RE/MAX Holdings, Inc. (NYSE:RMAX) has received an average rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $63.80.

Several equities analysts have recently weighed in on RMAX shares. Craig Hallum started coverage on RE/MAX Holdings in a research report on Wednesday, August 30th. They set a “buy” rating and a $75.00 target price on the stock. Zacks Investment Research downgraded RE/MAX Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. BidaskClub downgraded RE/MAX Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Piper Jaffray Companies started coverage on RE/MAX Holdings in a research report on Thursday, September 28th. They set an “overweight” rating and a $69.00 target price on the stock.

RE/MAX Holdings (NYSE:RMAX) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.06. The firm had revenue of $48.82 million for the quarter, compared to the consensus estimate of $48.29 million. RE/MAX Holdings had a return on equity of 79.94% and a net margin of 12.45%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.08%. The ex-dividend date is Tuesday, November 14th. RE/MAX Holdings’s dividend payout ratio (DPR) is presently 54.96%.

In other RE/MAX Holdings news, President Geoffrey D. Lewis sold 1,200 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $60.00, for a total value of $72,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.58% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of RMAX. BlackRock Inc. grew its position in shares of RE/MAX Holdings by 27,449.3% during the 1st quarter. BlackRock Inc. now owns 2,300,092 shares of the financial services provider’s stock worth $136,741,000 after buying an additional 2,291,743 shares in the last quarter. Teachers Advisors LLC grew its position in shares of RE/MAX Holdings by 428.7% during the 1st quarter. Teachers Advisors LLC now owns 155,769 shares of the financial services provider’s stock worth $9,260,000 after buying an additional 126,307 shares in the last quarter. American Century Companies Inc. bought a new position in shares of RE/MAX Holdings during the 2nd quarter worth $4,529,000. Vanguard Group Inc. grew its position in shares of RE/MAX Holdings by 9.7% during the 1st quarter. Vanguard Group Inc. now owns 855,962 shares of the financial services provider’s stock worth $50,887,000 after buying an additional 75,595 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of RE/MAX Holdings by 10.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 606,702 shares of the financial services provider’s stock worth $36,067,000 after buying an additional 58,603 shares in the last quarter.

ILLEGAL ACTIVITY NOTICE: This piece was originally posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/11/02/remax-holdings-inc-rmax-given-average-recommendation-of-hold-by-brokerages.html.

RE/MAX Holdings Company Profile

RE/MAX Holdings, Inc is a franchisor in the real estate industry, franchising real estate brokerages around the world under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. The Company is a franchised business, with all of the RE/MAX branded brokerage office locations being operated by franchisees, including RE/MAX, LLC, which owns the RE/MAX brand, and sells franchises and franchising rights; Independent Regional Franchise Owner, which owns rights to sell brokerage franchises in a specified region; Franchisee (or Broker-Owner), which operates a RE/MAX-branded brokerage office, lists properties and recruits agents, and Agent (or Sales Associate), including branded independent contractors operating out of local franchise brokerage offices.

Analyst Recommendations for RE/MAX Holdings (NYSE:RMAX)

Receive News & Ratings for RE/MAX Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RE/MAX Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.