Jefferies Group reissued their positive rating on shares of Red Hat (NYSE:RHT) in a research report sent to investors on Friday morning, AnalystRatingsNetwork.com reports.
Jefferies Group has also taken action a number of other information technology stocks recently. The firm raised their EPS estimates on shares of TIBCO Software Inc.. They now have a buy rating and a $29.00 price target on that stock. They previously had issued a $26.00 price target. Also, Jefferies Group reiterated its hold rating on shares of Oracle Corp.. They have a $34.00 price target on that stock.
A number of other analysts have also recently weighed in on RHT. Analysts at JPMorgan Chase & Co. cut their price target on shares of Red Hat (NYSE:RHT) from $43.00 to $39.00 in a research note to investors on Monday, July 22nd. They now have an underweight rating on the stock. Separately, analysts at TheStreet reiterated a buy rating on shares of Red Hat (NYSE:RHT) in a research note to investors on Friday, July 19th. Finally, analysts at TheStreet reiterated a buy rating on shares of Red Hat (NYSE:RHT) in a research note to investors on Tuesday, July 9th.
One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $55.60.
Shares of Red Hat (NYSE:RHT) opened at 52.93 on Friday. Red Hat has a 52 week low of $44.92 and a 52 week high of $57.30. The stock’s 50-day moving average is $51.98 and its 200-day moving average is $49.94. The company has a market cap of $10.020 billion and a P/E ratio of 67.00.
Red Hat, Inc (NYSE:RHT) is engaged in providing open source software solutions to the enterprise, including its Red Hat Enterprise Linux and JBoss Enterprise Middleware.
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