Keefe, Bruyette & Woods Reiterates Buy Rating for Realogy Holdings Corp. (RLGY)

Realogy Holdings Corp. (NYSE:RLGY)‘s stock had its “buy” rating reissued by research analysts at Keefe, Bruyette & Woods in a report issued on Thursday. They currently have a $38.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 9.89% from the stock’s current price.

Several other research analysts have also weighed in on the company. BidaskClub raised Realogy Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday. Deutsche Bank AG set a $42.00 target price on Realogy Holdings Corp. and gave the stock a “buy” rating in a research report on Tuesday. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $40.00 target price on shares of Realogy Holdings Corp. in a research report on Friday, August 4th. Barclays PLC increased their target price on Realogy Holdings Corp. from $23.00 to $24.00 and gave the stock an “underweight” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research lowered Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $35.56.

Shares of Realogy Holdings Corp. (NYSE RLGY) opened at 34.58 on Thursday. Realogy Holdings Corp. has a 12-month low of $21.43 and a 12-month high of $34.94. The stock has a market cap of $4.77 billion, a P/E ratio of 21.91 and a beta of 1.40. The company has a 50 day moving average price of $32.71 and a 200 day moving average price of $29.67.

Realogy Holdings Corp. (NYSE:RLGY) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.03. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.73 billion. Realogy Holdings Corp. had a return on equity of 9.53% and a net margin of 4.06%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $0.74 EPS. Analysts anticipate that Realogy Holdings Corp. will post $1.70 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This report was published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this report on another publication, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this report can be read at https://www.tickerreport.com/banking-finance/2796312/keefe-bruyette-woods-reiterates-buy-rating-for-realogy-holdings-corp-rlgy.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its position in Realogy Holdings Corp. by 5.0% in the first quarter. FMR LLC now owns 11,213,250 shares of the financial services provider’s stock valued at $334,043,000 after buying an additional 535,210 shares during the period. Vanguard Group Inc. raised its position in Realogy Holdings Corp. by 2.5% in the first quarter. Vanguard Group Inc. now owns 11,017,764 shares of the financial services provider’s stock valued at $328,219,000 after buying an additional 269,319 shares during the period. BlackRock Inc. raised its position in Realogy Holdings Corp. by 2,352.2% in the first quarter. BlackRock Inc. now owns 6,789,662 shares of the financial services provider’s stock valued at $202,264,000 after buying an additional 6,512,779 shares during the period. JPMorgan Chase & Co. raised its position in Realogy Holdings Corp. by 3.3% in the second quarter. JPMorgan Chase & Co. now owns 3,586,764 shares of the financial services provider’s stock valued at $116,390,000 after buying an additional 115,408 shares during the period. Finally, Clearbridge Investments LLC raised its position in Realogy Holdings Corp. by 4.5% in the first quarter. Clearbridge Investments LLC now owns 3,575,556 shares of the financial services provider’s stock valued at $106,516,000 after buying an additional 152,666 shares during the period.

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.

Analyst Recommendations for Realogy Holdings Corp. (NYSE:RLGY)

Receive News & Ratings for Realogy Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realogy Holdings Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.