Keefe, Bruyette & Woods Reiterates “Buy” Rating for Realogy Holdings Corp. (NYSE:RLGY)

Realogy Holdings Corp. (NYSE:RLGY)‘s stock had its “buy” rating reaffirmed by Keefe, Bruyette & Woods in a report issued on Thursday. They currently have a $38.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 12.16% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Compass Point downgraded Realogy Holdings Corp. from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $31.00 to $32.00 in a research report on Tuesday, May 9th. Zacks Investment Research downgraded Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. BidaskClub raised Realogy Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Deutsche Bank AG raised Realogy Holdings Corp. from a “hold” rating to a “buy” rating and lifted their target price for the stock from $32.00 to $38.00 in a research report on Monday, May 15th. Finally, TheStreet raised Realogy Holdings Corp. from a “c+” rating to a “b-” rating in a research report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Realogy Holdings Corp. has a consensus rating of “Buy” and an average price target of $35.56.

Realogy Holdings Corp. (NYSE:RLGY) opened at 33.88 on Thursday. Realogy Holdings Corp. has a 12-month low of $21.43 and a 12-month high of $35.18. The firm’s 50-day moving average price is $33.25 and its 200-day moving average price is $29.98. The company has a market cap of $4.62 billion, a P/E ratio of 19.74 and a beta of 1.40.

Realogy Holdings Corp. (NYSE:RLGY) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. Realogy Holdings Corp. had a return on equity of 9.53% and a net margin of 4.06%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the company posted $0.74 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts expect that Realogy Holdings Corp. will post $1.71 EPS for the current year.

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In other Realogy Holdings Corp. news, SVP Timothy B. Gustavson sold 3,093 shares of Realogy Holdings Corp. stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $34.84, for a total transaction of $107,760.12. Following the sale, the senior vice president now directly owns 8,705 shares of the company’s stock, valued at $303,282.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Federated Investors Inc. PA bought a new stake in Realogy Holdings Corp. during the second quarter worth $101,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake 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 buying an additional 3,100 shares during the last quarter. PNC Financial Services Group Inc. increased its stake 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 buying an additional 86 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in Realogy Holdings Corp. during the first quarter worth $134,000. Finally, Westpac Banking Corp bought a new stake in Realogy Holdings Corp. during the first quarter worth $220,000.

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.

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