Zacks Investment Research downgraded shares of RE/MAX (NYSE:RMAX) from a buy rating to a hold rating in a research note released on Thursday.

According to Zacks, “Re/Max Holdings, Inc. is a franchisor of real estate brokerage services. Re/Max Holdings, Inc. is based in Denver, CO. “

A number of other research analysts have also weighed in on RMAX. BidaskClub lowered shares of RE/MAX from a buy rating to a hold rating in a research report on Friday, September 8th. Piper Jaffray Companies initiated coverage on shares of RE/MAX in a research report on Thursday, September 28th. They set an overweight rating and a $69.00 price target on the stock. JPMorgan Chase & Co. lowered shares of RE/MAX from a neutral rating to an underweight rating and set a $51.00 price target on the stock. in a research report on Friday, December 15th. Finally, Compass Point raised shares of RE/MAX from a sell rating to a neutral rating in a research report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. RE/MAX has a consensus rating of Hold and an average price target of $61.43.

RE/MAX (NYSE:RMAX) traded down $0.20 on Thursday, hitting $47.10. 89,200 shares of the company were exchanged, compared to its average volume of 114,550. The company has a debt-to-equity ratio of 3.29, a current ratio of 10.83 and a quick ratio of 10.83. RE/MAX has a one year low of $45.55 and a one year high of $67.50. The company has a market capitalization of $844.15, a price-to-earnings ratio of 35.95, a P/E/G ratio of 3.25 and a beta of 0.80.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Suntrust Banks Inc. increased its holdings in RE/MAX by 0.5% during the second quarter. Suntrust Banks Inc. now owns 8,606 shares of the financial services provider’s stock worth $481,000 after buying an additional 45 shares during the last quarter. Stifel Financial Corp increased its holdings in RE/MAX by 0.3% during the second quarter. Stifel Financial Corp now owns 23,419 shares of the financial services provider’s stock worth $1,313,000 after buying an additional 61 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in RE/MAX by 2.1% during the second quarter. The Manufacturers Life Insurance Company now owns 13,713 shares of the financial services provider’s stock worth $768,000 after buying an additional 276 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in RE/MAX by 0.7% during the second quarter. TIAA CREF Investment Management LLC now owns 48,336 shares of the financial services provider’s stock worth $2,709,000 after buying an additional 315 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in RE/MAX by 0.4% during the second quarter. Ameriprise Financial Inc. now owns 93,547 shares of the financial services provider’s stock worth $5,244,000 after buying an additional 341 shares during the last quarter.

COPYRIGHT VIOLATION NOTICE: “RE/MAX (RMAX) Cut to “Hold” at Zacks Investment Research” was first published by Watch List News and is owned by of Watch List News. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at https://www.watchlistnews.com/remax-rmax-cut-to-hold-at-zacks-investment-research/1798778.html.

About RE/MAX

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.

Get a free copy of the Zacks research report on RE/MAX (RMAX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for RE/MAX (NYSE:RMAX)

Receive News & Ratings for RE/MAX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RE/MAX and related companies with Analyst Ratings Network's FREE daily email newsletter.