Impact of Brokerage Rating on Red Hat, Inc.(RHT)

Many Red Hat, Inc.(RHT) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Red Hat Inc was Initiated by Wells Fargo to Outperform on Jan 11, 2017. Red Hat Inc was Downgraded by Stifel on Dec 22, 2016 to Hold, Lowers Price Target to $ 70 from a previous price target of $87 .Red Hat Inc was Downgraded by BMO Capital Markets on Dec 22, 2016 to Market Perform, Lowers Price Target to $ 75 from a previous price target of $89 .Red Hat Inc was Reiterated by Mizuho on Dec 22, 2016 to Buy, Lowers Price Target to $ 80 from a previous price target of $88 .Red Hat Inc was Initiated by Rosenblatt on Nov 28, 2016 to Buy, Price Target of the shares are set at $95.

Company has reported several Insider transactions to the SEC, on Jan 23, 2017, Delisa Alexander (EVP, Chief People Officer) sold 16,712 shares at 73.67 per share price.On Oct 4, 2016, Michael Cunningham (EVP, General Counsel) sold 15,000 shares at 80.42 per share price.On Oct 4, 2016, William S Kaiser (director) sold 12,500 shares at 80.35 per share price.

Red Hat Inc Last issued its quarterly earnings results on Dec 21, 2016. The company reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.58. The company had revenue of $615.30 million for the quarter, compared to analysts expectations of $618.46 million. The companys revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.

Red Hat, Inc. (NYSE:RHT) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.5 by 18 Brokerage Firm. 13 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 4 Brokerage Firms have advised hold.

Red Hat, Inc. (NYSE:RHT): The stock price is expected to reach $ 85.34 in the short term. The number of analysts agreeing with this consensus is 17. The higher estimate for the short term price target is at $105 while the lower estimate is at $70. The standard deviation of the price stands at $8.94.

Red Hat, Inc. (NYSE:RHT) rose 0.4% or 0.32 points on Tuesday and made its way into the gainers of the day. After trading began at $79.83 the stock was seen hitting $80.23 as a peak level and $79.36 as the lowest level. The stock ended up at $80.09. The daily volume was measured at 1,314,194 shares. The 52-week high of the share price is $82.73 and the 52-week low is $63.01. The company has a market cap of $14,279 million.

Red Hat Inc. is a leading developer and provider of open source software and services, including the Red Hat Linux operating system. Unlike proprietary software, open source software has publicly available source code and can be copied, modified and distributed with minimal restrictions. The web site, REDHAT.COM, is a leading online source of information and news about open source software and one of the largest online communities of open source software users and developers.


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