Analyst Ratings for Rackspace Hosting, Inc. (RAX)Updated: 2016-11-01
Many analysts weighed in on price targets for RAX. The maximum price target given was 44, which equates to a potential upside of 37.54 percent. The most pessimistic price target was 18, implying a possible loss of -43.73 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -6.34 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.96 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of RAX to grow at a rate of -7.67 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of RAX is -3.62.
RAX has traded between a high of 32.14 and a low of 15.05 over the past year. The current market price is above the trailing year's low by 112.56 percent, and below the high by 0.47 percent. RAX has a P/E ratio of 27.79. Investors typically compare the P/E ratio to a company's peers in the industry. The RAX value stock report compares RAX to some of its peers using value stock charts. The market cap of RAX is $4.02 billion. RAX is estimated to release their earnings results for the quarter on 2016-11-07, days from today.