Goldman Sachs Group Inc. Upgrades Realogy Holdings Corp. to “Buy” (RLGY)
Realogy Holdings Corp. (NYSE:RLGY) was upgraded by stock analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating in a report issued on Monday, TheFlyOnTheWall.com reports.
Shares of Realogy Holdings Corp. (NYSE:RLGY) traded up 2.74% during mid-day trading on Monday, hitting $44.22. The stock had a trading volume of 426,054 shares. Realogy Holdings Corp. has a 52 week low of $32.50 and a 52 week high of $55.28. The stock’s 50-day moving average is $43.21 and its 200-day moving average is $47.14. The company’s market cap is $6.457 billion.
Realogy Holdings Corp. (NYSE:RLGY) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.22. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.49 billion. Realogy Holdings Corp.’s revenue was up 17.1% compared to the same quarter last year.
A number of other analysts have also recently weighed in on RLGY. Analysts at Barclays Capital cut their price target on shares of Realogy Holdings Corp. from $55.00 to $53.00 in a research note to investors on Monday, September 23rd. They now have an “equal weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $50.86.
Realogy Holdings Corp., formerly Domus Holdings Corp., is a holding company for its wholly owned subsidiary, Domus Intermediate Holdings Corp.
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