Resideo Technologies, Inc. (NYSE:REZI) Receives $34.67 Average PT from Brokerages

Resideo Technologies, Inc. (NYSE:REZI) has earned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $34.6667.

REZI has been the subject of a number of recent research reports. Zacks Research cut shares of Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a research note on Thursday, January 22nd. Finally, Wall Street Zen cut shares of Resideo Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th.

Institutional Trading of Resideo Technologies

Large investors have recently bought and sold shares of the stock. Larson Financial Group LLC lifted its holdings in shares of Resideo Technologies by 283.8% during the third quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after acquiring an additional 420 shares during the period. ORG Partners LLC increased its position in shares of Resideo Technologies by 588.2% during the 3rd quarter. ORG Partners LLC now owns 585 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Resideo Technologies by 1,778.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 620 shares of the company’s stock valued at $27,000 after purchasing an additional 587 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Resideo Technologies in the fourth quarter valued at about $25,000. Finally, Danske Bank A S grew its stake in Resideo Technologies by 600.0% during the fourth quarter. Danske Bank A S now owns 700 shares of the company’s stock worth $25,000 after buying an additional 600 shares during the last quarter. 91.71% of the stock is currently owned by institutional investors.

Resideo Technologies Price Performance

Shares of REZI stock opened at $36.79 on Monday. The company has a market capitalization of $5.51 billion, a P/E ratio of -7.86 and a beta of 1.73. The company has a current ratio of 1.88, a quick ratio of 1.07 and a debt-to-equity ratio of 1.38. Resideo Technologies has a 12 month low of $14.18 and a 12 month high of $45.29. The stock has a 50 day moving average of $35.91 and a two-hundred day moving average of $36.16.

Resideo Technologies Company Profile

Resideo Technologies, Inc, headquartered in Austin, Texas, is a global provider of home comfort, security and energy management solutions. Formed as an independent company in 2018 following its spin-off from Honeywell, Resideo leverages decades of engineering experience to deliver connected products and services to residential and light commercial customers.

The company’s core offerings include smart thermostats, security systems, video doorbells, water leak and freeze detection devices, and indoor air quality monitors.