Piper Jaffray Companies reissued their buy rating on shares of RE/MAX Holdings, Inc. (NYSE:RMAX) in a research report released on Wednesday morning. Piper Jaffray Companies currently has a $69.00 target price on the financial services provider’s stock.
Several other equities research analysts have also recently weighed in on RMAX. Zacks Investment Research cut shares of RE/MAX Holdings from a hold rating to a sell rating in a research report on Tuesday, July 11th. BidaskClub cut shares of RE/MAX Holdings from a buy rating to a hold rating in a research report on Thursday, July 27th. Stephens cut shares of RE/MAX Holdings from an overweight rating to an equal weight rating and set a $66.00 price target on the stock. in a research report on Monday, August 7th. Finally, Craig Hallum started coverage on shares of RE/MAX Holdings in a research report on Wednesday, August 30th. They issued a buy rating and a $75.00 price target on the stock. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. RE/MAX Holdings presently has an average rating of Hold and a consensus target price of $64.67.
Shares of RE/MAX Holdings (RMAX) opened at $52.65 on Wednesday. The stock has a market cap of $931.75, a P/E ratio of 28.77, a PEG ratio of 3.94 and a beta of 0.93. The company has a current ratio of 10.83, a quick ratio of 10.83 and a debt-to-equity ratio of 3.29. RE/MAX Holdings has a 1 year low of $42.65 and a 1 year high of $67.50.
RE/MAX Holdings (NYSE:RMAX) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. RE/MAX Holdings had a net margin of 12.45% and a return on equity of 79.94%. The company had revenue of $48.82 million for the quarter, compared to analysts’ expectations of $48.29 million. During the same quarter in the previous year, the business posted $0.46 earnings per share. RE/MAX Holdings’s quarterly revenue was up 12.5% on a year-over-year basis. sell-side analysts expect that RE/MAX Holdings will post 1.91 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.37%. The ex-dividend date is Tuesday, November 14th. RE/MAX Holdings’s payout ratio is 54.96%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in RE/MAX Holdings by 27,449.3% during the first quarter. BlackRock Inc. now owns 2,300,092 shares of the financial services provider’s stock worth $136,741,000 after buying an additional 2,291,743 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in RE/MAX Holdings by 2.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,549,517 shares of the financial services provider’s stock worth $86,851,000 after buying an additional 37,840 shares during the period. Van Berkom & Associates Inc. boosted its stake in RE/MAX Holdings by 0.4% during the second quarter. Van Berkom & Associates Inc. now owns 1,125,326 shares of the financial services provider’s stock worth $63,075,000 after buying an additional 4,320 shares during the period. Vanguard Group Inc. boosted its stake in RE/MAX Holdings by 2.7% during the second quarter. Vanguard Group Inc. now owns 879,079 shares of the financial services provider’s stock worth $49,272,000 after buying an additional 23,117 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in RE/MAX Holdings by 5.6% during the second quarter. Renaissance Technologies LLC now owns 681,900 shares of the financial services provider’s stock worth $38,220,000 after buying an additional 36,400 shares during the period.
About RE/MAX Holdings
RE/MAX Holdings, Inc is a franchisor in the real estate industry, franchising real estate brokerages around the world under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. The Company is a franchised business, with all of the RE/MAX branded brokerage office locations being operated by franchisees, including RE/MAX, LLC, which owns the RE/MAX brand, and sells franchises and franchising rights; Independent Regional Franchise Owner, which owns rights to sell brokerage franchises in a specified region; Franchisee (or Broker-Owner), which operates a RE/MAX-branded brokerage office, lists properties and recruits agents, and Agent (or Sales Associate), including branded independent contractors operating out of local franchise brokerage offices.
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