Bankrate, Inc. Common Stock (NYSE:RATE):
Bankrate Schedules Conference Call Announcing Third Quarter 2016 Earnings.
The company is so far trading up by 1.30% since yesterday’s close of $7.7.
It is trading at $7.80 slightly below the 50 day moving average of $7.99 and which is just a bit below the 200 day moving average of $8.23. The 50 day moving average went down by -2.37% and the 200 day average moved down $-0.43.
As of the last earnings report the EPS was $-0.64 and is estimated to be $0.54 for the current year with 88,968,000 shares currently outstanding. Next quarter’s EPS is expected be $0.18 with next year’s EPS anticipated to be $0.64.
Several analysts have released opinions on the stock. On February 26 the company was upgraded from “Sell” to “Neutral” in a report issued by Goldman Sachs. On February 25 the stock rating was downgraded to “Hold” from “Buy” and a price target of $9.00 was set in a statement from Topeka Capital.
On February 25 the stock rating was downgraded from “Outperform” to “Sector Perform” with a current price target of $9.00 in a report from RBC Capital. Topeka Capital both downgraded the stock and lowered the price target on February 25 changing the price target from $0.00 to $9.00 and moving the rating from “Buy” to “Hold”.
Equity analyst RBC Capital downgraded the stock and lowered the price target on February 25 cutting the price target from $0.00 to $9.00 and changing the rating from “Outperform” to “Sector Perform”. On February 8 analysts at Sidoti & Co. added RATE to its research portfolio with an initial rating of “Buy”.