Shares of Rocket Companies, Inc. (NYSE:RKT – Get Free Report) have received a consensus rating of “Reduce” from the thirteen analysts that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $10.02.
Several analysts have recently weighed in on RKT shares. Citigroup lifted their price target on shares of Rocket Companies from $10.00 to $11.00 and gave the company a “sell” rating in a research note on Wednesday, February 28th. UBS Group lifted their price target on shares of Rocket Companies from $8.50 to $10.00 and gave the company a “sell” rating in a research note on Monday, February 26th. Wedbush reissued a “neutral” rating and issued a $13.00 price objective on shares of Rocket Companies in a research note on Friday, February 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Rocket Companies in a research note on Wednesday, January 10th. They issued a “hold” rating and a $10.00 price objective for the company. Finally, Bank of America boosted their price objective on shares of Rocket Companies from $7.00 to $8.00 and gave the stock an “underperform” rating in a research note on Monday, March 18th.
View Our Latest Analysis on RKT
Institutional Investors Weigh In On Rocket Companies
Rocket Companies Price Performance
RKT stock opened at $11.69 on Wednesday. Rocket Companies has a 52 week low of $7.17 and a 52 week 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 fifty day simple moving average of $12.53 and a two-hundred day simple moving average of $11.23. The firm has a market capitalization of $23.21 billion, a P/E ratio of -73.06, a price-to-earnings-growth ratio of 9.35 and a beta of 2.42.
Rocket Companies (NYSE:RKT – Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported ($0.06) EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $762.44 million. During the same quarter in the previous year, the company posted ($0.12) earnings per share. The business’s revenue for the quarter was up 29.6% on a year-over-year basis. Analysts anticipate that Rocket Companies will post 0.24 earnings per share for the current fiscal year.
Rocket Companies Company Profile
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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