Realogy (NYSE:RLGY) had its target price lowered by Barclays from $9.00 to $5.00 in a research note released on Thursday morning, The Fly reports. The firm currently has an underweight rating on the financial services provider’s stock.
A number of other equities analysts have also weighed in on the company. Zacks Investment Research raised HB Fuller from a sell rating to a hold rating in a research report on Wednesday, July 3rd. Compass Point raised Realogy from a sell rating to a neutral rating in a research report on Monday, July 8th. Stephens raised Redfin from an underweight rating to an overweight rating and upped their target price for the stock from $18.00 to $23.00 in a research report on Monday, June 10th. Finally, JPMorgan Chase & Co. lowered their target price on Realogy from $14.00 to $12.00 and set an underweight rating on the stock in a research report on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock has an average rating of Hold and a consensus target price of $12.00.
Realogy stock opened at $5.59 on Thursday. The company has a market cap of $655.58 million, a PE ratio of 3.73 and a beta of 1.71. Realogy has a 52-week low of $5.45 and a 52-week high of $24.87. The stock’s 50 day simple moving average is $6.98. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.58 and a quick ratio of 0.58.
Realogy (NYSE:RLGY) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported ($0.67) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.67). The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Realogy had a return on equity of 6.82% and a net margin of 1.76%. The company’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.38) EPS. Sell-side analysts expect that Realogy will post 1.05 earnings per share for the current fiscal year.
In other news, CEO Ryan M. Schneider bought 119,300 shares of the stock in a transaction dated Wednesday, May 8th. The shares were bought at an average cost of $8.38 per share, with a total value of $999,734.00. Following the completion of the transaction, the chief executive officer now directly owns 352,761 shares of the company’s stock, valued at $2,956,137.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of RLGY. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Realogy during the first quarter worth approximately $25,000. NumerixS Investment Technologies Inc raised its position in Realogy by 40.4% in the 1st quarter. NumerixS Investment Technologies Inc now owns 8,000 shares of the financial services provider’s stock valued at $90,000 after buying an additional 2,300 shares during the last quarter. Weiss Asset Management LP purchased a new stake in Realogy in the 1st quarter valued at $135,000. Allstate Corp purchased a new stake in Realogy in the 1st quarter valued at $157,000. Finally, Twin Tree Management LP raised its position in Realogy by 898.0% in the 1st quarter. Twin Tree Management LP now owns 15,190 shares of the financial services provider’s stock valued at $173,000 after buying an additional 13,668 shares during the last quarter.
Realogy Company Profile
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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