Bankrate, Inc. Common Stock (NYSE:RATE):
65% of Americans are Limiting Their Monthly Spending.
The company is now up from yesterday’s close of $7.7.
Company shares last traded at $7.80 marginally under $7.99, the 50 day moving average and just 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 was down $-0.43.
In the latest earnings report the EPS was $-0.64 and is expected to be $0.54 for the current year with 88,968,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.18 and the next full year EPS is anticipated to be $0.64.
A few brokerages have provided guidance on RATE recently. On February 26 the company was changed to a “Neutral” according to a Goldman Sachs report which is up from the previous “Sell” rating. On February 25 the stock rating was downgraded to “Hold” from “Buy” with a current price target of $9.00 in an announcement from Topeka Capital.
On February 25 the company was downgraded from “Outperform” to “Sector Perform” and a price target of $9.00 was set in a report issued by RBC Capital. Equity analyst Topeka Capital downgraded the stock and lowered the price target on February 25 changing the price target from $0.00 to $9.00 and altering the rating from “Buy” to “Hold”.
RBC Capital both 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. initiated coverage on RATE with an initial rating of “Buy”.