BidaskClub Upgrades Realogy Holdings Corp. (RLGY) to Buy

Realogy Holdings Corp. (NYSE:RLGY) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, August 9th.

Several other equities analysts have also recently weighed in on the company. Deutsche Bank AG set a $42.00 price objective on Realogy Holdings Corp. and gave the company a “buy” rating in a research note on Tuesday, August 8th. Piper Jaffray Companies restated a “buy” rating and set a $40.00 price objective on shares of Realogy Holdings Corp. in a research note on Friday, August 4th. Barclays PLC raised their price objective 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 cut Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Wedbush raised their price objective on Realogy Holdings Corp. from $32.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $35.56.

Shares of Realogy Holdings Corp. (NYSE:RLGY) traded down 0.50% on Wednesday, reaching $33.85. 775,648 shares of the company’s stock were exchanged. The stock has a market cap of $4.61 billion, a P/E ratio of 19.73 and a beta of 1.40. The company’s 50 day moving average price is $33.59 and its 200-day moving average price is $30.28. 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 quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. Realogy Holdings Corp. had a net margin of 4.06% and a return on equity of 9.53%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the firm posted $0.74 EPS. Realogy Holdings Corp.’s revenue was up 7.9% compared to the same quarter last year. Equities analysts forecast that Realogy Holdings Corp. will post $1.73 EPS for the current fiscal year.

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In other news, SVP Timothy B. Gustavson sold 3,093 shares of Realogy Holdings Corp. stock in a transaction 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 in the company, valued at approximately $303,282.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

A number of large investors have recently made changes to their positions in RLGY. Federated Investors Inc. PA purchased a new stake in shares of Realogy Holdings Corp. during the second quarter worth about $101,000. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Realogy Holdings Corp. during the second quarter worth about $119,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of 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 in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of 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 in the last quarter. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Realogy Holdings Corp. during the first quarter worth about $134,000.

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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