Realogy (NYSE:RLGY) was downgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a report released on Friday, MarketBeat Ratings reports. They currently have a $28.00 price objective on the financial services provider’s stock. J P Morgan Chase & Co’s price target would suggest a potential upside of 7.20% from the company’s current price.
A number of other analysts have also recently commented on RLGY. BidaskClub cut shares of Realogy from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Zacks Investment Research raised shares of Realogy from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Wednesday, September 27th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $38.00 target price on shares of Realogy in a research note on Friday, September 29th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $33.00 price objective on shares of Realogy in a research note on Friday, November 3rd. Finally, Citigroup dropped their price objective on shares of Realogy from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, November 6th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.44.
Realogy (RLGY) traded down $0.30 during mid-day trading on Friday, hitting $26.12. 2,016,000 shares of the stock were exchanged, compared to its average volume of 1,307,261. The stock has a market capitalization of $3,540.00, a PE ratio of 16.62, a P/E/G ratio of 0.85 and a beta of 1.32. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.41. Realogy has a twelve month low of $25.14 and a twelve month high of $35.18.
In other Realogy news, Director Duncan L. Niederauer acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was bought at an average price of $26.47 per share, with a total value of $132,350.00. Following the purchase, the director now owns 25,141 shares in the company, valued at $665,482.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its holdings in Realogy by 0.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,153 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 17 shares during the last quarter. Gotham Asset Management LLC boosted its holdings in Realogy by 0.7% in the 2nd quarter. Gotham Asset Management LLC now owns 12,170 shares of the financial services provider’s stock valued at $395,000 after purchasing an additional 90 shares during the last quarter. M&T Bank Corp boosted its holdings in Realogy by 0.5% in the 2nd quarter. M&T Bank Corp now owns 24,955 shares of the financial services provider’s stock valued at $810,000 after purchasing an additional 134 shares during the last quarter. Comerica Bank boosted its holdings in Realogy by 3.3% in the 2nd quarter. Comerica Bank now owns 7,944 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 257 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Realogy by 1.3% in the 2nd quarter. Royal Bank of Canada now owns 33,316 shares of the financial services provider’s stock valued at $1,081,000 after purchasing an additional 417 shares during the last quarter.
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Realogy Company Profile
Realogy Holdings Corp. is an integrated provider of residential real estate services in the United States. The Company is the franchisor of residential real estate brokerages with some of the recognized brands in the real estate industry, the owner of United States residential real estate brokerage offices, the global provider of outsourced employee relocation services and a provider of title and settlement services.
