Bankrate, Inc. Common Stock (NYSE:RATE):
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The company is so far trading up by 1.30% since yesterday’s close of $7.7.
It is trading at $7.80 a tad below $7.99, the 50 day moving average and a tad under the 200 day moving average of $8.23. The 50 day moving average moved down $-0.19 and the 200 day average went down $-0.43 or -5.27%.
In the last earnings report the EPS was $-0.64 and is expected 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.
A few brokerage analysts have issued ratings on RATE of late. On February 26, 2016 the stock rating was changed to a “Neutral” by Goldman Sachs which was a boost from the previous “Sell” rating. On February 25 the company was downgraded from “Buy” to “Hold” and a price target of $9.00 was set in a report issued by Topeka Capital.
On February 25 the stock rating was downgraded to “Sector Perform” from “Outperform” with a current price target of $9.00 in an announcement from RBC Capital. Topeka Capital lowered the price target and downgraded the stock on February 25 changing the price target from $0.00 to $9.00 and changing the rating from “Buy” to “Hold”.
Equity analyst RBC Capital downgraded the stock and lowered the price target on February 25 changing the price objective from $0.00 to $9.00 and cutting the rating from “Outperform” to “Sector Perform”. Sidoti & Co. initiated coverage on RATE setting a rating of “Buy”.