Shares of Rocket Companies, Inc. (NYSE:RKT – Get Free Report) have received an average rating of “Reduce” from the thirteen analysts that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $10.02.
A number of research firms have weighed in on RKT. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.50 target price (up previously from $8.50) on shares of Rocket Companies in a research note on Thursday, January 4th. Wells Fargo & Company decreased their target price on shares of Rocket Companies from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, February 23rd. Bank of America boosted their target price 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. 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 on the stock. Finally, Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $10.75 price objective on shares of Rocket Companies in a research note on Wednesday, January 3rd.
Check Out Our Latest Research Report on Rocket Companies
Hedge Funds Weigh In On Rocket Companies
Rocket Companies Stock Performance
Shares of NYSE:RKT opened at $11.69 on Wednesday. The company’s 50 day simple moving average is $12.53 and its 200 day simple moving average is $11.23. The stock has a market capitalization of $23.21 billion, a price-to-earnings ratio of -73.06, a price-to-earnings-growth ratio of 9.35 and a beta of 2.42. The company has a debt-to-equity ratio of 0.92, a current ratio of 9.78 and a quick ratio of 9.78. Rocket Companies has a 1 year low of $7.17 and a 1 year high of $15.19.
Rocket Companies (NYSE:RKT – Get Free Report) last posted its earnings results on Thursday, February 22nd. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The company had revenue of $885.00 million for the quarter, compared to the consensus estimate of $762.44 million. Rocket Companies had a negative return on equity of 3.63% and a negative net margin of 0.41%. The business’s quarterly revenue was up 29.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.12) EPS. As a group, research analysts predict that Rocket Companies will post 0.24 EPS for the current fiscal 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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