JPMorgan Chase & Co. Reaffirms Neutral Rating for Re/Max Holdings (RMAX)
Re/Max Holdings (NASDAQ:RMAX)‘s stock had its “neutral” rating restated by research analysts at JPMorgan Chase & Co. in a note issued to investors on Monday. They currently have a $31.00 price objective on the stock, up from their previous price objective of $30.00. JPMorgan Chase & Co.’s target price points to a potential upside of 2.58% from the company’s current price.
Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Re/Max Holdings in a research note on Tuesday, June 3rd. They now have a $35.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $33.00.
Re/Max Holdings (NASDAQ:RMAX) traded up 3.19% on Monday, hitting $31.12. 238,409 shares of the company’s stock traded hands. Re/Max Holdings has a 52-week low of $25.40 and a 52-week high of $33.54. The stock has a 50-day moving average of $29.13 and a 200-day moving average of $29.14. The company has a market cap of $360.3 million and a price-to-earnings ratio of 42.42.
Re/Max Holdings (NASDAQ:RMAX) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.09. The company had revenue of $42.30 million for the quarter, compared to the consensus estimate of $39.20 million.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Monday, August 18th.
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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