Red Hat, Inc. (RHT) Forms $125.21 Double Top; East West Bancorp (EWBC) Has 1.18 Sentiment

Red Hat, Inc. (RHT) formed double top with $133.97 target or 7.00% above today’s $125.21 share price. Red Hat, Inc. (RHT) has $22.16B valuation. The stock increased 0.86% or $1.07 during the last trading session, reaching $125.21. About 1.40M shares traded. Red Hat, Inc. (NYSE:RHT) has risen 18.97% since January 9, 2017 and is uptrending. It has outperformed by 2.27% the S&P500.

East West Bancorp, Inc. operates as the holding firm for East West Bank that provides a range of personal and commercial banking services to small and medium-sized businesses, business executives, professionals, and other individuals. The company has market cap of $9.03 billion. The firm operates through three divisions: Retail Banking, Commercial Banking, and Other. It has a 17.16 P/E ratio. It offers various deposit products comprising personal and business checking and savings accounts, time deposits and individual retirement accounts, travelersÂ’ checks, safe deposit boxes, and MasterCard and Visa merchant deposit services.

Among 34 analysts covering Red Hat (NYSE:RHT), 25 have Buy rating, 1 Sell and 8 Hold. Therefore 74% are positive. Red Hat had 111 analyst reports since August 25, 2015 according to SRatingsIntel. The stock of Red Hat, Inc. (NYSE:RHT) earned “Buy” rating by Oppenheimer on Wednesday, June 21. The rating was maintained by RBC Capital Markets on Wednesday, September 20 with “Outperform”. As per Thursday, October 26, the company rating was maintained by Jefferies. The stock has “Buy” rating by Cowen & Co on Monday, December 11. KeyBanc Capital Markets reinitiated the stock with “Overweight” rating in Friday, September 8 report. The rating was maintained by Robert W. Baird on Wednesday, June 21 with “Neutral”. Credit Suisse maintained Red Hat, Inc. (NYSE:RHT) on Tuesday, September 26 with “Neutral” rating. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, June 21. The rating was maintained by RBC Capital Markets on Sunday, October 22 with “Buy”. The rating was maintained by Citigroup on Thursday, September 22 with “Buy”.

Investors sentiment decreased to 1.23 in Q3 2017. Its down 0.02, from 1.25 in 2017Q2. It dropped, as 43 investors sold Red Hat, Inc. shares while 154 reduced holdings. 65 funds opened positions while 177 raised stakes. 157.62 million shares or 0.16% less from 157.87 million shares in 2017Q2 were reported. Jericho Asset Management L P, New York-based fund reported 1.68M shares. Ct Mason reported 39,460 shares stake. Oppenheimer Asset Management holds 0.02% or 6,414 shares. Bright Rock Capital Limited Liability has invested 0.83% in Red Hat, Inc. (NYSE:RHT). Citigroup, New York-based fund reported 94,533 shares. Kentucky Retirement Systems Insurance Tru Fund, a Kentucky-based fund reported 4,701 shares. Fairfield Bush And reported 0.17% in Red Hat, Inc. (NYSE:RHT). Balyasny Asset Mgmt Limited Liability Corp invested 0% in Red Hat, Inc. (NYSE:RHT). Eads Heald Investment Counsel has 0.53% invested in Red Hat, Inc. (NYSE:RHT). Sheets Smith Wealth Management invested 0.08% in Red Hat, Inc. (NYSE:RHT). Zweig reported 4,200 shares. Teacher Retirement Systems Of Texas accumulated 0.02% or 36,452 shares. Zacks Investment has invested 0.03% of its portfolio in Red Hat, Inc. (NYSE:RHT). Amp Cap Investors Ltd reported 86,648 shares stake. Royal National Bank & Trust Of Canada has 651,351 shares.

Analysts await East West Bancorp, Inc. (NASDAQ:EWBC) to report earnings on January, 24. They expect $0.91 earnings per share, up 19.74% or $0.15 from last year’s $0.76 per share. EWBC’s profit will be $131.53M for 17.16 P/E if the $0.91 EPS becomes a reality. After $0.89 actual earnings per share reported by East West Bancorp, Inc. for the previous quarter, Wall Street now forecasts 2.25% EPS growth.

Hahn Capital Management Llc holds 3.46% of its portfolio in East West Bancorp, Inc. for 586,083 shares. First Wilshire Securities Management Inc owns 194,661 shares or 3.3% of their US portfolio. Moreover, Community Financial Services Group Llc has 3.04% invested in the company for 124,294 shares. The Wisconsin-based Marietta Investment Partners Llc has invested 1.75% in the stock. Evercore Wealth Management Llc, a New York-based fund reported 685,938 shares.