Red Hat (RHT) Price Target Increased to $160.00 by Analysts at Royal Bank of Canada

Red Hat (NYSE:RHT) had its price objective increased by Royal Bank of Canada to $160.00 in a report released on Wednesday. They currently have an outperform rating on the open-source software company’s stock.

Other research analysts have also recently issued research reports about the company. KeyCorp restated an overweight rating and issued a $135.00 price target (up previously from $125.00) on shares of Red Hat in a research note on Monday, December 4th. Zacks Investment Research upgraded Red Hat from a hold rating to a buy rating and set a $140.00 price target for the company in a research note on Tuesday, December 5th. Cowen restated a buy rating and issued a $136.00 price target on shares of Red Hat in a research note on Monday, December 11th. Mizuho boosted their price target on Red Hat from $125.00 to $140.00 and gave the stock a buy rating in a research note on Wednesday, December 13th. Finally, Barclays restated a buy rating and issued a $145.00 price target on shares of Red Hat in a research note on Wednesday, December 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $131.78.

How to Become a New Pot Stock Millionaire

RHT stock opened at $147.90 on Wednesday. The stock has a market capitalization of $26,178.89, a price-to-earnings ratio of 76.24, a price-to-earnings-growth ratio of 3.92 and a beta of 1.06. Red Hat has a one year low of $81.92 and a one year high of $157.22. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.37 and a current ratio of 1.37.

In other Red Hat news, CEO James M. Whitehurst sold 5,593 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $124.87, for a total transaction of $698,397.91. Following the completion of the sale, the chief executive officer now owns 373,506 shares of the company’s stock, valued at $46,639,694.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William S. Kaiser sold 7,700 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $130.00, for a total value of $1,001,000.00. Following the sale, the director now directly owns 61,652 shares of the company’s stock, valued at approximately $8,014,760. The disclosure for this sale can be found here. Insiders have sold 14,686 shares of company stock valued at $1,873,342 in the last three months. 0.66% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. We Are One Seven LLC bought a new stake in Red Hat during the fourth quarter valued at about $105,000. Zions Bancorporation bought a new stake in Red Hat during the third quarter valued at about $164,000. Avestar Capital LLC bought a new stake in Red Hat during the fourth quarter valued at about $168,000. Calton & Associates Inc. bought a new stake in Red Hat during the fourth quarter valued at about $189,000. Finally, Winslow Evans & Crocker Inc. bought a new stake in Red Hat during the fourth quarter valued at about $193,000. 95.71% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Red Hat (RHT) Price Target Increased to $160.00 by Analysts at Royal Bank of Canada” was published by Ticker Report and is owned by of Ticker Report. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://www.tickerreport.com/banking-finance/3299275/red-hat-rht-price-target-increased-to-160-00-by-analysts-at-royal-bank-of-canada.html.

Red Hat Company Profile

Red Hat, Inc (Red Hat) provides open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, management, middleware, cloud, mobile and storage technologies. Red Hat operates through three geographical segments: the Americas, including the United States, Canada and Latin America; EMEA, including Europe, Middle East and Africa, and Asia Pacific.

Analyst Recommendations for Red Hat (NYSE:RHT)

Receive News & Ratings for Red Hat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Hat and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

SunTrust Banks  Given Daily News Impact Score of 0.10
SunTrust Banks Given Daily News Impact Score of 0.10
TD Ameritrade  Given Daily News Sentiment Rating of 0.17
TD Ameritrade Given Daily News Sentiment Rating of 0.17
Fiat Chrysler Automobiles  Given Daily News Sentiment Rating of 0.06
Fiat Chrysler Automobiles Given Daily News Sentiment Rating of 0.06
Somewhat Favorable News Coverage Somewhat Unlikely to Affect Marathon Petroleum  Share Price
Somewhat Favorable News Coverage Somewhat Unlikely to Affect Marathon Petroleum Share Price
Oclaro  Stock Price Down 8.9%
Oclaro Stock Price Down 8.9%
Digital Power  Stock Price Down 6.7%
Digital Power Stock Price Down 6.7%


© 2006-2018 Ticker Report. Google+.