Realogy (RLGY) Cut to “C+” at TheStreet

TheStreet downgraded shares of Realogy (NYSE:RLGY) from a b- rating to a c+ rating in a research report report published on Monday morning.

A number of other equities research analysts also recently commented on RLGY. Piper Jaffray Companies reaffirmed a buy rating and set a $36.00 target price on shares of Realogy in a report on Friday, December 22nd. Zacks Investment Research raised Realogy from a hold rating to a buy rating and set a $39.00 price target for the company in a report on Wednesday, September 27th. Keefe, Bruyette & Woods downgraded Realogy from an outperform rating to a market perform rating and set a $38.00 price target for the company. in a report on Tuesday, October 10th. BidaskClub raised Realogy from a hold rating to a buy rating in a report on Thursday, October 5th. Finally, Citigroup decreased their price target on Realogy from $40.00 to $37.00 and set a buy rating for the company in a report on Monday, November 6th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $34.78.

Shares of Realogy (NYSE:RLGY) opened at $27.55 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.41. Realogy has a twelve month low of $25.14 and a twelve month high of $35.18. The company has a market capitalization of $3,620.00, a PE ratio of 16.50, a P/E/G ratio of 0.74 and a beta of 1.33.

Realogy (NYSE:RLGY) last released its earnings results on Friday, November 3rd. The financial services provider reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.10). Realogy had a return on equity of 9.08% and a net margin of 3.86%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the firm earned $0.74 EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. analysts expect that Realogy will post 1.55 EPS for the current fiscal year.

In other Realogy news, Director Duncan L. Niederauer bought 5,000 shares of Realogy stock in a transaction dated Monday, November 27th. The stock was acquired at an average cost of $26.47 per share, with a total value of $132,350.00. Following the purchase, the director now directly owns 25,141 shares in the company, valued at approximately $665,482.27. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Federated Investors Inc. PA acquired a new position in shares of Realogy during the 2nd quarter worth approximately $101,000. Mckinley Capital Management LLC Delaware acquired a new position in shares of Realogy during the 2nd quarter worth approximately $119,000. PNC Financial Services Group Inc. raised 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 buying an additional 17 shares during the period. Tocqueville Asset Management L.P. acquired a new position in shares of Realogy during the 3rd quarter worth approximately $201,000. Finally, Petrus Trust Company LTA acquired a new position in shares of Realogy during the 2nd quarter worth approximately $202,000.

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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.

Analyst Recommendations for Realogy (NYSE:RLGY)

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