Realogy Holdings Corp. (RLGY) Coverage Initiated at Wedbush
Analysts at Wedbush assumed coverage on shares of Realogy Holdings Corp. (NYSE:RLGY) in a report released on Wednesday. The firm set a “neutral” rating and a $28.50 price target on the stock. Wedbush’s target price suggests a potential upside of 8.74% from the stock’s previous close.
Several other equities research analysts also recently weighed in on RLGY. Stephens raised Realogy Holdings Corp. from an “equal weight” rating to an “overweight” rating and set a $37.00 price objective on the stock in a report on Tuesday, July 12th. Credit Suisse Group AG reissued a “hold” rating on shares of Realogy Holdings Corp. in a report on Tuesday, July 12th. Keefe, Bruyette & Woods raised Realogy Holdings Corp. from a “market perform” rating to an “outperform” rating and set a $36.00 price objective on the stock in a report on Monday, July 25th. Compass Point cut their price objective on Realogy Holdings Corp. from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, August 5th. Finally, Zacks Investment Research raised Realogy Holdings Corp. from a “sell” rating to a “hold” rating in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $36.72.
Shares of Realogy Holdings Corp. (NYSE:RLGY) opened at 26.21 on Wednesday. The company has a market capitalization of $3.80 billion, a P/E ratio of 22.97 and a beta of 1.33. Realogy Holdings Corp. has a one year low of $25.39 and a one year high of $43.51. The firm has a 50 day moving average price of $26.37 and a 200 day moving average price of $30.44.
Realogy Holdings Corp. (NYSE:RLGY) last issued its earnings results on Thursday, August 4th. The company reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by $0.03. The business earned $1.66 billion during the quarter, compared to analyst estimates of $1.71 billion. Realogy Holdings Corp. had a net margin of 2.92% and a return on equity of 10.22%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 EPS. On average, equities research analysts predict that Realogy Holdings Corp. will post $1.36 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of RLGY. US Bancorp DE raised its position in Realogy Holdings Corp. by 10.9% in the second quarter. US Bancorp DE now owns 3,896 shares of the company’s stock valued at $113,000 after buying an additional 384 shares during the period. American International Group Inc. raised its position in Realogy Holdings Corp. by 2.9% in the second quarter. American International Group Inc. now owns 7,242 shares of the company’s stock valued at $210,000 after buying an additional 202 shares during the period. Quantbot Technologies LP acquired a new position in Realogy Holdings Corp. during the second quarter valued at $218,000. Westpac Banking Corp raised its position in Realogy Holdings Corp. by 29.4% in the second quarter. Westpac Banking Corp now owns 7,889 shares of the company’s stock valued at $229,000 after buying an additional 1,794 shares during the period. Finally, Weiss Multi Strategy Advisers LLC acquired a new position in Realogy Holdings Corp. during the second quarter valued at $247,000.
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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