Shares of Rocket Companies, Inc. (NYSE:RKT – Get Free Report) have been assigned an average recommendation of “Reduce” from the eleven analysts that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $14.89.
A number of research firms have commented on RKT. Royal Bank of Canada raised their price objective on Rocket Companies from $16.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 11th. Barclays raised their price target on Rocket Companies from $10.00 to $14.00 and gave the stock an “underweight” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on Rocket Companies from $15.00 to $19.00 and gave the company an “underweight” rating in a research note on Monday. Wedbush increased their price objective on shares of Rocket Companies from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. Finally, UBS Group boosted their target price on shares of Rocket Companies from $11.50 to $14.00 and gave the company a “sell” rating in a research report on Monday, September 16th.
Check Out Our Latest Analysis on RKT
Hedge Funds Weigh In On Rocket Companies
Rocket Companies Stock Up 0.3 %
Rocket Companies stock opened at $17.56 on Wednesday. The company’s 50-day moving average price is $18.89 and its two-hundred day moving average price is $15.58. The company has a quick ratio of 13.18, a current ratio of 13.18 and a debt-to-equity ratio of 1.27. The stock has a market cap of $34.92 billion, a P/E ratio of 159.64 and a beta of 2.44. Rocket Companies has a twelve month low of $7.17 and a twelve month high of $21.38.
Rocket Companies (NYSE:RKT – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Rocket Companies had a return on equity of 0.90% and a net margin of 0.29%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the firm posted ($0.05) EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, analysts expect that Rocket Companies will post 0.22 EPS for the current 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.
Read More
- Five stocks we like better than Rocket Companies
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- NVIDIA’s AI Dominance: Why Analysts Predict Major Upside Ahead
- Stock Sentiment Analysis: How it Works
- These Stocks Are Using Buybacks to Unlock Big Gains for Investors
- Following Congress Stock Trades
- This Is the Entry Into PepsiCo You’ve Been Waiting For
Receive News & Ratings for Rocket Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocket Companies and related companies with MarketBeat.com's FREE daily email newsletter.