Redfin Corporation’s (RDFN) “Hold” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their hold rating on shares of Redfin Corporation (NASDAQ:RDFN) in a report released on Monday. The brokerage currently has a $28.00 price objective on the stock.

Several other brokerages also recently commented on RDFN. CIBC initiated coverage on Redfin Corporation in a research note on Tuesday, August 22nd. They issued an outperform rating and a $31.00 target price for the company. Bank of America Corporation restated a neutral rating and issued a $28.00 target price on shares of Redfin Corporation in a research note on Tuesday, August 22nd. Piper Jaffray Companies initiated coverage on Redfin Corporation in a research note on Thursday, September 28th. They issued a neutral rating and a $26.00 target price for the company. William Blair initiated coverage on Redfin Corporation in a research note on Thursday, October 19th. They issued an outperform rating for the company. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Redfin Corporation in a research note on Tuesday, August 22nd. They issued a neutral rating and a $20.00 target price for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Redfin Corporation presently has an average rating of Hold and a consensus price target of $26.86.

Redfin Corporation (NASDAQ:RDFN) last issued its earnings results on Thursday, September 7th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $104.90 million during the quarter, compared to the consensus estimate of $104.78 million. The business’s quarterly revenue was up 35.0% on a year-over-year basis.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The correct version of this news story can be read at https://www.com-unik.info/2017/11/02/redfin-corporations-rdfn-hold-rating-reiterated-at-royal-bank-of-canada.html.

Institutional investors and hedge funds have recently modified their holdings of the company. Nationwide Fund Advisors bought a new stake in shares of Redfin Corporation during the 3rd quarter valued at about $285,000. First Trust Advisors LP bought a new stake in shares of Redfin Corporation during the 3rd quarter valued at about $1,548,000. Finally, Baillie Gifford & Co. bought a new stake in shares of Redfin Corporation during the 3rd quarter valued at about $15,442,000. Hedge funds and other institutional investors own 0.97% of the company’s stock.

About Redfin Corporation

Redfin Corporation is engaged in providing residential real estate brokerage services. The customer can search for homes by neighborhood, city or MLS number, or can refine results using detailed parameters, such as price and number of beds or baths. The Company serves home buyers and sellers. The Company offers online tools to consumers, including Redfin Estimate, which is an automated home-valuation tool.

Analyst Recommendations for Redfin Corporation (NASDAQ:RDFN)

What are top analysts saying about Redfin Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Redfin Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit