Piper Jaffray Companies Reiterates “Buy” Rating for Realogy Holdings Corp. (RLGY)

Realogy Holdings Corp. (NYSE:RLGY)‘s stock had its “buy” rating reaffirmed by equities researchers at Piper Jaffray Companies in a research report issued to clients and investors on Friday, November 3rd. They presently have a $33.00 target price on the financial services provider’s stock. Piper Jaffray Companies’ price objective suggests a potential upside of 25.05% from the stock’s current price.

Several other brokerages have also recently issued reports on RLGY. Deutsche Bank AG set a $42.00 price target on shares of Realogy Holdings Corp. and gave the company a “buy” rating in a research report on Tuesday, August 8th. BidaskClub upgraded shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $38.00 price target on shares of Realogy Holdings Corp. in a research report on Thursday, August 10th. Barclays PLC upped their price target on shares of Realogy Holdings Corp. from $23.00 to $24.00 and gave the company an “underweight” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research upgraded shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $35.25.

Shares of Realogy Holdings Corp. (RLGY) traded down $0.04 during trading hours on Friday, reaching $26.39. 825,022 shares of the company traded hands, compared to its average volume of 1,260,286. The company has a market cap of $3,564.65, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 0.86 and a beta of 1.38. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.94 and a current ratio of 0.94. Realogy Holdings Corp. has a fifty-two week low of $23.82 and a fifty-two week high of $35.18.

Realogy Holdings Corp. (NYSE:RLGY) last announced its quarterly earnings results on Friday, November 3rd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.10). Realogy Holdings Corp. had a net margin of 3.86% and a return on equity of 9.08%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the company posted $0.74 earnings per share. The company’s revenue was up 1.8% compared to the same quarter last year. equities analysts predict that Realogy Holdings Corp. will post 1.55 earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of RLGY. Federated Investors Inc. PA acquired a new stake in Realogy Holdings Corp. in the second quarter worth $101,000. Mckinley Capital Management LLC Delaware acquired a new stake in Realogy Holdings Corp. in the second quarter worth $119,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in Realogy Holdings Corp. by 310.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,100 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 3,100 shares during the period. PNC Financial Services Group Inc. grew its holdings in Realogy Holdings Corp. by 2.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,136 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 86 shares during the period. Finally, Tocqueville Asset Management L.P. acquired a new stake in Realogy Holdings Corp. in the third quarter worth $201,000.

Realogy Holdings Corp. 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.

Analyst Recommendations for Realogy Holdings Corp. (NYSE:RLGY)

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