Technology

Overview of Analyst Future Earnings Forecast: Red Hat, Inc. (NYSE:RHT)

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Red Hat, Inc. (NYSE:RHT) closed its last session at $77.04 with the change of +1.66%. The market capitalization of the company is $13.95B with an average Volume of 1.61 million shares. The stock currently has its 52-Week High range of $84.44 and 52-week low range of $59.59. The Price to Book (P/B) ratio stands at 10.17. The stock traded total quantity of 3.02 million shares.

Currently Red Hat, Inc. (RHT) captured an average recommendation of “ Overweight ” from analysts, according to FactSet data. The stock has been suggested as “Buy” from “20″ Analysts”. “1” rated “Sell” for the company. “6” said the company as a “Hold”. Overweight rating was given by “2” and Underweight rating was given by “0”.

Analysts are expecting that the company to achieve $87.43 Price Target in next 52-weeks, average price is come up through the consensus of analysts. High potential price target is set at $105.00 however minimum price target advised by analysts is $74.00. The Median price target for the stock is measured at $88.00.

Presently, Analysts decided consensus EPS estimate of $0.54 for present quarter and one month ago projected EPS estimate was at $0.54. If we take a look at back 3 month ago, consensus EPS estimate was $0.55.

A current consensus EPS estimate for next quarter is at $0.57 and 3 month ago EPS forecast was $0.57. Have a look at back 1 month ago, consensus EPS forecast was seen at $0.57.

For current fiscal year, most recent EPS estimate is set at $2.21 based on Analyst consensus and three month ago consensus EPS opinions was at $2.24. During period one month ago, consensus EPS forecast was decided at $2.21.

A current consensus EPS projection for next fiscal year is observed at $2.59 and one month ago consensus EPS forecast was at $2.59. Take a look at back three month ago, consensus EPS estimate opinions was decided at $2.60 by analysts.

One Month ago, the stock has gained consensus mean rating of Overweight based on the analysis of brokerage analyst firms polled. 20 presented the recommendations about the stock as a “Buy” signal and “Overweight” signal was reported by 2. 6 advised the “Hold” rating about this stock. 1 revealed “Sell” signal and “Underweight” rating was declared by 0.

Three Months Ago, Analysts recommended an average brokerage rating of Overweight derived from brokerage firms, according to FactSet. 22 said a “Buy Rating” and 2 announced “Overweight Rating”. 6 advised “Hold Rating” regarding the stock. 1 announced “Sell Rating” and 0 disclosed “Underweight Rating”.

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