Realogy (NYSE:RLGY) Given New $5.00 Price Target at Barclays

Realogy (NYSE:RLGY) had its price objective reduced by Barclays from $9.00 to $5.00 in a report released on Thursday, The Fly reports. They currently have an underweight rating on the financial services provider’s stock.

RLGY has been the subject of a number of other research reports. JPMorgan Chase & Co. lowered their price objective on Realogy from $14.00 to $12.00 and set an underweight rating for the company in a research note on Thursday, April 4th. Stephens upgraded Redfin from an underweight rating to an overweight rating and lifted their price objective for the company from $18.00 to $23.00 in a research note on Monday, June 10th. Zacks Investment Research upgraded HB Fuller from a sell rating to a hold rating in a research note on Wednesday, July 3rd. Finally, Compass Point upgraded Realogy from a sell rating to a neutral rating in a research note on Monday, July 8th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Realogy presently has an average rating of Hold and an average target price of $12.00.

Shares of NYSE:RLGY opened at $5.59 on Thursday. The company’s fifty day moving average is $6.98. The stock has a market capitalization of $655.58 million, a PE ratio of 3.73 and a beta of 1.71. Realogy has a 12-month low of $5.45 and a 12-month high of $24.87. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.83.

Realogy (NYSE:RLGY) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.67) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.67). The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Realogy had a return on equity of 6.82% and a net margin of 1.76%. The firm’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.38) earnings per share. Sell-side analysts predict that Realogy will post 1.05 EPS for the current fiscal year.

In other Realogy news, CEO Ryan M. Schneider purchased 119,300 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average price of $8.38 per share, for a total transaction of $999,734.00. Following the completion of the purchase, the chief executive officer now directly owns 352,761 shares of the company’s stock, valued at $2,956,137.18. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Realogy during the first quarter valued at $25,000. NumerixS Investment Technologies Inc increased its position in Realogy by 40.4% during the first quarter. NumerixS Investment Technologies Inc now owns 8,000 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 2,300 shares during the last quarter. Weiss Asset Management LP purchased a new stake in Realogy during the first quarter valued at $135,000. Allstate Corp purchased a new stake in Realogy during the first quarter valued at $157,000. Finally, Twin Tree Management LP increased its position in Realogy by 898.0% during the first quarter. Twin Tree Management LP now owns 15,190 shares of the financial services provider’s stock valued at $173,000 after acquiring an additional 13,668 shares during the last quarter.

Realogy 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.

See Also: Earnings Reports

The Fly

Analyst Recommendations for Realogy (NYSE:RLGY)

Receive News & Ratings for Realogy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realogy and related companies with MarketBeat.com's FREE daily email newsletter.