Rackspace Hosting Inc (NYSE:RAX) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.25 by 16 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 8 Brokerage Firms have advised hold. A sell rating was given by 1 analyst. Rackspace Hosting Inc (NYSE:RAX) : On Tuesday heightened volatility was witnessed in Rackspace Hosting Inc (NYSE:RAX) which led to swings in the share price. The stock opened for trading at $20.2 and hit $20.82 on the upside , eventually ending the session at $20.58, with a gain of 1.13% or 0.23 points. The heightened volatility saw the trading volume jump to 1,412,486 shares. The 52-week high of the share price is $56.2 and the company has a market cap of $2,696 million. The 52-week low of the share price is at $15.05 .
Rackspace Hosting Inc (NYSE:RAX) stock has received a short term price target of $ 27.08 from 12 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $7.83. The higher estimate of target price is $45 , while the lower price target estimate is $17
Many analysts have stated their opinion on the company shares. Equity Analysts at the Barclays downgrades the rating on Rackspace Hosting Inc (NYSE:RAX). The brokerage firm has issued a Equal-weight rating on the shares. The shares were previously rated Overweight. The Analysts at the ratings agency lowers the price target from $35 per share to $21 per share. The rating by the firm was issued on February 17, 2016.
The company shares have dropped 60.55% in the past 52 Weeks. On April 27, 2015 The shares registered one year high of $56.2 and one year low was seen on February 17, 2016 at $15.05. The 50-day moving average is $20.19 and the 200 day moving average is recorded at $24.13. S&P 500 has rallied 1.49% during the last 52-weeks. Investors should note that the Company has disclosed insider buying and selling activities to the Securities Exchange, The officer (President & CEO), of Rackspace Hosting, Inc., Rhodes Taylor had unloaded 14,325 shares at $20.24 per share in a transaction on January 14, 2016. The total value of transaction was $289,938. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Rackspace Hosting, Inc. (Rackspace) operates in the managed cloud segment of the business information technology (IT) market. The Company offers a portfolio of integrated IT solutions for common business needs, including for e-commerce, Web content management, Website hosting, data services, office mail and collaboration, and private clouds. It also offers advisory services for technology strategy, security and compliance, application assessment and migration, and DevOps automation. The Company also offers its solutions across a variety of IT form factors, including multi-tenant public cloud, dedicated single-tenant servers, private cloud, and hybrid cloud. It also delivers managed services, and Fanatical Support across its entire product portfolio. The Company sells its services to business customers in more than 120 countries. The Company has operations located across the United States, as well as in London, Amsterdam, Zurich, Hong Kong, Sydney and Mexico City.