Realogy Holdings Corp. (RLGY) PT Raised to $24.00 at Barclays PLC
Realogy Holdings Corp. (NYSE:RLGY) had its price target upped by investment analysts at Barclays PLC from $23.00 to $24.00 in a note issued to investors on Friday. The brokerage presently has an “underweight” rating on the financial services provider’s stock. Barclays PLC’s target price suggests a potential downside of 30.45% from the company’s previous close.
RLGY has been the topic of a number of other reports. Deutsche Bank AG raised shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $32.00 to $38.00 in a report on Friday, May 5th. Compass Point lowered shares of Realogy Holdings Corp. from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $31.00 to $32.00 in a report on Tuesday, May 9th. TheStreet raised shares of Realogy Holdings Corp. from a “c+” rating to a “b-” rating in a report on Wednesday, April 19th. Zacks Investment Research lowered shares of Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, BidaskClub lowered shares of Realogy Holdings Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $34.75.
Shares of Realogy Holdings Corp. (NYSE RLGY) traded up 1.41% during trading on Friday, reaching $34.51. 2,655,466 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $32.38 and its 200-day moving average price is $29.58. Realogy Holdings Corp. has a 52-week low of $21.43 and a 52-week high of $34.73. The stock has a market cap of $4.76 billion, a PE ratio of 21.87 and a beta of 1.40.
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. Realogy Holdings Corp. had a net margin of 4.06% and a return on equity of 9.52%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the firm posted $0.74 EPS. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Realogy Holdings Corp. will post $1.69 EPS for the current year.
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Large investors have recently bought and sold shares of the stock. Federated Investors Inc. PA purchased a new stake in Realogy Holdings Corp. during the second quarter worth approximately $101,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Realogy Holdings Corp. by 310.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,100 shares of the financial services provider’s stock worth $122,000 after buying an additional 3,100 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Realogy Holdings Corp. by 2.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,136 shares of the financial services provider’s stock worth $123,000 after buying an additional 86 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in Realogy Holdings Corp. during the first quarter worth approximately $134,000. Finally, Westpac Banking Corp purchased a new stake in Realogy Holdings Corp. during the first quarter worth approximately $220,000.
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.
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