Re/Max Holdings Inc (NYSE:RMAX) has been assigned an average rating of “Hold” from the ten analysts that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $61.80.

A number of equities research analysts have recently commented on the company. Zacks Investment Research cut Re/Max from a “hold” rating to a “sell” rating in a research note on Saturday. William Blair assumed coverage on Re/Max in a research note on Friday, July 6th. They issued an “outperform” rating on the stock. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $65.00 target price on shares of Re/Max in a research note on Friday, August 3rd.

Institutional investors have recently added to or reduced their stakes in the stock. Confluence Investment Management LLC boosted its position in shares of Re/Max by 2.6% during the second quarter. Confluence Investment Management LLC now owns 98,826 shares of the financial services provider’s stock valued at $5,183,000 after buying an additional 2,463 shares during the last quarter. Van Berkom & Associates Inc. boosted its position in shares of Re/Max by 0.7% during the second quarter. Van Berkom & Associates Inc. now owns 1,401,902 shares of the financial services provider’s stock valued at $73,530,000 after buying an additional 9,824 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Re/Max during the second quarter valued at $205,000. Engineers Gate Manager LP purchased a new stake in shares of Re/Max during the second quarter valued at $757,000. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Re/Max by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 53,116 shares of the financial services provider’s stock valued at $2,786,000 after buying an additional 7,274 shares during the last quarter. 99.21% of the stock is currently owned by institutional investors.

RMAX opened at $43.10 on Friday. The company has a quick ratio of 5.71, a current ratio of 5.71 and a debt-to-equity ratio of 3.79. The firm has a market capitalization of $764.85 million, a price-to-earnings ratio of 23.05, a PEG ratio of 2.89 and a beta of 0.44. Re/Max has a 12-month low of $42.50 and a 12-month high of $67.50.

Re/Max (NYSE:RMAX) last posted its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. The business had revenue of $54.30 million during the quarter, compared to the consensus estimate of $53.28 million. Re/Max had a return on equity of 74.33% and a net margin of 6.32%. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share. equities analysts predict that Re/Max will post 2.13 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 29th. Investors of record on Wednesday, August 15th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 14th. This represents a $0.80 annualized dividend and a dividend yield of 1.86%. Re/Max’s dividend payout ratio (DPR) is presently 42.78%.

Re/Max Company Profile

RE/MAX Holdings, Inc operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company offers its real estate franchise services under the RE/MAX brand name; and mortgage brokerage services under the Motto Mortgage brand. The company was founded in 1973 and is headquartered in Denver, Colorado.

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Analyst Recommendations for Re/Max (NYSE:RMAX)

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