Bankrate, Inc. Common Stock (NYSE:RATE):
65% of Americans are Limiting Their Monthly Spending.
The company is trading up since yesterday’s close of $7.7.
Shares of the company are trading at $7.80 barely below $7.99, the 50 day moving average and a bit lower than the 200 day moving average of $8.23. The 50 day moving average was down by -2.37% and the 200 day average went down $-0.43 or -5.27%.
As of the latest earnings report the EPS was $-0.64 and is estimated to be $0.54 for the current year with 88,968,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.18 with next year’s EPS anticipated to be $0.64.
Wall Street investment firms have provided guidance on Bankrate, Inc. Common Stock. On February 26, 2016 the stock rating was changed to a “Neutral” by Goldman Sachs up from the previous “Sell” rating. On February 25 the company was downgraded to “Hold” from “Buy” with a current price target of $9.00 in an announcement from Topeka Capital.
On February 25 the stock rating was downgraded from “Outperform” to “Sector Perform” and a price target of $9.00 was set in a report from RBC Capital. Equity analyst Topeka Capital lowered the price target and downgraded the stock on February 25 cutting the price target from $0.00 to $9.00 and setting the rating at “Hold” which had previously been “Buy”.
RBC Capital downgraded the stock and lowered the price target on February 25 changing the price objective from $0.00 to $9.00 and moving the rating from “Outperform” to “Sector Perform”. Equity analyst Sidoti & Co. added the stock to its research portfolio with a rating of “Buy”.