Bankrate Price Target Cut to $22.00 by Analysts at SunTrust (RATE)
Analysts at SunTrust reduced their target price on shares of Bankrate (NYSE:RATE) from $27.00 to $22.00 in a research report issued to clients and investors on Friday. SunTrust’s price target points to a potential upside of 55.81% from the stock’s previous close.
RATE has been the subject of a number of other recent research reports. Analysts at RBC Capital cut their price target on shares of Bankrate from $21.00 to $19.00 in a research note on Friday. Separately, analysts at Canaccord Genuity cut their price target on shares of Bankrate from $20.00 to $16.00 in a research note on Friday. One equities research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $20.56.
Shares of Bankrate (NYSE:RATE) opened at 14.12 on Friday. Bankrate has a 52 week low of $13.45 and a 52 week high of $23.14. The stock’s 50-day moving average is $17.31 and its 200-day moving average is $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 (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 24.1% 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.