ReMax Holdings Coverage Initiated by Analysts at Merrill Lynch (RMAX)
Investment analysts at Merrill Lynch initiated coverage on shares of ReMax Holdings (NASDAQ:RMAX) in a note issued to investors on Monday, American Banking and Market News reports. The firm set a “buy” rating and a $33.00 price target on the stock. Merrill Lynch’s price target suggests a potential upside of 16.44% from the company’s current price.
Shares of ReMax Holdings (NASDAQ:RMAX) traded down 2.48% during mid-day trading on Monday, hitting $28.34. 333,612 shares of the company’s stock traded hands. The stock has a 50-day moving average of $0. and a 200-day moving average of $0.. The company’s market cap is $286.4 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley initiated coverage on shares of ReMax Holdings in a research note to investors on Monday. They set an “equal weight” rating on the stock. Separately, analysts at Bank of America Corp. initiated coverage on shares of ReMax Holdings in a research note to investors on Monday. They set a “buy” rating on the stock. Finally, analysts at William Blair initiated coverage on shares of ReMax Holdings in a research note to investors on Monday. They set an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. ReMax Holdings currently has an average rating of “Buy” and an average price target of $32.00.
Re/Max Holdings, Inc is a franchisor of real estate brokerage services. Its business is to recruit and retain agents and sell franchises.
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