Red Hat Inc (NYSE:RHT) target price raised to $80.00, released a ratings update earlier today by Vetr Inc.
- Updated: January 11, 2017
Vetr Inc. bumped up the target of Red Hat Inc (NYSE:RHT) to $80.00 stating a potential upside of 0.11%.
On 01/10/2017, Vetr Inc. released a statement for Red Hat Inc (NYSE:RHT) bumped up the target price from $0.00 to $81.50 that suggested an upside of 0.13%.
Boasting a price of $72.00, Red Hat Inc (NYSE:RHT) traded 0.93% higher on the day. With the last stock price close down -4.20% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.05% over the date range. Red Hat Inc has recorded a 50-day average of $76.02 and a two hundred day average of $75.50. Volume of trade was up over the average, with 1,710,433 shares of RHT changing hands over the typical 1,703,840
With a total market value of $0, Red Hat Inc has price-earnings ratio of 55.21 with a one year low of $59.59 and a one year high of $82.73 .
A total of 30 equity analysts have released a ratings update on RHT. 8 brokers rating the stock a strong buy, 18 brokers rating the stock a buy, 4 analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts 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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