Altisource Residential Corp Reaches New 12-Month High at $32.62 (RESI)
Altisource Residential Corp (NASDAQ:RESI)’s share price reached a new 52-week high on Tuesday, American Banking News.com reports. The company traded as high as $32.62 and last traded at $32.01, with a volume of 1,523,397 shares traded. The stock had previously closed at $29.82.
A number of analysts have recently weighed in on RESI shares. Analysts at Zacks upgraded shares of Altisource Residential Corp from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, December 17th. They now have a $32.80 price target on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of Altisource Residential Corp in a research note to investors on Wednesday, November 27th. They set a “buy” rating and a $31.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Altisource Residential Corp from $25.00 to $27.00 in a research note to investors on Wednesday, October 23rd. They now have a “market perform” rating on the stock. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $29.63.
Altisource Residential Corp has a 52-week low of $15.41 and a 52-week high of $31.90. The stock has a 50-day moving average of $29.80 and a 200-day moving average of $23.51. The company’s market cap is $1.355 billion.
Altisource Residential Corp (NASDAQ:RESI) last announced its earnings results on Tuesday, October 22nd. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters 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 $0.83 earnings per share for the current fiscal year.
Altisource Residential Corporation is a development-stage company engaged in the acquisition and ownership of single-family rental assets.
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