According to Zacks, “Re/Max Holdings, Inc. is a franchisor of real estate brokerage services. Re/Max Holdings, Inc. is based in Denver, CO. “
Other research analysts also recently issued reports about the company. Morgan Stanley set a $39.00 price objective on Re/Max and gave the company a “buy” rating in a research note on Monday, March 18th. Compass Point started coverage on Re/Max in a report on Thursday, January 24th. They issued a “neutral” rating and a $40.00 price target on the stock. Bank of America cut Re/Max to a “sell” rating and set a $56.00 price target on the stock. in a report on Thursday, December 20th. Finally, TheStreet raised Re/Max from a “c” rating to a “b-” rating in a report on Monday, March 11th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Re/Max has an average rating of “Hold” and a consensus price target of $50.71.
Re/Max (NYSE:RMAX) last announced its quarterly earnings data on Thursday, February 21st. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.41. The company had revenue of $50.84 million during the quarter, compared to the consensus estimate of $50.56 million. Re/Max had a return on equity of 84.43% and a net margin of 12.72%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. On average, sell-side analysts expect that Re/Max will post 2.04 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC purchased a new position in Re/Max in the 4th quarter worth approximately $64,000. Quantamental Technologies LLC purchased a new position in Re/Max in the 4th quarter worth approximately $102,000. Public Employees Retirement System of Ohio purchased a new position in Re/Max in the 4th quarter worth approximately $172,000. Metropolitan Life Insurance Co. NY lifted its holdings in Re/Max by 307.1% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,013 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 4,536 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund purchased a new position in Re/Max in the 4th quarter worth approximately $208,000. 99.57% of the stock is currently owned by institutional investors.
RE/MAX Holdings, Inc operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company offers its real estate franchise services under the RE/MAX brand name; and mortgage brokerage services under the Motto Mortgage brand. It also provides real estate technology solutions.
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