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 maximum price target given was 127, implying potential capital gains of 28.92 percent. The lowest price target was 89, which equates to a potential downside 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.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes 3.76 percent if we expand the time horizon to include the past 3 months instead of just one. 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 2.6 percent.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's 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. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. 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 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 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 market cap of RHT is $17.55 billion. RHT's next earnings release will be on 0000-00-00, which is days away.