RE/MAX Holdings, Inc. (RMAX) Receives Average Recommendation of “Hold” from Analysts
Shares of RE/MAX Holdings, Inc. (NYSE:RMAX) have been given a consensus recommendation of “Hold” by the ten analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $63.17.
Several research analysts have recently commented on the company. BidaskClub raised RE/MAX from a “buy” rating to a “strong-buy” rating in a report on Friday, October 20th. Piper Jaffray Companies reissued a “buy” rating and issued a $69.00 target price on shares of RE/MAX in a report on Wednesday, November 1st. Zacks Investment Research downgraded RE/MAX from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Finally, Stephens downgraded RE/MAX from an “overweight” rating to an “equal weight” rating and set a $66.00 price objective on the stock. in a report on Monday, August 7th.
Shares of RE/MAX (NYSE RMAX) traded down $0.15 on Monday, hitting $52.50. The stock had a trading volume of 47,200 shares, compared to its average volume of 84,098. The firm has a market cap of $929.04, a P/E ratio of 28.69, a P/E/G ratio of 3.92 and a beta of 0.93. The company has a quick ratio of 10.83, a current ratio of 10.83 and a debt-to-equity ratio of 3.29. RE/MAX has a fifty-two week low of $48.35 and a fifty-two week high of $67.50.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Tuesday, November 14th. RE/MAX’s dividend payout ratio is 54.96%.
A number of large investors have recently bought and sold shares of RMAX. UBS Asset Management Americas Inc. acquired a new position in RE/MAX during the 1st quarter worth $269,000. California Public Employees Retirement System lifted its stake in shares of RE/MAX by 67.6% in the 1st quarter. California Public Employees Retirement System now owns 12,400 shares of the financial services provider’s stock valued at $737,000 after purchasing an additional 5,000 shares during the period. Vanguard Group Inc. lifted its stake in shares of RE/MAX by 9.7% in the 1st quarter. Vanguard Group Inc. now owns 855,962 shares of the financial services provider’s stock valued at $50,887,000 after purchasing an additional 75,595 shares during the period. State Street Corp lifted its stake in shares of RE/MAX by 7.9% in the 1st quarter. State Street Corp now owns 401,253 shares of the financial services provider’s stock valued at $23,856,000 after purchasing an additional 29,520 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of RE/MAX by 158.9% in the 1st quarter. AQR Capital Management LLC now owns 17,468 shares of the financial services provider’s stock valued at $1,038,000 after purchasing an additional 10,721 shares during the period.
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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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