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Red Hat Inc (NYSE:RHT) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.

Displaying a price of $79.11, Red Hat Inc (NYSE:RHT) traded 1.83% higher on the day. With the last stock close price up 8.17% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. RHT has recorded a 50-day moving average of $74.71 and a 200-day moving average of $74.48. 2,186,265 shares of the stock were exchanged, up from an average trading volume of 1,609,100

Zacks Investment Research has downgraded Red Hat Inc (NYSE:RHT) to Hold in a statement released on 9/29/2016.

On 9/28/2016, Zacks Investment Research released a statement for Red Hat Inc (NYSE:RHT) bumped up the target price from $0.00 to $89.00 that suggested an upside of 0.13%.

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Red Hat Inc (NYSE:RHT)

Red Hat Inc has a one year low of $59.59 and a one year high of $84.44 with a PE ratio of 67.75 Red Hat Inc’s market capitalization is presently $0.

A total of 30 brokerages have issued a ratings update on Red Hat Inc. Eight brokerages rating the company a strong buy, eighteen brokerages rating the company a buy, four brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $88.13.

General Company Details For Red Hat Inc (NYSE:RHT)

Red Hat, Inc. (Red Hat) provides open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, management, middleware, cloud, mobile and storage technologies. Red Hat operates through three geographical segments: the Americas, including the United States, Canada and Latin America; EMEA, including Europe, Middle East and Africa, and Asia Pacific. Its products and services include infrastructure-related offerings, application development-related and other technology offerings, and consulting, support and training services. Its infrastructure-related offerings include Red Hat Enterprise Linux, Red Hat Satellite and Red Hat Enterprise Virtualization. Its application development-related and other technology offerings include Red Hat JBoss Middleware, Red Hat cloud offerings, Red Hat Mobile and Red Hat Storage. Its consulting services include upgrade planning, platform migrations, solution integration and application development.

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