JPMorgan Chase & Co. Boosts Realogy (NYSE:RLGY) Price Target to $10.00

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Realogy (NYSE:RLGY) had its target price upped by JPMorgan Chase & Co. from $9.00 to $10.00 in a research note issued to investors on Tuesday morning, BenzingaRatingsTable reports. JPMorgan Chase & Co. currently has an underweight rating on the financial services provider’s stock.

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

Shares of RLGY stock traded up $0.71 during trading on Tuesday, reaching $10.46. 3,897,005 shares of the company’s stock traded hands, compared to its average volume of 3,361,375. The company has a market capitalization of $1.16 billion, a P/E ratio of 6.97 and a beta of 1.80. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.80. The firm’s 50-day moving average is $9.39 and its 200 day moving average is $7.07. Realogy has a 1 year low of $4.33 and a 1 year high of $19.19.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BB&T Securities LLC purchased a new stake in shares of Realogy in the second quarter worth $470,000. Acadian Asset Management LLC raised its holdings in shares of Realogy by 62.8% in the 2nd quarter. Acadian Asset Management LLC now owns 343,357 shares of the financial services provider’s stock valued at $2,487,000 after acquiring an additional 132,455 shares in the last quarter. Comerica Bank boosted its position in shares of Realogy by 47.1% during the 2nd quarter. Comerica Bank now owns 110,070 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 35,221 shares during the last quarter. Thompson Investment Management Inc. boosted its position in shares of Realogy by 25.3% during the 2nd quarter. Thompson Investment Management Inc. now owns 29,700 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Penserra Capital Management LLC grew its holdings in shares of Realogy by 25.0% during the third quarter. Penserra Capital Management LLC now owns 5,720 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 1,144 shares in 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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