Stock To Watch: Rackspace Hosting, Inc (NYSE:RAX)


The leading market experts have placed a mean price target of $28.80 on Rackspace Hosting, Inc (NYSE:RAX) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.22 a share for the upcoming quarter and $1.07 for the current fiscal.

Technical View

The technical analysis of Rackspace Hosting, Inc Common S plainly substantiates that the 50-day moving average of Rackspace Hosting, Inc Common S is $23.56, and stock is trading $5.69 points away or +24.18% from its 50-day moving average of $23.56. Further it is trading $6.80 or +30.29% away its 200-day moving average of $22.45. Rackspace Hosting, Inc (NYSE:RAX) 52-week high is $32.14 and the 52-week low is $15.05.

This explains if the stock moves $-2.89, it will post a 52-week high. In event of +94.35% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Rackspace Hosting, Inc Common S, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Rackspace Hosting, Inc (NYSE:RAX) ratio came in at 25.75.

The stock last ended the trading session at $29.25 and registered a market cap of $3.68B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Rackspace Hosting, Inc (NYSE:RAX) PEG ratio is at 1.62.

1 Chart Pattern Every Investor Should Know

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