Analyst Ratings for Red Hat Inc. (RHT)

Updated: 2017-07-29

An average rating of Overweight has been given to Red Hat Inc. (NYSE:RHT) by analysts covering the stock. RHT had previously received a consensus rating of Overweight a month ago.

Of the 31 analysts covering the stock, 19 gave it a buy rating, 1 issued an overweight rating, 10 gave a hold rating, 0 issued an underweight rating, and 1 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

Several price targets were given for RHT by the analysts covering the stock. The most optimistic price target was 127, implying a possible profit of 28.92 percent. The most pessimistic price target was 89, implying potential capital losses of -9.65 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.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is 3.76 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 2.6 percent in FY estimates.

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, compared to 0 analysts that revised their FY estimates downwards.

RHT has an estimated earnings growth rate of 29.19 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. 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. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of RHT is 2.33.

RHT has traded between a high of 101.73 and a low of 68.54 over the past year. Currently the stock is 43.73 percent higher than its low, and 3.17 percent below the high. RHT has a price/earnings ratio of 67.94. Investors typically compare the P/E ratio to a company's peers in the industry. The RHT value stock report compares RHT to some of its peers using value stock charts. The stock has a market capitalization of $17.55 billion. RHT is estimated to release their earnings results for the quarter on 0000-00-00, days from today.