Realogy Holdings Corp.’s (RLGY) “Buy” Rating Reiterated at Piper Jaffray Companies
Realogy Holdings Corp. (NYSE:RLGY)‘s stock had its “buy” rating reissued by investment analysts at Piper Jaffray Companies in a research report issued on Friday. They currently have a $33.00 target price on the financial services provider’s stock. Piper Jaffray Companies’ price target would suggest a potential upside of 23.27% from the stock’s previous close.
A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Wedbush increased their price target on shares of Realogy Holdings Corp. from $32.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 12th. TheStreet raised shares of Realogy Holdings Corp. from a “c+” rating to a “b” rating in a research note on Wednesday, August 9th. BidaskClub downgraded shares of Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $38.00 price target on shares of Realogy Holdings Corp. in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $33.88.
Realogy Holdings Corp. (NYSE:RLGY) traded down $5.76 during mid-day trading on Friday, reaching $26.77. 8,093,471 shares of the company were exchanged, compared to its average volume of 1,556,945. The company has a market capitalization of $4.14 billion, a P/E ratio of 18.64, a P/E/G ratio of 0.88 and a beta of 1.38. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.83 and a quick ratio of 0.83.
Realogy Holdings Corp. (NYSE:RLGY) last released its quarterly earnings results on Friday, November 3rd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.10). Realogy Holdings Corp. had a return on equity of 9.53% and a net margin of 4.06%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the company earned $0.74 earnings per share. Realogy Holdings Corp.’s quarterly revenue was up 1.8% on a year-over-year basis. equities research analysts anticipate that Realogy Holdings Corp. will post 1.72 EPS for the current year.
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In other Realogy Holdings Corp. news, SVP Timothy B. Gustavson sold 3,093 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $34.84, for a total value of $107,760.12. Following the sale, the senior vice president now owns 8,705 shares in the company, valued at $303,282.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. grew its holdings in shares of Realogy Holdings Corp. by 21.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 699,436 shares of the financial services provider’s stock valued at $20,837,000 after buying an additional 121,704 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Realogy Holdings Corp. during the first quarter valued at approximately $572,000. Bank of America Corp DE grew its holdings in shares of Realogy Holdings Corp. by 31.4% during the first quarter. Bank of America Corp DE now owns 548,853 shares of the financial services provider’s stock valued at $16,350,000 after buying an additional 131,081 shares during the last quarter. River Road Asset Management LLC grew its holdings in shares of Realogy Holdings Corp. by 1.1% during the second quarter. River Road Asset Management LLC now owns 636,312 shares of the financial services provider’s stock valued at $20,648,000 after buying an additional 6,694 shares during the last quarter. Finally, Palo Capital Inc. purchased a new stake in shares of Realogy Holdings Corp. during the second quarter valued at approximately $445,000.
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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