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.

Many analysts weighed in on price targets for RHT. The maximum price target given was 127, implying potential capital gains of 28.92 percent. The most pessimistic price target was 89, implying potential capital losses of -9.65 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 3.76 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of 2.6 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, 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. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of RHT is 2.33.

In the last 52-weeks, RHT has achieved a high of 101.73 and a low of 68.54. Today's price is 43.73 percent above the 52-week 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 will post this quarters earnings in days, on 0000-00-00.