Zacks Investment Research upgraded shares of Re/Max (NYSE:RMAX) from a sell rating to a hold rating in a research note published on Tuesday.

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 issued reports on RMAX. Bank of America lowered shares of Re/Max to a sell rating and set a $56.00 price target on the stock. in a research note on Thursday, December 20th. Craig Hallum set a $50.00 price target on shares of Re/Max and gave the company a buy rating in a research note on Monday, November 5th. Morgan Stanley upgraded shares of Re/Max from an equal weight rating to an overweight rating and set a $36.00 price target on the stock in a research note on Monday, November 19th. Stephens cut their price target on shares of Re/Max from $60.00 to $41.00 and set an equal weight rating on the stock in a research note on Monday, November 5th. Finally, TheStreet lowered shares of Re/Max from a b- rating to a c+ rating in a research note on Friday, October 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Re/Max presently has an average rating of Hold and a consensus target price of $53.88.

NYSE RMAX opened at $36.31 on Tuesday. The company has a debt-to-equity ratio of 3.17, a current ratio of 5.51 and a quick ratio of 5.51. The company has a market cap of $623.06 million, a P/E ratio of 19.42, a PEG ratio of 2.42 and a beta of 0.62. Re/Max has a 52 week low of $27.84 and a 52 week high of $61.27.

Re/Max (NYSE:RMAX) last posted its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.06). The firm had revenue of $54.90 million for the quarter, compared to the consensus estimate of $55.80 million. Re/Max had a return on equity of 90.23% and a net margin of 8.19%. The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 EPS. Research analysts forecast that Re/Max will post 2.02 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP increased its stake in shares of Re/Max by 19.4% in the third quarter. Engineers Gate Manager LP now owns 17,235 shares of the financial services provider’s stock worth $764,000 after acquiring an additional 2,804 shares during the period. SG Americas Securities LLC increased its stake in shares of Re/Max by 254.2% in the second quarter. SG Americas Securities LLC now owns 6,432 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 4,616 shares during the period. Marshall Wace LLP acquired a new stake in shares of Re/Max in the third quarter worth $252,000. Wells Fargo & Company MN increased its stake in shares of Re/Max by 1.0% in the third quarter. Wells Fargo & Company MN now owns 241,922 shares of the financial services provider’s stock worth $10,729,000 after acquiring an additional 2,399 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Re/Max by 1.6% in the second quarter. Northern Trust Corp now owns 212,494 shares of the financial services provider’s stock worth $11,145,000 after acquiring an additional 3,358 shares during the period. Hedge funds and other institutional investors own 99.57% of the company’s stock.

About Re/Max

RE/MAX Holdings, Inc operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company offers its real estate franchise services under the RE/MAX brand name; and mortgage brokerage services under the Motto Mortgage brand. The company was founded in 1973 and is headquartered in Denver, Colorado.

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