Analysts Set Realogy Holdings Corp (NYSE:RLGY) Target Price at $7.50

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Realogy Holdings Corp (NYSE:RLGY) has been given an average recommendation of “Hold” by the nine research firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $7.50.

Several equities analysts have recently weighed in on RLGY shares. Zacks Investment Research cut Realogy from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Evercore ISI reiterated a “hold” rating and issued a $9.00 price target on shares of Realogy in a research report on Monday, November 11th. TheStreet cut Realogy from a “c” rating to a “d+” rating in a research report on Friday, November 8th. Susquehanna Bancshares cut Realogy from a “neutral” rating to a “negative” rating and reduced their price target for the company from $7.00 to $6.00 in a research report on Monday, November 11th. Finally, ValuEngine upgraded Realogy from a “hold” rating to a “buy” rating in a research report on Friday, December 13th.

Realogy stock opened at $10.08 on Friday. The firm has a 50 day simple moving average of $9.88 and a 200 day simple moving average of $7.81. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.80. Realogy has a 1-year low of $4.33 and a 1-year high of $18.53. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -9.42 and a beta of 1.78.

Realogy (NYSE:RLGY) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.18). The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Realogy had a negative net margin of 2.09% and a positive return on equity of 4.38%. Realogy’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 earnings per share. On average, equities research analysts forecast that Realogy will post 0.95 EPS for the current year.

A number of hedge funds have recently made changes to their positions in RLGY. Penserra Capital Management LLC raised its stake in shares of Realogy by 25.0% during the third quarter. Penserra Capital Management LLC now owns 5,720 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 1,144 shares during the last quarter. Metropolitan Life Insurance Co NY grew its stake in shares of Realogy by 929.0% in the third quarter. Metropolitan Life Insurance Co NY now owns 29,316 shares of the financial services provider’s stock worth $196,000 after purchasing an additional 26,467 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Realogy by 83.7% during the 2nd quarter. Renaissance Technologies LLC now owns 744,200 shares of the financial services provider’s stock valued at $5,388,000 after purchasing an additional 339,000 shares during the period. Rhumbline Advisers increased its holdings in Realogy by 6.1% during the 3rd quarter. Rhumbline Advisers now owns 352,806 shares of the financial services provider’s stock valued at $2,357,000 after purchasing an additional 20,417 shares during the period. Finally, Millennium Management LLC raised its position in Realogy by 74.8% during the 3rd quarter. Millennium Management LLC now owns 895,942 shares of the financial services provider’s stock valued at $5,984,000 after purchasing an additional 383,328 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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Analyst Recommendations for Realogy (NYSE:RLGY)

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