Rocket Companies, Inc. (NYSE:RKT – Get Free Report) has been given an average rating of “Reduce” by the thirteen research firms that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $10.02.
Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $10.75 price target on shares of Rocket Companies in a research report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Rocket Companies in a research report on Wednesday, January 10th. They issued a “hold” rating and a $10.00 price target on the stock. UBS Group boosted their price objective 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. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.50 price objective (up previously from $8.50) on shares of Rocket Companies in a research note on Thursday, January 4th. Finally, Bank of America boosted their price objective on shares of Rocket Companies from $7.00 to $8.00 and gave the company an “underperform” rating in a research note on Monday, March 18th.
Check Out Our Latest Research Report on Rocket Companies
Hedge Funds Weigh In On Rocket Companies
Rocket Companies Stock Performance
Shares of RKT stock opened at $11.43 on Wednesday. The firm’s 50-day simple moving average is $12.53 and its two-hundred day simple moving average is $11.20. Rocket Companies has a 52 week low of $7.17 and a 52 week high of $15.19. The company has a debt-to-equity ratio of 0.92, a quick ratio of 9.78 and a current ratio of 9.78. The firm has a market cap of $22.70 billion, a price-to-earnings ratio of -71.44, a P/E/G ratio of 10.28 and a beta of 2.41.
Rocket Companies (NYSE:RKT – Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.06) earnings per share (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 business had revenue of $885.00 million during the quarter, compared to the consensus estimate of $762.44 million. During the same period last year, the firm earned ($0.12) EPS. The business’s revenue for the quarter was up 29.6% on a year-over-year basis. As a group, equities analysts forecast that Rocket Companies will post 0.24 earnings per share 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.
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