BidaskClub lowered shares of RE/MAX Holdings, Inc. (NYSE:RMAX) from a buy rating to a hold rating in a research report report published on Thursday morning.

A number of other equities analysts have also weighed in on the company. Zacks Investment Research lowered RE/MAX Holdings from a hold rating to a sell rating in a research note on Tuesday, July 11th. Bank of America Corporation lowered RE/MAX Holdings from a neutral rating to an underperform rating and set a $56.00 target price on the stock. in a research note on Friday, June 30th. Finally, Keefe, Bruyette & Woods set a $53.00 target price on RE/MAX Holdings and gave the stock a hold rating in a research note on Monday, April 10th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. RE/MAX Holdings has an average rating of Hold and an average target price of $58.33.

RE/MAX Holdings (NYSE RMAX) traded up 0.60% on Thursday, reaching $58.30. The company’s stock had a trading volume of 28,503 shares. RE/MAX Holdings has a 52-week low of $40.41 and a 52-week high of $63.35. The firm has a market cap of $1.03 billion, a PE ratio of 45.30 and a beta of 0.93. The stock’s 50 day moving average price is $56.66 and its 200 day moving average price is $56.64.

RE/MAX Holdings (NYSE:RMAX) last announced its earnings results on Thursday, May 4th. The financial services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The business had revenue of $48.20 million for the quarter, compared to analyst estimates of $47.52 million. RE/MAX Holdings had a return on equity of 82.39% and a net margin of 12.50%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. Equities research analysts expect that RE/MAX Holdings will post $1.88 earnings per share for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the stock. Comerica Bank raised its position in shares of RE/MAX Holdings by 4.0% in the first quarter. Comerica Bank now owns 19,605 shares of the financial services provider’s stock valued at $1,181,000 after buying an additional 746 shares during the period. Bank of New York Mellon Corp raised its position in shares of RE/MAX Holdings by 29.2% in the first quarter. Bank of New York Mellon Corp now owns 446,973 shares of the financial services provider’s stock valued at $26,574,000 after buying an additional 101,083 shares during the period. Bbva Compass Bancshares Inc. raised its position in shares of RE/MAX Holdings by 7.3% in the first quarter. Bbva Compass Bancshares Inc. now owns 24,100 shares of the financial services provider’s stock valued at $1,433,000 after buying an additional 1,647 shares during the period. Great West Life Assurance Co. Can raised its position in shares of RE/MAX Holdings by 5.7% in the first quarter. Great West Life Assurance Co. Can now owns 25,281 shares of the financial services provider’s stock valued at $1,501,000 after buying an additional 1,366 shares during the period. Finally, Glen Harbor Capital Management LLC raised its position in shares of RE/MAX Holdings by 127.3% in the first quarter. Glen Harbor Capital Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $101,000 after buying an additional 952 shares during the period.

RE/MAX Holdings Company Profile

RE/MAX Holdings, Inc is a franchisor in the real estate industry, franchising real estate brokerages around the world under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. The Company is a franchised business, with all of the RE/MAX branded brokerage office locations being operated by franchisees, including RE/MAX, LLC, which owns the RE/MAX brand, and sells franchises and franchising rights; Independent Regional Franchise Owner, which owns rights to sell brokerage franchises in a specified region; Franchisee (or Broker-Owner), which operates a RE/MAX-branded brokerage office, lists properties and recruits agents, and Agent (or Sales Associate), including branded independent contractors operating out of local franchise brokerage offices.

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