Real Industry Inc. (RELY) Given $13.50 Average Target Price by Analysts
Shares of Real Industry Inc. (NASDAQ:RELY) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus price objective of $13.50 for the company and are forecasting that the company will post ($0.14) earnings per share for the current quarter, according to Zacks. Zacks has also given Real Industry an industry rank of 52 out of 265 based on the ratings given to related companies.
RELY has been the topic of several research analyst reports. Zacks Investment Research upgraded Real Industry from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. B. Riley restated a “buy” rating and set a $16.00 target price on shares of Real Industry in a research note on Tuesday, August 9th.
Real Industry (NASDAQ:RELY) traded up 0.88% on Tuesday, hitting $5.75. The stock had a trading volume of 27,401 shares. Real Industry has a 52-week low of $5.30 and a 52-week high of $10.80. The company has a 50 day moving average price of $6.21 and a 200-day moving average price of $7.55. The company’s market cap is $168.20 million.
Real Industry (NASDAQ:RELY) last released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.06. The firm earned $320.90 million during the quarter, compared to analyst estimates of $323.39 million. Real Industry had a negative return on equity of 8.73% and a negative net margin of 1.13%. The business’s revenue for the quarter was down 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.53) EPS. On average, equities research analysts predict that Real Industry will post ($0.70) earnings per share for the current year.
In other Real Industry news, CEO Craig T. Bouchard sold 98,396 shares of the business’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $7.13, for a total transaction of $701,563.48. Following the sale, the chief executive officer now owns 89,974 shares in the company, valued at approximately $641,514.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Real Industry, Inc. purchased 5,000 shares of the company’s stock in a transaction on Thursday, September 8th. The shares were purchased at an average price of $6.45 per share, for a total transaction of $32,250.00. Following the purchase, the director now owns 82,059 shares in the company, valued at approximately $529,280.55. The disclosure for this purchase can be found here. Corporate insiders own 5.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of RELY. Nationwide Fund Advisors increased its stake in Real Industry by 11.2% in the second quarter. Nationwide Fund Advisors now owns 20,559 shares of the company’s stock valued at $160,000 after buying an additional 2,070 shares during the last quarter. Mesirow Financial Investment Management Equity Management purchased a new stake in Real Industry during the second quarter valued at $163,000. Emerald Acquisition Ltd. purchased a new stake in Real Industry during the second quarter valued at $1,888,000. California State Teachers Retirement System increased its stake in Real Industry by 6.0% in the second quarter. California State Teachers Retirement System now owns 54,965 shares of the company’s stock valued at $427,000 after buying an additional 3,099 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Real Industry by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 85,319 shares of the company’s stock valued at $663,000 after buying an additional 4,856 shares during the last quarter. Institutional investors and hedge funds own 57.29% of the company’s stock.
Real Industry Company Profile
Real Industry, Inc is a holding company. The Company focuses on the operations of Real Alloy Holding, Inc (Real Alloy), which is engaged in aluminum recycling. The Company’s segments include Real Alloy North America (RANA) and Real Alloy Europe (RAEU). The RANA segment includes aluminum melting, processing, recycling and alloying activities conducted in approximately 20 facilities located in the United States, Canada and Mexico.
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