ReMax Holdings Now Covered by JPMorgan Chase & Co. (RMAX)
Equities research analysts at JPMorgan Chase & Co. assumed coverage on shares of ReMax Holdings (NASDAQ:RMAX) in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $30.00 price target on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 5.86% from the stock’s previous close.
The analysts wrote, “We are initiating coverage on RMAX with a Neutral rating and year-end 2014 price target of $30/share. We think the company’s leading franchise brand should experience improving agent-count in what we see as an ongoing housing recovery. That said, strong post-IPO stock performance has captured a good deal of the upside.”
Separately, analysts at RBC Capital initiated coverage on shares of ReMax Holdings in a research note to investors on Monday. They set an “outperform” rating and a $33.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. ReMax Holdings has an average rating of “Buy” and a consensus target price of $31.50.
ReMax Holdings (NASDAQ:RMAX) traded down 2.48% on Monday, hitting $28.34. 333,612 shares of the company’s stock traded hands. The stock’s 50-day moving average is $0. and its 200-day moving average is $0.. The company’s market cap is $286.4 million.
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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