Full Answer
How much is RKT stock worth?
One share of RKT stock can currently be purchased for approximately $12.26. How much money does Rocket Companies make? Rocket Companies has a market capitalization of $24.32 billion and generates $15.74 billion in revenue each year.
Is the RKT dropping?
A broad market exodus out of stocks is taking place, it's not just RKT that is dropping. Double Upgrade by JPM! Double Upgrade but drop price target from 17.50 down to 15?
How many shares of RKT will I get after the split?
An investor that had 100 shares of Rocket Companies stock prior to the split would have 200 shares after the split. What price target have analysts set for RKT? 13 brokers have issued 1 year price targets for Rocket Companies' shares.
When will RKT stock pay a dividend in 2021?
Those on record as of March 9, 2021, will get a dividend of $1.11 per share. This dividend is payable on March 23, 2021. The positive earnings news is pushing interest in RKT stock higher today.
Is RKT stock a good buy?
The financial health and growth prospects of RKT, demonstrate its potential to outperform the market. It currently has a Growth Score of A. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of F.
Is RKT overvalued?
Price to Book Ratio PB vs Industry: RKT is overvalued based on its Price-To-Book Ratio (1.4x) compared to the US Mortgage industry average (0.9x).
Is RKT stock a buy or sell?
What is Rocket Companies's consensus rating and price target? According to the issued ratings of 14 analysts in the last year, the consensus rating for Rocket Companies stock is Hold based on the current 1 sell rating, 11 hold ratings and 2 buy ratings for RKT.
Does RKT pay a dividend?
Yes, RKT has paid a dividend within the past 12 months. What is ROCKET COMPANIES's Dividend Payment Date? ROCKET COMPANIES's last dividend payment date was on 2022-03-22, when ROCKET COMPANIES shareholders who owned RKT shares before 2022-03-07 received a dividend payment of $1.0100 per share.
Is RKT being shorted?
RKT short interest is $1.21 billion; 49.70 million shares shorted; 45.83% SI % Float; 31.42% S3 SI % Float (which includes synthetic longs along with Float); 29.3% stock borrow fee on existing shorts and new shorts are paying over 75% fee.
Is Rocket mortgage undervalued?
Rocket Companies holds a recent Real Value of $24.6 per share. The prevailing price of the company is $9.47. At this time, the company appears to be undervalued....USD 9.47 0.27 2.93%LowTarget PriceHigh56.0070.5084.00
What is the target price for RKT?
Rocket Companies Inc (NYSE:RKT) The 14 analysts offering 12-month price forecasts for Rocket Companies Inc have a median target of 9.00, with a high estimate of 12.00 and a low estimate of 7.00. The median estimate represents a +5.39% increase from the last price of 8.54.
What is RKT short interest?
Short Percent of Float 28.40% Today's Trading Volume 106,625 shares. Average Trading Volume 5,095,174 shares.
Is Rocket Lab a buy Zacks?
- Sell. Zacks' proprietary data indicates that Rocket Lab USA, Inc. is currently rated as a Zacks Rank 4 and we are expecting a below average return from the RKLB shares relative to the market in the next few months.
What is RKT ex-dividend date?
Rocket Companies's previous ex-dividend date was on Mar 06, 2022. Rocket Companies shareholders who own RKT stock before this date received Rocket Companies's last dividend payment of $1.01 per share on Mar 21, 2022. Apple's next ex-dividend date has not been announced yet.
Which stock has the highest dividend?
Highest current dividend yieldsCompanyTickerCurrent dividend yieldVornado Realty TrustVNO, -5.40%6.25%ONEOK Inc.OKE, -6.63%5.87%Kinder Morgan Inc. Class PKMI, -5.11%5.80%AT&T Inc.T-US5.25%12 more rows•May 25, 2022
Why do companies pay special dividends?
Special dividends are usually declared after exceptionally strong company earnings results as a way to distribute the profits directly to shareholders. Special dividends can also occur when a company wishes to make changes to its financial structure or spin off a subsidiary company to its shareholders.
Should I buy or sell Rocket Companies stock right now?
13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last twelve months. There are c...
What is Rocket Companies' stock price forecast for 2022?
13 brokers have issued 12-month price objectives for Rocket Companies' shares. Their forecasts range from $7.00 to $18.00. On average, they anticip...
How has Rocket Companies' stock performed in 2022?
Rocket Companies' stock was trading at $14.00 at the beginning of the year. Since then, RKT shares have decreased by 43.6% and is now trading at $7...
When is Rocket Companies' next earnings date?
Rocket Companies is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022. View our earnings forecast for Ro...
How were Rocket Companies' earnings last quarter?
Rocket Companies, Inc. (NYSE:RKT) issued its quarterly earnings results on Tuesday, May, 10th. The company reported $0.12 EPS for the quarter, miss...
How often does Rocket Companies pay dividends? What is the dividend yield for Rocket Companies?
Rocket Companies declared a dividend on Thursday, February 24th. Investors of record on Tuesday, March 8th will be paid a dividend of $1.01 per sha...
When did Rocket Companies' stock split? How did Rocket Companies' stock split work?
Rocket Companies's stock split on the morning of Thursday, August 28th 2014. The 2-1 split was announced on Monday, July 28th 2014. The newly issue...
Who are Rocket Companies' key executives?
Rocket Companies' management team includes the following people: Mr. Daniel B. Gilbert , Founder & Chairman (Age 60) Mr. Jay D. Farner , Vice C...
Who are some of Rocket Companies' key competitors?
Some companies that are related to Rocket Companies include PennyMac Financial Services (PFSI) , Guild (GHLD) , Home Point Capital (HMPT) , UWM...
The one-year underlying earnings growth at Rocket Companies (NYSE:RKT) is promising, but the shareholders are still in the red over that time
The simplest way to benefit from a rising market is to buy an index fund. When you buy individual stocks, you can make...
Rocket Companies stock drops toward record low after BofA analyst turns bearish
Shares of Rocket Companies Inc. sank 7.3% toward a record low in midday trading Tuesday, after BofA Securities turned bearish on the mortgage financing company, citing concerns over the impact of a rising rate environment. Analyst Mihir Bhatia downgraded the stock to underperform from neutral and slashed the price target to $11 from $21.
Housing: Where prices to buy or rent a home are rising the fastest
Realtor.com Chief Economist Danielle Hale joins Yahoo Finance Live to discuss the latest national home pricing index data, inflation in renting prices for both landlords and renters, mortgage rents in the pandemic, and compares metro area costs for homebuyers.
How much does RKT cost?
According to the estimates compiled by CNN Business, RKT has a median target price of $24, which is a premium of 5.5 percent over the current prices. Its highest and lowest target prices are $33 and $18, respectively.
Is Rocket a mortgage lender?
Rocket Companies is predominantly a mortgage lender and also offers mortgage refinancing. The refinancing market was strong in 2020 due to the steep fall in interest rates. In 2021, the yields on bonds have gone up, which is also reflecting in mortgage rates.
Is Rocket a fintech company?
It's worth noting that while Rocket Companies is a mortgage lender , it's also a fintech company. However, it doesn't have the asset-light business model like many other fintech companies that command high valuation multiples. RKT trades at an NTM PE multiple of 9.1x.
Difficult Guidance
On top of these major trends, the company guided for lower margins and activity for Q2. For example, Rocket indicated that its GOS margins would dip to 2.65% to 2.95% down from 3.74% in Q1. This was also significantly lower than the 2020 average GOS margins of 4.46%, as I pointed out in my last article.
Where This Leaves RKT Stock
This is not going to lead to good things for RKT stock. Even though the stock is cheap now at 7.6 times earnings, the price-to-earnings (P/E) ratio rises to over 10 times by 2022.
What Analysts Think
Analysts don’t see it this way. They are all enthusiastically positive that RKT stock will rise significantly from here. For example, TipRanks reports that 14 analysts have an average target price of $21.92, or 29% higher than today.
