Realogy (NYSE:RLGY) Stock Rating Upgraded by Evercore ISI

Realogy (NYSE:RLGY) was upgraded by stock analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a note issued to investors on Friday, Marketbeat.com reports. The brokerage presently has a $13.00 price target on the financial services provider’s stock. Evercore ISI’s target price would suggest a potential upside of 43.49% from the stock’s current price.

Several other research firms have also commented on RLGY. Susquehanna Bancshares cut their price target on shares of Realogy from $8.00 to $3.00 and set a “neutral” rating on the stock in a report on Monday, April 6th. ValuEngine lowered shares of Realogy from a “sell” rating to a “strong sell” rating in a report on Thursday, July 23rd. Compass Point upgraded shares of Realogy from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Wednesday, April 29th. Keefe, Bruyette & Woods cut their price target on shares of Realogy from $10.00 to $5.00 and set a “market perform” rating on the stock in a report on Wednesday, May 13th. Finally, Zacks Investment Research upgraded shares of Realogy from a “sell” rating to a “hold” rating in a report on Wednesday, July 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Realogy presently has an average rating of “Hold” and a consensus target price of $9.00.

Shares of RLGY stock traded up $0.26 during trading hours on Friday, hitting $9.06. 4,353,322 shares of the company were exchanged, compared to its average volume of 1,822,470. The firm has a market cap of $1.05 billion, a PE ratio of -1.76 and a beta of 2.78. Realogy has a 1 year low of $2.09 and a 1 year high of $13.88. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 2.24. The firm has a fifty day moving average of $7.56 and a 200 day moving average of $7.03.

Realogy (NYSE:RLGY) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.30. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Realogy had a negative net margin of 11.19% and a positive return on equity of 4.46%. During the same period in the prior year, the firm posted $0.83 EPS. Analysts expect that Realogy will post -0.12 earnings per share for the current year.

A number of large investors have recently modified their holdings of the business. Mason Street Advisors LLC grew its position in Realogy by 2.6% in the fourth quarter. Mason Street Advisors LLC now owns 39,826 shares of the financial services provider’s stock valued at $386,000 after acquiring an additional 1,007 shares in the last quarter. Amalgamated Bank grew its position in shares of Realogy by 11.3% during the fourth quarter. Amalgamated Bank now owns 19,693 shares of the financial services provider’s stock worth $191,000 after buying an additional 1,994 shares in the last quarter. World Asset Management Inc grew its position in shares of Realogy by 12.3% during the second quarter. World Asset Management Inc now owns 19,853 shares of the financial services provider’s stock worth $147,000 after buying an additional 2,167 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Realogy by 1.0% during the first quarter. Wells Fargo & Company MN now owns 294,744 shares of the financial services provider’s stock worth $888,000 after buying an additional 2,849 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of Realogy by 1.3% during the first quarter. Swiss National Bank now owns 221,800 shares of the financial services provider’s stock worth $668,000 after buying an additional 2,900 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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Analyst Recommendations for Realogy (NYSE:RLGY)

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