on Monday, July 14th. Separately, analysts at DA Davidson upgraded shares of Rackspace Hosting from an “underperform” rating to a “neutral” rating in a research note on Monday, July 14th. They now have a $33.00 price target on the stock, down previously from $43.00. They noted that the move was a valuation call.

Rackspace Hosting (NYSE:RAX) opened at 29.75 on Wednesday. Rackspace Hosting has a one year low of $26.18 and a one year high of $54.20. The stock’s 50-day moving average is $33.71 and its 200-day moving average is $33.99. The company has a market cap of $4.227 billion and a P/E ratio of 50.48.

Rackspace Hosting (NYSE:RAX) last announced its earnings results on Monday, May 12th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 16.2% on a year-over-year basis. Analysts expect that Rackspace Hosting will post $0.68 EPS for the current fiscal year.

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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