Bankrate Given New $21.00 Price Target at Stephens (RATE)
Equities researchers at Stephens dropped their price objective on shares of Bankrate (NYSE:RATE) from $23.00 to $21.00 in a research report issued on Friday. Stephens’ price target would indicate a potential upside of 48.73% from the company’s current price.
A number of other firms have also recently commented on RATE. Analysts at Topeka Capital Markets cut their price target on shares of Bankrate from $19.00 to $18.00 in a research note on Friday. Separately, analysts at SunTrust cut their price target on shares of Bankrate from $27.00 to $22.00 in a research note on Friday. Finally, analysts at RBC Capital cut their price target on shares of Bankrate from $21.00 to $19.00 in a research note on Friday. One analyst has rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $20.56.
Bankrate (NYSE:RATE) opened at 14.12 on Friday. Bankrate has a 1-year low of $13.45 and a 1-year high of $23.14. The stock has a 50-day moving average of $17.31 and a 200-day moving average of $17.01. The company’s market cap is $1.479 billion.
Bankrate (NYSE:RATE) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.15 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.15. The company had revenue of $130.90 million for the quarter, compared to the consensus estimate of $133.20 million. During the same quarter last year, the company posted $0.10 earnings per share. Bankrate’s revenue was up 24.1% compared to the same quarter last year. 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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