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.

A number of analysts gave price targets for RHT. The most optimistic analyst gave a price target of 127, which equates to a potential upside of 28.92 percent. The minimum price target given was 89, implying a possible loss of -9.65 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.6 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.

The growth rate of RHT's earnings is estimated by analysts to be 29.19 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. RHT has a PEG ratio of 2.33.

In the last 52-weeks, RHT has achieved a high of 101.73 and a low of 68.54. Currently the stock is 43.73 percent higher than its low, and below the high by 3.17 percent. RHT has a P/E 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.