RE/MAX (RMAX) Upgraded to Neutral at Compass Point

Compass Point upgraded shares of RE/MAX (NYSE:RMAX) from a sell rating to a neutral rating in a research note issued to investors on Friday.

RMAX has been the topic of several other research reports. BidaskClub cut shares of RE/MAX from a strong-buy rating to a buy rating in a research note on Wednesday, November 1st. J P Morgan Chase & Co cut shares of RE/MAX from a neutral rating to an underweight rating and set a $51.00 target price on the stock. in a research note on Friday, December 15th. Zacks Investment Research raised shares of RE/MAX from a sell rating to a hold rating in a research note on Wednesday, November 8th. Craig Hallum initiated coverage on shares of RE/MAX in a research note on Wednesday, August 30th. They set a buy rating and a $75.00 target price on the stock. Finally, Piper Jaffray Companies reissued a buy rating and set a $69.00 price target on shares of RE/MAX in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $61.43.

Shares of RE/MAX (NYSE RMAX) traded up $2.30 on Friday, reaching $48.60. 210,788 shares of the company’s stock traded hands, compared to its average volume of 148,662. RE/MAX has a 52 week low of $45.55 and a 52 week high of $67.50. The company has a debt-to-equity ratio of 3.29, a quick ratio of 10.83 and a current ratio of 10.83. The firm has a market cap of $819.33, a PE ratio of 37.10, a PEG ratio of 3.46 and a beta of 0.80.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, November 14th. This represents a $0.72 annualized dividend and a dividend yield of 1.48%. RE/MAX’s payout ratio is 54.96%.

Hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in RE/MAX by 17.5% in the 2nd quarter. Victory Capital Management Inc. now owns 3,150 shares of the financial services provider’s stock valued at $177,000 after buying an additional 470 shares during the period. Sei Investments Co. raised its holdings in RE/MAX by 36.3% in the 2nd quarter. Sei Investments Co. now owns 3,410 shares of the financial services provider’s stock valued at $192,000 after buying an additional 909 shares during the period. Aperio Group LLC purchased a new stake in RE/MAX in the 2nd quarter valued at about $211,000. PEAK6 Investments L.P. raised its holdings in RE/MAX by 66.5% in the 3rd quarter. PEAK6 Investments L.P. now owns 3,320 shares of the financial services provider’s stock valued at $211,000 after buying an additional 1,326 shares during the period. Finally, Piedmont Investment Advisors LLC purchased a new stake in RE/MAX in the 2nd quarter valued at about $215,000.

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About RE/MAX

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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