Red Hat (RHT) Earning Somewhat Positive News Coverage, Analysis Finds
News articles about Red Hat (NYSE:RHT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive 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 headlines about the open-source software company an impact score of 46.9165011025435 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Red Hat Inc (RHT) EVP Delisa Alexander Sells 1,393 Shares (americanbankingnews.com)
- Red Hat Inc (RHT) CEO James M. Whitehurst Sells 5,593 Shares (americanbankingnews.com)
- The Secret Winners from Amazon's Second Headquarters Shortlist (finance.yahoo.com)
- Red Hat, Inc. (RHT) – Investors Roundup – Wall Street Morning (wallstreetmorning.com)
- Analysts’ Recommendation in Spotlight – Red Hat Inc (NYSE: RHT) – Alpha Beta Stock (alphabetastock.com)
Shares of Red Hat (RHT) traded down $1.13 during mid-day trading on Thursday, hitting $125.47. 1,431,813 shares of the company traded hands, compared to its average volume of 1,850,000. The company has a market cap of $22,200.00, a P/E ratio of 68.19, a price-to-earnings-growth ratio of 3.80 and a beta of 1.19. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.53. Red Hat has a 1-year low of $72.78 and a 1-year high of $130.93.
RHT has been the topic of several recent analyst reports. Robert W. Baird restated a “hold” rating on shares of Red Hat in a research note on Tuesday, September 26th. BTIG Research restated a “buy” rating and set a $120.00 price objective on shares of Red Hat in a research note on Wednesday, September 27th. BMO Capital Markets restated a “market perform” rating and set a $128.00 price objective (up from $107.00) on shares of Red Hat in a research note on Tuesday, September 26th. JPMorgan Chase & Co. restated an “overweight” rating and set a $117.00 price objective (up from $110.00) on shares of Red Hat in a research note on Tuesday, September 26th. Finally, Barclays boosted their price objective on shares of Red Hat from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $124.25.
In other Red Hat news, EVP Delisa Alexander sold 1,393 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $124.87, for a total value of $173,943.91. Following the completion of the sale, the executive vice president now owns 36,420 shares of the company’s stock, valued at approximately $4,547,765.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James M. Whitehurst sold 5,593 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $124.87, for a total transaction of $698,397.91. Following the completion of the sale, the chief executive officer now directly 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. Insiders own 0.66% of the company’s stock.
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About Red Hat
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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