Realogy (RLGY) Stock Rating Lowered by J P Morgan Chase & Co
Realogy (NYSE:RLGY) was downgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a research report issued to clients and investors on Friday. They currently have a $28.00 price objective on the financial services provider’s stock. J P Morgan Chase & Co’s price objective suggests a potential upside of 6.71% from the company’s current price.
RLGY has been the subject of several other reports. Zacks Investment Research downgraded shares of Realogy from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Piper Jaffray Companies reissued a “buy” rating and set a $33.00 target price on shares of Realogy in a research report on Friday, November 3rd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $38.00 target price on shares of Realogy in a research report on Friday, September 29th. BidaskClub raised shares of Realogy from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. Finally, Citigroup decreased their target price on shares of Realogy from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, November 6th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $34.44.
Shares of Realogy (NYSE RLGY) opened at $26.24 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.41. The company has a market cap of $3,516.19, a PE ratio of 16.43, a PEG ratio of 0.84 and a beta of 1.32. Realogy has a 52-week low of $25.14 and a 52-week high of $35.18.
In other news, Director Duncan L. Niederauer purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were acquired at an average cost of $26.47 per share, for a total transaction of $132,350.00. Following the completion of the acquisition, the director now owns 25,141 shares in the company, valued at $665,482.27. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in RLGY. Federated Investors Inc. PA purchased a new position in Realogy in the second quarter valued at about $101,000. Mckinley Capital Management LLC Delaware purchased a new position in Realogy in the second quarter valued at about $119,000. PNC Financial Services Group Inc. boosted its stake in Realogy by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 4,153 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 17 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new position in Realogy in the third quarter valued at about $201,000. Finally, Petrus Trust Company LTA purchased a new position in Realogy in the second quarter valued at about $202,000.
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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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