Realogy (NYSE:RLGY) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Realogy (NYSE:RLGYGet Rating) in a research note issued to investors on Sunday. The firm issued a hold rating on the financial services provider’s stock.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Realogy from $21.00 to $22.00 and gave the stock an overweight rating in a report on Wednesday, March 2nd. TheStreet downgraded shares of Realogy from a b- rating to a c rating in a report on Thursday, April 28th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Realogy currently has an average rating of Moderate Buy and a consensus price target of $23.00.

The firm has a market capitalization of $1.43 billion, a P/E ratio of 4.35 and a beta of 2.46. Realogy has a fifty-two week low of $9.72 and a fifty-two week high of $21.03. The stock’s fifty day moving average price is $12.17 and its two-hundred day moving average price is $15.02. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.94 and a current ratio of 0.94.

Realogy (NYSE:RLGYGet Rating) last issued its earnings results on Thursday, April 28th. The financial services provider reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.07). The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.52 billion. Realogy had a return on equity of 14.24% and a net margin of 4.13%. Realogy’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 earnings per share. On average, analysts predict that Realogy will post 2.2 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its stake in shares of Realogy by 3.7% in the fourth quarter. Victory Capital Management Inc. now owns 33,952 shares of the financial services provider’s stock valued at $571,000 after acquiring an additional 1,210 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Realogy by 0.5% in the fourth quarter. First Trust Advisors LP now owns 257,913 shares of the financial services provider’s stock valued at $4,336,000 after acquiring an additional 1,375 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Realogy by 6.3% in the first quarter. Teacher Retirement System of Texas now owns 23,822 shares of the financial services provider’s stock valued at $374,000 after acquiring an additional 1,418 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Realogy by 8.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 19,139 shares of the financial services provider’s stock valued at $300,000 after acquiring an additional 1,478 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of Realogy by 1.7% in the first quarter. Great West Life Assurance Co. Can now owns 106,791 shares of the financial services provider’s stock valued at $1,723,000 after acquiring an additional 1,742 shares in the last quarter.

Realogy Company Profile (Get Rating)

Realogy Holdings Corp., through its subsidiaries, provides residential real estate services. It operates through three segments: Realogy Franchise Group, and Realogy Brokerage Group. The Realogy Franchise Group segment franchises its residential real estate brokerages under the Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, Sotheby's International Realty, and Better Homes and Gardens Real Estate brand names.

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