Bankrate Price Target Cut to $18.00 (RATE)
Investment analysts at SunTrust decreased their price target on shares of Bankrate (NYSE:RATE) from $22.00 to $18.00 in a note issued to investors on Tuesday. SunTrust’s target price would suggest a potential upside of 28.21% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stephens cut their price target on shares of Bankrate from $23.00 to $21.00 in a research note on Friday, August 8th. Separately, 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, August 8th. 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, August 8th. One investment analyst has rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $20.11.
Bankrate (NYSE:RATE) traded up 0.21% on Tuesday, hitting $14.07. The stock had a trading volume of 231,480 shares. Bankrate has a 1-year low of $13.45 and a 1-year high of $23.14. The stock’s 50-day moving average is $16.08 and its 200-day moving average is $16.85. The company’s market cap is $1.447 billion.
Bankrate (NYSE:RATE) last posted its quarterly earnings results 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 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 $0.68 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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