Headlines about Red Hat (NYSE:RHT) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Red Hat earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned media stories about the open-source software company an impact score of 46.3436673536533 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
A number of research analysts have recently commented on RHT shares. Citigroup reissued a “buy” rating and set a $148.00 target price on shares of Red Hat in a research report on Wednesday, December 13th. Barclays reissued a “buy” rating and set a $145.00 target price on shares of Red Hat in a research report on Wednesday, December 13th. Mizuho boosted their target price on shares of Red Hat from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Cowen reissued a “buy” rating and set a $136.00 target price on shares of Red Hat in a research report on Monday, December 11th. Finally, Zacks Investment Research raised shares of Red Hat from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the company. Red Hat has a consensus rating of “Buy” and a consensus target price of $127.94.
Red Hat (NYSE:RHT) traded up $3.17 during mid-day trading on Tuesday, reaching $155.28. 1,658,015 shares of the company’s stock traded hands, compared to its average volume of 1,704,987. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.53. Red Hat has a 12-month low of $81.06 and a 12-month high of $157.22. The company has a market capitalization of $27,288.75, a price-to-earnings ratio of 84.85, a price-to-earnings-growth ratio of 4.09 and a beta of 1.06.
Red Hat (NYSE:RHT) last released its earnings results on Tuesday, December 19th. The open-source software company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.03. Red Hat had a net margin of 12.14% and a return on equity of 26.23%. The firm had revenue of $747.98 million during the quarter, compared to analyst estimates of $734.69 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The firm’s revenue for the quarter was up 21.6% compared to the same quarter last year. equities research analysts predict that Red Hat will post 2.08 earnings per share for the current fiscal year.
In other Red Hat news, Director William S. Kaiser sold 7,700 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $130.00, for a total transaction of $1,001,000.00. Following the completion of the sale, the director now owns 61,652 shares in the company, valued at $8,014,760. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO James M. Whitehurst sold 5,593 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $124.87, for a total transaction of $698,397.91. Following the sale, the chief executive officer now owns 373,506 shares of the company’s stock, valued at approximately $46,639,694.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,686 shares of company stock valued at $1,873,342. 0.66% of the stock is owned by insiders.
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Red Hat Company Profile
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.
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