Realogy Holdings Corp. (RLGY) Stock Rating Upgraded by BidaskClub
Realogy Holdings Corp. (NYSE:RLGY) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Thursday.
A number of other analysts have also weighed in on RLGY. TheStreet lowered shares of Realogy Holdings Corp. from a “b-” rating to a “c+” rating in a research report on Wednesday, June 7th. Zacks Investment Research upgraded shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Wednesday, July 5th. Wedbush raised their target price on shares of Realogy Holdings Corp. from $32.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, July 12th. Barclays PLC restated an “underweight” rating on shares of Realogy Holdings Corp. in a research report on Thursday, July 13th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $40.00 target price on shares of Realogy Holdings Corp. in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Realogy Holdings Corp. currently has an average rating of “Buy” and an average target price of $34.75.
Realogy Holdings Corp. (NYSE RLGY) opened at 33.18 on Thursday. Realogy Holdings Corp. has a 52-week low of $21.43 and a 52-week high of $35.18. The company has a 50-day moving average of $33.95 and a 200 day moving average of $31.91. The company has a market cap of $4.52 billion, a PE ratio of 19.34 and a beta of 1.39.
Realogy Holdings Corp. (NYSE:RLGY) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Realogy Holdings Corp. had a net margin of 4.06% and a return on equity of 9.53%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the business posted $0.74 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts predict that Realogy Holdings Corp. will post $1.73 EPS for the current year.
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In other news, SVP Timothy B. Gustavson sold 3,093 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $34.84, for a total transaction of $107,760.12. Following the completion of the transaction, the senior vice president now owns 8,705 shares of the company’s stock, valued at $303,282.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in RLGY. BlackRock Inc. raised its stake in shares of Realogy Holdings Corp. by 2,352.2% during the first quarter. BlackRock Inc. now owns 6,789,662 shares of the financial services provider’s stock valued at $202,264,000 after acquiring an additional 6,512,779 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Realogy Holdings Corp. during the first quarter valued at $44,039,000. FMR LLC raised its stake in shares of Realogy Holdings Corp. by 10.1% during the second quarter. FMR LLC now owns 12,344,949 shares of the financial services provider’s stock valued at $400,594,000 after acquiring an additional 1,131,699 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Realogy Holdings Corp. by 83.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,286,364 shares of the financial services provider’s stock valued at $41,743,000 after acquiring an additional 586,928 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Realogy Holdings Corp. by 95.0% during the second quarter. American Century Companies Inc. now owns 1,098,732 shares of the financial services provider’s stock valued at $35,654,000 after acquiring an additional 535,241 shares during the last quarter.
About Realogy Holdings Corp.
Realogy Holdings Corp. is an integrated provider of residential real estate services in the United States. The Company is the franchisor of residential real estate brokerages with some of the recognized brands in the real estate industry, the owner of United States residential real estate brokerage offices, the global provider of outsourced employee relocation services and a provider of title and settlement services.
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