Realogy (NYSE:RLGY) had its target price lowered by equities researchers at J P Morgan Chase & Co to $30.00 in a research report issued on Wednesday. The firm currently has a “neutral” rating on the financial services provider’s stock. J P Morgan Chase & Co’s price objective suggests a potential upside of 9.29% from the company’s current price.
Other research analysts have also issued research reports about the stock. BidaskClub lowered shares of Realogy from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Deutsche Bank set a $42.00 price objective on shares of Realogy and gave the company a “buy” rating in a research note on Tuesday, August 8th. Keefe, Bruyette & Woods lowered shares of Realogy from an “outperform” rating to a “market perform” rating and set a $38.00 price objective on the stock. in a research note on Tuesday, October 10th. TheStreet upgraded shares of Realogy from a “c+” rating to a “b” rating in a research note on Wednesday, August 9th. Finally, Citigroup dropped their price objective on shares of Realogy from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, November 6th. Three investment 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. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.67.
Realogy (RLGY) traded up $0.22 during mid-day trading on Wednesday, hitting $27.45. 1,765,800 shares of the stock were exchanged, compared to its average volume of 1,272,460. Realogy has a twelve month low of $24.69 and a twelve month high of $35.18. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $3,665.61, a price-to-earnings ratio of 17.13, a P/E/G ratio of 0.88 and a beta of 1.32.
Realogy (NYSE:RLGY) last released its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.10). The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.74 billion. Realogy had a net margin of 3.86% and a return on equity of 9.08%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.74 EPS. equities research analysts predict that Realogy will post 1.55 EPS for the current fiscal year.
In other Realogy news, Director Duncan L. Niederauer bought 5,000 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was bought at an average cost of $26.47 per share, with a total value of $132,350.00. Following the completion of the transaction, the director now directly owns 25,141 shares of the company’s stock, valued at approximately $665,482.27. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.80% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its holdings in shares of Realogy by 6.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 57,304 shares of the financial services provider’s stock worth $1,888,000 after buying an additional 3,490 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Realogy by 6.8% during the 3rd quarter. California Public Employees Retirement System now owns 338,067 shares of the financial services provider’s stock worth $11,139,000 after buying an additional 21,667 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in shares of Realogy by 28.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 43,425 shares of the financial services provider’s stock worth $1,431,000 after buying an additional 9,677 shares during the period. Janus Henderson Group PLC bought a new stake in shares of Realogy during the 3rd quarter worth $811,000. Finally, Caxton Associates LP bought a new stake in shares of Realogy during the 3rd quarter worth $290,000.
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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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