Bankrate, Inc. Common Stock (NYSE:RATE):
Bankrate Schedules Conference Call Announcing Third Quarter 2016 Earnings.
The company is up from yesterday’s close of $7.7.
The stock last traded at $7.80 a tad below $7.99, the 50 day moving average and just below the 200 day moving average of $8.23. The 50 day moving average was down $-0.19 and the 200 day average went down by -5.27%.
In the last earnings report the EPS was $-0.64 and is projected to be $0.54 for the current year with 88,968,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.18 with next year’s EPS projected to be $0.64.
Several brokerages have released opinions on the stock. On February 26, 2016 the stock rating was changed to a “Neutral” according to a Goldman Sachs report up 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 a report from 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 setting the rating at “Hold” which had previously been “Buy”.
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 altering the rating from “Outperform” to “Sector Perform”. On February 8, 2016 Sidoti & Co. starting coverage on the stock giving it an initial rating of “Buy”.