RBC Capital Lowers Bankrate Price Target to $19.00 (RATE)
Equities researchers at RBC Capital decreased their price objective on shares of Bankrate (NYSE:RATE) from $21.00 to $19.00 in a research report issued on Friday. RBC Capital’s price target would suggest a potential upside of 34.56% from the stock’s previous close.
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 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 posted its quarterly earnings results on Thursday, August 7th. The company reported $0.15 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue 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.
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 analyst has rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $20.56.
Bankrate, Inc (NYSE:RATE) is a publisher, aggregator and distributor of personal finance content on the Internet.
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