JMP Securities Increases Altisource Residential Corp Price Target to $35.00 (RESI)
Analysts at JMP Securities upped their price target on shares of Altisource Residential Corp (NASDAQ:RESI) from $27.00 to $35.00 in a research report issued to clients and investors on Wednesday, AnalystRatings.NET reports. JMP Securities’ price objective indicates a potential upside of 32.63% from the stock’s previous close.
Altisource Residential Corp (NASDAQ:RESI) traded down 0.26% on Wednesday, hitting $26.39. The stock had a trading volume of 193,345 shares. Altisource Residential Corp has a 1-year low of $15.05 and a 1-year high of $21.00. The stock’s 50-day moving average is $19.3 and its 200-day moving average is $18.79. The company’s market cap is $662.0 million.
Altisource Residential Corp (NASDAQ:RESI) last released its earnings data on Tuesday, October 22nd. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.48. The company had revenue of $19.59 million for the quarter, compared to the consensus estimate of $17.49 million. On average, analysts predict that Altisource Residential Corp will post $0.89 earnings per share for the current fiscal year.
RESI has been the subject of a number of other recent research reports. Analysts at Credit Suisse raised their price target on shares of Altisource Residential Corp from $25.00 to $28.00 in a research note to investors on Wednesday. Separately, analysts at Keefe, Bruyette & Woods initiated coverage on shares of Altisource Residential Corp in a research note to investors on Tuesday, October 15th. They set a “market perform” rating on the stock.
Altisource Residential Corporation is a development-stage company engaged in the acquisition and ownership of single-family rental assets.
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