Realogy (NYSE:RLGY) PT Raised to $10.00 at JPMorgan Chase & Co.

Realogy (NYSE:RLGY) had its price objective lifted by stock analysts at JPMorgan Chase & Co. from $9.00 to $10.00 in a research note issued to investors on Tuesday, BenzingaRatingsTable reports. The firm presently has an “underweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 4.40% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Compass Point set a $7.00 price objective on shares of Realogy and gave the company a “hold” rating in a research report on Friday, August 9th. Zacks Investment Research cut shares of Realogy from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Susquehanna Bancshares downgraded shares of Realogy from a “neutral” rating to a “negative” rating and reduced their price target for the company from $7.00 to $6.00 in a report on Monday, November 11th. ValuEngine upgraded shares of Realogy from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Evercore ISI reissued a “hold” rating and set a $9.00 price objective on shares of Realogy in a report on Monday, November 11th. Four analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $7.50.

NYSE:RLGY opened at $10.46 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.80. The business’s 50-day simple moving average is $9.23 and its two-hundred day simple moving average is $7.04. The stock has a market cap of $1.20 billion, a PE ratio of 6.97 and a beta of 1.80. Realogy has a 52 week low of $4.33 and a 52 week high of $19.67.

Realogy (NYSE:RLGY) last released its earnings results on Thursday, November 7th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.18). Realogy had a positive return on equity of 4.38% and a negative net margin of 2.09%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. Sell-side analysts anticipate that Realogy will post 1.01 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in RLGY. PNC Financial Services Group Inc. boosted its stake in shares of Realogy by 0.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,153 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 17 shares during the period. Gotham Asset Management LLC boosted its position in shares of Realogy by 0.7% during the second quarter. Gotham Asset Management LLC now owns 12,170 shares of the financial services provider’s stock valued at $395,000 after buying an additional 90 shares during the period. New York State Teachers Retirement System boosted its position in shares of Realogy by 0.8% during the fourth quarter. New York State Teachers Retirement System now owns 12,800 shares of the financial services provider’s stock valued at $329,000 after buying an additional 100 shares during the period. M&T Bank Corp boosted its position in shares of Realogy by 0.5% during the second quarter. M&T Bank Corp now owns 24,955 shares of the financial services provider’s stock valued at $810,000 after buying an additional 134 shares during the period. Finally, Comerica Bank grew its stake in shares of Realogy by 3.3% during the second quarter. Comerica Bank now owns 7,944 shares of the financial services provider’s stock valued at $267,000 after buying an additional 257 shares during the last quarter.

About Realogy

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.

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