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Altisource Residential Corp (NASDAQ:RESI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Monday. The firm currently has a $24.60 price target on the stock. Zacks‘s target price suggests a potential upside of 2.46% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Compass Point cut their price target on shares of Altisource Residential Corp from $38.00 to $36.00 in a research note on Tuesday, August 5th. Separately, analysts at Keefe, Bruyette & Woods upgraded shares of Altisource Residential Corp from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $32.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Altisource Residential Corp in a research note on Wednesday, July 23rd. They now have a $35.00 price target on the stock, down previously from $36.00. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $32.27.

Altisource Residential Corp (NASDAQ:RESI) traded up 1.29% on Monday, hitting $24.32. The stock had a trading volume of 226,138 shares. Altisource Residential Corp has a 52-week low of $18.69 and a 52-week high of $35.05. The stock has a 50-day moving average of $24.91 and a 200-day moving average of $27.51. The company has a market cap of $1.390 billion and a P/E ratio of 7.48.

Altisource Residential Corp (NASDAQ:RESI) last released its earnings data on Tuesday, July 22nd. The company reported $1.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.65 by $0.53. The company had revenue of $116.04 million for the quarter, compared to the consensus estimate of $78.21 million. Altisource Residential Corp’s revenue was up 1218.2% compared to the same quarter last year. Analysts expect that Altisource Residential Corp will post $3.27 EPS for the current fiscal year.

Altisource Residential Corporation is a development-stage company engaged in the acquisition and ownership of single-family rental assets.

To view Zacks’ full report, visit Zacks’ official website.

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