Realogy Holdings Corp. (NYSE:RLGY) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of Realogy Holdings Corp. (NYSE:RLGY) from a hold rating to a buy rating in a research report sent to investors on Thursday, October 5th.

Several other research firms have also recently commented on RLGY. Barclays PLC lifted their target price on Realogy Holdings Corp. from $23.00 to $24.00 and gave the company an underweight rating in a research note on Friday, August 4th. Zacks Investment Research raised Realogy Holdings Corp. 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 reaffirmed a buy rating and set a $38.00 price objective on shares of Realogy Holdings Corp. in a research note on Thursday, August 10th. TheStreet raised Realogy Holdings Corp. from a c+ rating to a b rating in a research note on Wednesday, August 9th. Finally, Wedbush lifted their price objective on Realogy Holdings Corp. from $32.00 to $37.00 and gave the stock an outperform rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $34.75.

Realogy Holdings Corp. (RLGY) traded up 0.72% during trading on Thursday, reaching $32.19. 46,394 shares of the company’s stock were exchanged. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 18.76 and a beta of 1.39. The stock has a 50-day moving average price of $33.73 and a 200 day moving average price of $32.08. Realogy Holdings Corp. has a 52 week low of $21.43 and a 52 week high of $35.18.

Realogy Holdings Corp. (NYSE:RLGY) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.03. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.73 billion. Realogy Holdings Corp. had a return on equity of 9.53% and a net margin of 4.06%. Realogy Holdings Corp.’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned $0.74 EPS. Equities research analysts forecast that Realogy Holdings Corp. will post $1.72 earnings per share for the current fiscal year.

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In other Realogy Holdings Corp. news, SVP Timothy B. Gustavson sold 3,093 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $34.84, for a total value of $107,760.12. Following the sale, the senior vice president now owns 8,705 shares in the company, valued at $303,282.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in shares of Realogy Holdings Corp. by 0.4% in the second 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 grew its position in shares of Realogy Holdings Corp. by 0.7% in the second 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. New York State Teachers Retirement System grew its position in shares of Realogy Holdings Corp. by 0.8% in the first quarter. New York State Teachers Retirement System now owns 12,900 shares of the financial services provider’s stock valued at $384,000 after purchasing an additional 100 shares during the last quarter. M&T Bank Corp grew its position in shares of Realogy Holdings Corp. by 0.5% in the second 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. Finally, Comerica Bank grew its position in Realogy Holdings Corp. by 3.3% during the second quarter. Comerica Bank now owns 7,944 shares of the financial services provider’s stock worth $267,000 after buying an additional 257 shares in the last quarter.

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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