Shares of Rocket Companies, Inc. (NYSE:RKT – Get Free Report) have been given a consensus rating of “Reduce” by the twelve analysts that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $13.73.
A number of analysts have issued reports on the company. Wedbush raised their price target on Rocket Companies from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. increased their price objective on shares of Rocket Companies from $13.50 to $15.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Royal Bank of Canada boosted their target price on shares of Rocket Companies from $16.00 to $20.00 and gave the company a “sector perform” rating in a report on Wednesday, September 11th. Bank of America upped their price target on shares of Rocket Companies from $12.00 to $14.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. Finally, UBS Group lifted their price target on shares of Rocket Companies from $11.50 to $14.00 and gave the company a “sell” rating in a report on Monday.
Check Out Our Latest Research Report on Rocket Companies
Institutional Trading of Rocket Companies
Rocket Companies Stock Performance
Shares of NYSE RKT opened at $20.37 on Friday. The company has a 50-day simple moving average of $17.62 and a 200-day simple moving average of $14.91. The company has a debt-to-equity ratio of 1.27, a current ratio of 13.18 and a quick ratio of 13.18. The company has a market cap of $40.50 billion, a PE ratio of 185.18 and a beta of 2.45. Rocket Companies has a 12 month low of $7.17 and a 12 month high of $21.28.
Rocket Companies (NYSE:RKT – Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. Rocket Companies had a net margin of 0.29% and a return on equity of 0.90%. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the company earned ($0.05) EPS. Rocket Companies’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, equities analysts anticipate that Rocket Companies will post 0.22 earnings per share for the current 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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