Mizuho Starts Stock Coverage on Red Hat (RHT)
Red Hat traded down 0.82% on Thursday, hitting $50.96. Red Hat has a 1-year low of $31.77 and a 1-year high of $62.75. The company has a market cap of $9.828 billion and a price-to-earnings ratio of 68.51.
Red Hat last released its earnings data on Wednesday, March 28th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.02. The company’s quarterly revenue was up 21.3% on a year-over-year basis. Analysts expect that Red Hat will post $0.29 EPS next quarter.
A number of other analysts have also recently weighed in on RHT. Analysts at Stifel Nicolaus initiated coverage on shares of Red Hat in a research note to investors on Friday, May 4th. They set a “buy” rating and a $70.00 price target on the stock. Separately, analysts at BMO Capital Markets initiated coverage on shares of Red Hat in a research note to investors on Thursday, May 3rd. They set an “outperform” rating on the stock. Finally, analysts at MKM Partners initiated coverage on shares of Red Hat in a research note to investors on Tuesday, April 10th. They set a “neutral” rating on the stock.
Red Hat, Inc. (Red Hat) is engaged in providing open source software solutions to the enterprise, including its Red Hat Enterprise Linux and JBoss Enterprise Middleware.