RealPage Lowered to “Sector Perform” at RBC Capital (RP)
RealPage (NYSE:RP) was downgraded by equities researchers at RBC Capital from an “outperform” rating to a “sector perform” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $22.00 price target on the stock, down from their previous price target of $28.00. RBC Capital’s price target suggests a potential upside of 6.18% from the company’s current price.
Separately, analysts at TheStreet downgraded shares of RealPage from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $20.33.
RealPage (NYSE:RP) traded down 22.64% during mid-day trading on Tuesday, hitting $16.03. 12,288,386 shares of the company’s stock traded hands. RealPage has a 1-year low of $15.40 and a 1-year high of $26.34. The stock has a 50-day moving average of $21.13 and a 200-day moving average of $22.53. The company has a market cap of $1.245 billion and a price-to-earnings ratio of 71.45.
RealPage (NYSE:RP) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.17 by $0.01. The company had revenue of $96.40 million for the quarter, compared to the consensus estimate of $103.55 million. Analysts expect that RealPage will post $0.60 EPS for the current fiscal year.
RealPage, Inc, incorporated on December 30, 2003, is a provider of on demand software solutions for the rental housing industry.
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