RBC Capital Markets Has Just Reaffirmed $121.00 Target Price Per Share on Red Hat Inc (NYSE:RHT) stock, While They’ve Also Reiterated Their Outperform Rating



September 21, 2017 – By Richard Conner

Investors sentiment decreased to 1.25 in Q2 2017. Its down 0.07, from 1.32 in 2017Q1. It fall, as 25 investors sold Red Hat Inc shares while 161 reduced holdings. 77 funds opened positions while 156 raised stakes. 157.87 million shares or 0.26% more from 157.46 million shares in 2017Q1 were reported.

Signature Financial Management Inc holds 2,663 shares or 0.08% of its portfolio. Harding Loevner Ltd Partnership reported 120 shares. Ftb Advsr Inc has 261 shares for 0% of their portfolio. Nationwide Fund Advsr owns 329,657 shares. Virtus Inv Advisers Incorporated holds 4,605 shares or 0.04% of its portfolio. Twin Capital Management invested 0.09% in Red Hat Inc (NYSE:RHT). Brown Advisory Incorporated reported 381,015 shares stake. Moreover, Bamco Incorporated has 0.04% invested in Red Hat Inc (NYSE:RHT) for 87,664 shares. Private Advisor accumulated 0.01% or 3,098 shares. 30 are owned by Nelson Van Denburg & Campbell Wealth Mngmt Group Limited Co. Wealthtrust owns 150 shares or 0.01% of their US portfolio. Proshare Advisors Ltd Company reported 19,999 shares. Carlson Capital Lp accumulated 400,309 shares. M&R Cap Mngmt Incorporated owns 2,950 shares or 0.07% of their US portfolio. The Illinois-based Guggenheim Cap Limited Liability Co has invested 0.21% in Red Hat Inc (NYSE:RHT).

Red Hat Inc (NYSE:RHT) Rating Reaffirmed

RBC Capital Markets now has a $121.00 PT on the $18.99 billion market cap company or 13.37 % upside potential. In a research report shared with investors on Wednesday morning, Red Hat Inc (NYSE:RHT) shares have had their Outperform Rating maintained by expert analysts at RBC Capital Markets.

Investors sentiment decreased to 1.25 in Q2 2017. Its down 0.07, from 1.32 in 2017Q1. It fall, as 25 investors sold Red Hat Inc shares while 161 reduced holdings. 77 funds opened positions while 156 raised stakes. 157.87 million shares or 0.26% more from 157.46 million shares in 2017Q1 were reported.

Signature Financial Management Inc holds 2,663 shares or 0.08% of its portfolio. Harding Loevner Ltd Partnership reported 120 shares. Ftb Advsr Inc has 261 shares for 0% of their portfolio. Nationwide Fund Advsr owns 329,657 shares. Virtus Inv Advisers Incorporated holds 4,605 shares or 0.04% of its portfolio. Twin Capital Management invested 0.09% in Red Hat Inc (NYSE:RHT). Brown Advisory Incorporated reported 381,015 shares stake. Moreover, Bamco Incorporated has 0.04% invested in Red Hat Inc (NYSE:RHT) for 87,664 shares. Private Advisor accumulated 0.01% or 3,098 shares. 30 are owned by Nelson Van Denburg & Campbell Wealth Mngmt Group Limited Co. Wealthtrust owns 150 shares or 0.01% of their US portfolio. Proshare Advisors Ltd Company reported 19,999 shares. Carlson Capital Lp accumulated 400,309 shares. M&R Cap Mngmt Incorporated owns 2,950 shares or 0.07% of their US portfolio. The Illinois-based Guggenheim Cap Limited Liability Co has invested 0.21% in Red Hat Inc (NYSE:RHT).

Red Hat Inc (NYSE:RHT) Ratings Coverage

Among 33 analysts covering Red Hat (NYSE:RHT), 24 have Buy rating, 0 Sell and 9 Hold. Therefore 73% are positive. Red Hat has $135.0 highest and $70 lowest target. $101.40’s average target is -5.22% below currents $106.99 stock price. Red Hat had 79 analyst reports since August 25, 2015 according to SRatingsIntel. The stock of Red Hat Inc (NYSE:RHT) earned “Buy” rating by Mizuho on Monday, September 21. RBC Capital Markets maintained it with “Buy” rating and $106.0 target in Friday, August 25 report. BTIG Research initiated the stock with “Buy” rating in Thursday, September 10 report. The firm has “Outperform” rating by Wells Fargo given on Wednesday, January 11. The rating was maintained by RBC Capital Markets on Wednesday, September 20 with “Outperform”. The stock of Red Hat Inc (NYSE:RHT) earned “Buy” rating by BTIG Research on Wednesday, June 21. The stock has “Buy” rating by Mizuho on Friday, December 18. BMO Capital Markets downgraded it to “Market Perform” rating and $75 target in Thursday, December 22 report. The stock of Red Hat Inc (NYSE:RHT) earned “Outperform” rating by RBC Capital Markets on Friday, December 18. The rating was maintained by BMO Capital Markets with “Hold” on Friday, September 15.

The stock decreased 0.14% or $0.15 during the last trading session, reaching $106.99. About shares traded. Red Hat Inc (NYSE:RHT) has risen 18.97% since September 21, 2016 and is uptrending. It has outperformed by 2.27% the S&P500.

Wall Street await Red Hat Inc (NYSE:RHT) to release earnings on September, 25 after the close. Analysts forecast EPS of $0.47, up exactly $0.10 or 27.03 % from 2014’s $0.37 EPS. The expected RHT’s profit could reach $83.42M giving the stock 56.91 P/E in the case that $0.47 earnings per share is reported. After posting $0.40 EPS for the previous quarter, Red Hat Inc’s analysts now forecast 17.50 % EPS growth.

Red Hat, Inc. provides open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, management, middleware, cloud, mobile and storage technologies. The company has market cap of $18.99 billion. Red Hat operates through three geographical divisions: the Americas, including the United States, Canada and Latin America; EMEA, including Europe, Middle East and Africa, and Asia Pacific. It has a 73.37 P/E ratio. The Company’s services and products include infrastructure-related offerings, application development-related and other technology offerings, and consulting, support and training services.

More notable recent Red Hat Inc (NYSE:RHT) news were published by: Nasdaq.com which released: “October 13th Options Now Available For Red Hat (RHT)” on August 31, 2017, also Businesswire.com with their article: “Nominations Open for 2018 Red Hat Innovation Awards” published on September 11, 2017, Seekingalpha.com published: “Barclays raises Red Hat price target” on September 18, 2017. More interesting news about Red Hat Inc (NYSE:RHT) were released by: Nasdaq.com and their article: “October 6th Options Now Available For Red Hat (RHT)” published on August 24, 2017 as well as Nasdaq.com‘s news article titled: “Red Hat Appoints Narendra Gupta As Chairman” with publication date: August 30, 2017.

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