Rocket Companies, Inc. (NYSE:RKT – Get Free Report) has earned an average recommendation of “Reduce” from the thirteen brokerages that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $10.02.
RKT has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $10.75 price objective on shares of Rocket Companies in a research note on Wednesday, January 3rd. Bank of America lifted their target price on shares of Rocket Companies from $7.00 to $8.00 and gave the company an “underperform” rating in a report on Monday, March 18th. UBS Group boosted their price objective on shares of Rocket Companies from $8.50 to $10.00 and gave the stock a “sell” rating in a report on Monday, February 26th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $10.50 price objective (up from $8.50) on shares of Rocket Companies in a research report on Thursday, January 4th. Finally, Wells Fargo & Company lowered their price objective on Rocket Companies from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, February 23rd.
View Our Latest Research Report on RKT
Institutional Investors Weigh In On Rocket Companies
Rocket Companies Trading Up 1.3 %
NYSE RKT opened at $11.68 on Wednesday. The stock’s 50-day simple moving average is $12.53 and its two-hundred day simple moving average is $11.28. Rocket Companies has a twelve month low of $7.17 and a twelve month high of $15.19. The company has a quick ratio of 9.78, a current ratio of 9.78 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $23.19 billion, a price-to-earnings ratio of -73.00, a PEG ratio of 9.60 and a beta of 2.42.
Rocket Companies (NYSE:RKT – Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Rocket Companies had a negative net margin of 0.41% and a negative return on equity of 3.63%. The firm had revenue of $885.00 million for the quarter, compared to analysts’ expectations of $762.44 million. During the same quarter in the previous year, the business earned ($0.12) EPS. The company’s revenue for the quarter was up 29.6% on a year-over-year basis. Research analysts forecast that Rocket Companies will post 0.24 EPS for the current fiscal year.
About Rocket Companies
Rocket Companies, Inc, a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.
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