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Vetr's price objective indicates a potential upside of 7.92% from the stock's previous close. The firm owned 198,297 shares of the hosting company's stock after selling 2,590 shares during the period. Rackspace Hosting, Inc. The firm's 50-day moving average price is $20.25 and its 200-day moving average price is $24.06.

Rackspace Hosting, Inc. has a 12-month low of $15.05 and a 12-month high of $56.20. The stock has a market capitalization of $2.83 billion and a price-to-earnings ratio of 23.99.

On the company's financial health, Rackspace Hosting reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Feb 16, 2016. The hosting company reported $0.24 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.23 by $0.01. The business had revenue of $522.80 million for the quarter, compared to analysts' expectations of $521.53 million. The company's revenue for the quarter was up 10.7% on a year-over-year basis. Equities analysts predict that Rackspace Hosting, Inc. will post $0.96 earnings per share for the current year. First Trust Advisors LP raised its stake in Rackspace Hosting by 60.2% in the fourth quarter. Profund Advisors LLC now owns 59,364 shares of the hosting company's stock valued at $1,503,000 after buying an additional 17,798 shares in the last quarter. DIAM Co. Ltd. increased its stake in shares of Rackspace Hosting by 902.8% in the fourth quarter. The investment management firm now holds a total of 11,423,939 shares of Rackspace Hosting which is valued at $230.9 Million.Rackspace Hosting makes up approximately 7.59% of Blue Harbour Group's portfolio. Sirios Capital Management L P added RAX to its portfolio by purchasing 944,716 company shares during the Fourth Quarter which is valued at $19.1 Million. Finally, Russell Frank Co increased its stake in shares of Rackspace Hosting by 500.6% in the fourth quarter.

Several other brokerages also recently weighed in on RAX. RBC Capital reaffirmed a "buy" rating on shares of Rackspace Hosting in a report on Saturday, January 16th. Finally, Bank of America upgraded the shares of Rackspace to "Buy" rating in a November 2 note. Goldman Sachs decreased their price target on Rackspace Hosting from $24.00 to $21.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 17th. Cowen and Company reiterated a "buy" rating and issued a $36.00 price target (down previously from $52.00) on shares of Rackspace Hosting in a report on Wednesday, February 17th. Credit Agricole downgraded shares of Rackspace Hosting from an "underperform" rating to a "sell" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. 12 analysts polled by Zacks Research now have a mean target price of $27.083 on the stock.

Rackspace Hosting, Inc. 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.

Source: Cowen Group Inc. Has $4894000 Position in Rackspace Hosting, Inc. (RAX)