Stifel Nicolaus Initiates Coverage on Red Hat (RHT)
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets initiated coverage on shares of Red Hat in a research note to investors on Thursday. They set an “outperform” rating on the stock. Separately, 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. Finally, analysts at Wells Fargo & Co. (NYSE: WFC) reiterated an “outperform” rating on shares of Red Hat in a research note to investors on Thursday, March 29th.
Red Hat traded up 0.36% on Friday, hitting $58.91. 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 $11.361 billion and a price-to-earnings ratio of 78.27.
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.
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.