BidaskClub Lowers Realogy Holdings Corp. (RLGY) to Hold

BidaskClub downgraded shares of Realogy Holdings Corp. (NYSE:RLGY) from a buy rating to a hold rating in a report released on Friday.

Other analysts have also issued reports about the stock. TheStreet upgraded shares of Realogy Holdings Corp. from a c+ rating to a b rating in a report on Wednesday, August 9th. Keefe, Bruyette & Woods reiterated a buy rating and set a $38.00 target price on shares of Realogy Holdings Corp. in a report on Friday, September 29th. Zacks Investment Research upgraded shares of Realogy Holdings Corp. from a hold rating to a buy rating and set a $39.00 target price for the company in a report on Wednesday, September 27th. Deutsche Bank AG set a $42.00 target price on shares of Realogy Holdings Corp. and gave the stock a buy rating in a report on Tuesday, August 8th. Finally, Piper Jaffray Companies reiterated a buy rating and set a $40.00 target price on shares of Realogy Holdings Corp. in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Realogy Holdings Corp. currently has an average rating of Hold and a consensus price target of $34.75.

Realogy Holdings Corp. (RLGY) opened at 32.15 on Friday. Realogy Holdings Corp. has a 52 week low of $21.43 and a 52 week high of $35.18. The stock has a 50 day moving average price of $33.73 and a 200-day moving average price of $32.08. The firm has a market capitalization of $4.38 billion, a P/E ratio of 18.74 and a beta of 1.39.

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

ILLEGAL ACTIVITY NOTICE: “BidaskClub Lowers Realogy Holdings Corp. (RLGY) to Hold” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/16/bidaskclub-lowers-realogy-holdings-corp-rlgy-to-hold.html.

In other Realogy Holdings Corp. news, SVP Timothy B. Gustavson sold 3,093 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $34.84, for a total value of $107,760.12. Following the completion of the sale, the senior vice president now directly owns 8,705 shares in the company, valued at $303,282.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.80% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Federated Investors Inc. PA purchased a new position in shares of Realogy Holdings Corp. during the second quarter valued at approximately $101,000. Mckinley Capital Management LLC Delaware purchased a new position in shares of Realogy Holdings Corp. during the second quarter valued at approximately $119,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of Realogy Holdings Corp. by 310.0% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,100 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 3,100 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Realogy Holdings Corp. by 2.1% during the first quarter. PNC Financial Services Group Inc. now owns 4,136 shares of the financial services provider’s stock valued at $123,000 after purchasing

Other analysts have also issued reports about the stock. TheStreet upgraded shares of Realogy Holdings Corp. from a c+ rating to a b rating in a report on Wednesday, August 9th. Keefe, Bruyette & Woods reiterated a buy rating and set a $38.00 target price on shares of Realogy Holdings Corp. in a report on Friday, September 29th. Zacks Investment Research upgraded shares of Realogy Holdings Corp. from a hold rating to a buy rating and set a $39.00 target price for the company in a report on Wednesday, September 27th. Deutsche Bank AG set a $42.00 target price on shares of Realogy Holdings Corp. and gave the stock a buy rating in a report on Tuesday, August 8th. Finally, Piper Jaffray Companies reiterated a buy rating and set a $40.00 target price on shares of Realogy Holdings Corp. in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Realogy Holdings Corp. currently has an average rating of Hold and a consensus price target of $34.75.

Realogy Holdings Corp. (RLGY) opened at 32.15 on Friday. Realogy Holdings Corp. has a 52 week low of $21.43 and a 52 week high of $35.18. The stock has a 50 day moving average price of $33.73 and a 200-day moving average price of $32.08. The firm has a market capitalization of $4.38 billion, a P/E ratio of 18.74 and a beta of 1.39.

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

ILLEGAL ACTIVITY NOTICE: “BidaskClub Lowers Realogy Holdings Corp. (RLGY) to Hold” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/16/bidaskclub-lowers-realogy-holdings-corp-rlgy-to-hold.html.

In other Realogy Holdings Corp. news, SVP Timothy B. Gustavson sold 3,093 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $34.84, for a total value of $107,760.12. Following the completion of the sale, the senior vice president now directly owns 8,705 shares in the company, valued at $303,282.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.80% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Federated Investors Inc. PA purchased a new position in shares of Realogy Holdings Corp. during the second quarter valued at approximately $101,000. Mckinley Capital Management LLC Delaware purchased a new position in shares of Realogy Holdings Corp. during the second quarter valued at approximately $119,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of Realogy Holdings Corp. by 310.0% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,100 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 3,100 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Realogy Holdings Corp. by 2.1% during the first quarter. PNC Financial Services Group Inc. now owns 4,136 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 86 shares during the last quarter. Finally, Petrus Trust Company LTA purchased a new position in shares of Realogy Holdings Corp. during the second quarter valued at approximately $202,000.

Realogy Holdings Corp. 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.

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

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