Red Hat, Inc. (NYSE:RHT)
Nomura Maintains Red Hat, Inc. (NYSE:RHT)’s stock to Buy with the price target of $175. This rating was issued on 9/20/18. The stock recently closed its previous session at $124.84 by showing a percentage change of -0.61% from its previous day closing price of $125.6.
Price Target is basically a projection of future price of a company’s stock by the expert analysis of investment analysts or investment firms. There may be various price targets for a stock. These analysts and investment firms use various valuation methods to decide a price target for a stock.
Several investment firms issued their expert ratings on Red Hat, Inc. (NYSE:RHT) in which Stifel Nicolaus Maintains Red Hat, Inc. (NYSE:RHT) to Buy by settling a price target of $160 on 9/20/18. Citigroup Maintains the stock to Buy on 9/20/18 by stationing a price target of $163. KeyBanc Maintains the company’s stock to Overweight on 9/20/18 by setting a price target of $180. JP Morgan Downgrades Red Hat, Inc. (NYSE:RHT) to Neutral with a price target of $150.
Red Hat, Inc. (NYSE:RHT) currently has a consensus Price Target of $157.12. While some analysts have a High Price target for the stock of $186 and a Low Price Target of $100.
Several sell side analysts reviewed their recommendations on Red Hat, Inc. (NYSE:RHT) where 7 analyst have rated the stock as Strong Buy, 7 analysts said it’s a Buy, 10 rated the stock as Hold, 3 analysts reported Underperform and 0 analysts gave their recommendations as Sell. (Current Month Yahoo Finance Ratings)
Zacks Investment Research also rated the stock with a value of 1.85. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.
In the last Quarter, Red Hat, Inc. (NYSE:RHT) reported its Actual EPS of $0.85/share. The analysts offering Earnings Estimates for the company were believing that Red Hat, Inc. (NYSE:RHT) could bring EPS of $0.82/share. The difference between Actual EPS and Estimated EPS was 0.03 Percent. Thus the company showed an Earnings Surprise of 3.7 Percent.
Red Hat, Inc. (NYSE:RHT) has a market capitalization of 21.97 Billion. The stock traded with the volume of 1.13 Million shares in the last trading session. The stock touched its high share price of $177.70 on 06/14/18 and the stock also touched its Lowest price in the last 52-weeks of trading on 10/11/18 as $116.31. The company has a 1 Year high price target of $158.88. The stock is currently trading with a distance of 20-Day Simple Moving Average (SMA20) of -3.6%. The Moving Average SMA50 is -9.86% while SMA200 is -14.77%.
Red Hat, Inc. (NYSE:RHT) is currently showing its ROA (Return on Assets) of 5.7%. The Return on Investment (ROI) is at 16.9% while it’s Return on Equity (ROE) value stands at 20.5%. The stock currently shows its YTD (Year to Date) performance of 3.95 percent while its Weekly performance value is 6.08%. The Monthly and Yearly performances are -12.52 percent and 3.07 percent respectively. The Relative Volume value measured for Red Hat, Inc. (NYSE:RHT) is 0.58. The Average Volume (3 months) is 1.94 Million.
The stock currently has its Annual Dividend of $0 and an annual Dividend Yield of 0 Percent. RHT has P/E (Price to Earnings ttm) value of 56.08, Forward P/E of 31.37, P/C (Price to cash per share) of 12.49 and Price to Free Cash Flow (P/FCF) value of 22.31. The stock is showing its Operating Margin of 15.7 percent.
Red Hat is the world’s leading provider of open source software solutions, using a community-powered approach to provide reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As a connective hub in a global network of enterprises, partners, and open source communities, Red Hat helps create relevant, innovative technologies that liberate resources for growth and prepare customers for the future of IT.