Coverage Reiterated: Rice Energy (RICE), Rackspace Hosting (RAX), Fossil Group (FOSL), Analog Devices (ADI), Varonis Systems (VRNS)

Rice Energy Inc. (RICE) was reiterated a ‘Buy’ by Canaccord Genuity analysts on Wednesday. The broker also cut its price target on the stock to $29 from $38.

Rice Energy Inc., currently valued at $2.72B, has a median Wall Street price target of $30.00 with a high target of $38.00. Approximately 1.5M shares have already changed hands, compared to the stock’s average daily volume of 1.73M.

In the past 52 weeks, shares of Canonsburg, Pennsylvania-based natural gas and oil company have traded between a low of $16.04 and a high of $34.34 with the 50-day MA and 200-day MA located at $18.51 and $24.44 levels, respectively. Additionally, shares of RICE trade at a P/E ratio of 3.32 and have a Relative Strength Index (RSI) and MACD indicator of 53.96 and +1.06, respectively.

RICE currently prints a one year loss of about 18%, and a year-to-date loss of around 6.30%.

Rackspace Hosting, Inc. (RAX) was reiterated as ‘Hold’ with a $42 from $35 price target on Wednesday by Canaccord Genuity.

Rackspace Hosting, Inc. shares are currently priced at 77.11x this year’s forecasted earnings compared to the industry’s 24.85x earnings multiple. Ticker has a PEG and forward P/E ratio of 2.51 and 42.59, respectively. Price/Sales for the same period is 4.14 while EPS is $0.66. Currently there are 12 analysts that rate RAX a ‘Buy’, 9 rate it a ‘Hold’. 2 analysts rate it a ‘Sell’. RAX has a median Wall Street price target of $49.00 with a high target of $67.00.

In the past 52 weeks, shares of San Antonio, Texas-based company have traded between a low of $26.18 and a high of $52.45 and are now up 2.50% to $51.10.

Shares are up 47.50% year-over-year, and 6.54% year-to-date.

Fossil Group, Inc.’s (FOSL) rating of ‘Buy’ was reiterated today at Jefferies with a price target decrease of $130 from $150 (versus a $99.32 previous close).

Fossil Group shares have declined 32.16% over the past 52 weeks, while the S&P 500 index has gained 14.85% in the same period.

FOSL recently traded at $82.08, down 17.36 percent.

Shares of Analog Devices, Inc. (ADI) are down 0.80% in midday trading after Stifel reiterated its ‘Buy’ rating and increased its 12-month base case estimate on the name by two points to $68 a share.

Analog Devices shares recently lost $0.47 to $58.34. In the past 52 weeks, shares of Norwood, Massachusetts-based company have traded between a low of $42.57 and a high of $58.86. Shares are up 19.17% year-over-year, and 5.93% year-to-date.

Varonis Systems, Inc. (VRNS) was reiterated as ‘Buy’ and the price target was raised to $45 from $38 at Jefferies.

VRNS shares recently lost $6.19 to $31.26. The stock is down 29% year-over-year, and 5% year-to-date. In the past 52 weeks, shares of New York-based software solutions provider have traded between a low of $17.50 and a high of $56.80.

Varonis Systems, Inc. closed Tuesday at $37.45. The name has a total market cap of $767.93M.

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