Altisource Residential Corp Upgraded to “Outperform” by Zacks (RESI)
Altisource Residential Corp (NASDAQ:RESI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Wednesday, Analyst Ratings Network reports. The firm currently has a $35.70 price target on the stock. Zacks‘ price target would indicate a potential upside of 16.36% from the company’s current price.
Shares of Altisource Residential Corp (NASDAQ:RESI) traded down 2.12% on Wednesday, hitting $30.03. 524,443 shares of the company’s stock traded hands. Altisource Residential Corp has a 1-year low of $15.41 and a 1-year high of $35.05. The stock has a 50-day moving average of $30.63 and a 200-day moving average of $25.78. The company’s market cap is $1.697 billion.
A number of other analysts have also recently weighed in on RESI. Analysts at Deutsche Bank raised their price target on shares of Altisource Residential Corp from $31.00 to $37.00 in a research note on Friday, January 17th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Altisource Residential Corp has an average rating of “Buy” and a consensus target price of $31.12.
Altisource Residential Corporation is a development-stage company engaged in the acquisition and ownership of single-family rental assets.
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