Red Hat, Inc. (NYSE:RHT) company shares are recently being watched closely by Wall Street professionals and certain individuals that give personal stock ratings (crowd). Although company fundamentals are important when predicting future stock price movement, investors may also want to examine crowd opinions regarding certain stocks. One popular crowd sourced ratings provider is Beta Research. This provider allows analysts, bloggers, and other retail investors to give their predictions on individual stocks. These ratings come from the individuals who have done their own research on the stock. Unlike traditional research firms, these individuals are not usually linked to a large broker. These crowd ratings use open records and scorecards which provide transparency to the rating process. These crowd sourced ratings can help investors see the wider spectrum of stock sentiment. Red Hat, Inc. (NYSE:RHT) shares have a current average rating of 4. This number is based on a scale where a 1 would indicate a Strong Sell, and a 5 would indicate a Strong Buy. The total number of active ratings is 4. Out of these ratings, 1 have given a Strong Buy rating while 2 peg the stock as a Moderate Buy.
When researching stocks, investors will also take into account the opinions of professional Wall Street analysts. Zacks Research has provided rankings and predictive data based on extensive data compiled from research brokers. Polled analysts see the stock hitting between $75 to $97 within the next 52 weeks. These numbers show the low and high end of the consensus data provided by Zacks Research. Currently, the consensus price target is at $86.941. Zacks also provides recommendations from a number of selected brokers. Zacks translates these recommendations into a number scale that is opposite that of the Closing Bell ratings scale. Using the Zacks scale, a 1 indicates a Strong Buy and a 5 would indicate a Strong Sell. Based on 17 ratings used, Red Hat, Inc. (NYSE:RHT) has an ABR, or Average Broker Rating, of 1.5.
Let’s also take a look at some company earnings information. The company is scheduled to have its next earnings report on or around 2016-03-23. Wall Street analysts are looking for the company to post current quarter earnings per share of $0.31. The company most recently posted actual earnings of $0.31 for the period ending 2015-11-30.