StockNews.com Begins Coverage on Realogy (NYSE:RLGY)

Posted by on Jun 18th, 2022

Equities researchers at StockNews.com started coverage on shares of Realogy (NYSE:RLGY – Get Rating) in a research note issued to investors on Saturday. The firm set a “hold” rating on the financial services provider’s stock.

A number of other equities research analysts also recently commented on the company. TheStreet downgraded Realogy from a “b-” rating to a “c” rating in a report on Thursday, April 28th. JPMorgan Chase & Co. lifted their price target on Realogy from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 2nd. Finally, Barclays lifted their price target on Realogy from $17.00 to $19.00 in a research note on Tuesday, February 22nd. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $23.00.

Realogy has a 1 year low of $9.72 and a 1 year high of $21.03. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.39. The firm has a fifty day moving average price of $12.38 and a two-hundred day moving average price of $15.10. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 4.35 and a beta of 2.46.

Realogy (NYSE:RLGY – Get Rating) last released its earnings results on Thursday, April 28th. The financial services provider reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.07). Realogy had a net margin of 4.13% and a return on equity of 14.24%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the business posted $0.34 EPS. Realogy’s revenue was up 5.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Realogy will post 2.2 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of RLGY. Angelo Gordon & CO. L.P. purchased a new stake in Realogy during the 1st quarter worth about $22,616,000. Norges Bank purchased a new stake in Realogy during the 4th quarter worth about $20,274,000. Southeastern Asset Management Inc. TN grew its holdings in Realogy by 8.2% in the 4th quarter. Southeastern Asset Management Inc. TN now owns 11,906,920 shares of the financial services provider’s stock valued at $200,156,000 after buying an additional 897,905 shares during the period. BlackRock Inc. grew its holdings in Realogy by 2.7% in the 4th quarter. BlackRock Inc. now owns 22,217,259 shares of the financial services provider’s stock valued at $373,472,000 after buying an additional 592,809 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Realogy by 47.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,777,209 shares of the financial services provider’s stock valued at $27,867,000 after buying an additional 572,912 shares during the period.

About Realogy (Get Rating)

Realogy Holdings Corp., through its subsidiaries, provides residential real estate services. It operates through three segments: Realogy Franchise Group, and Realogy Brokerage Group. The Realogy Franchise Group segment franchises its residential real estate brokerages under the Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, Sotheby's International Realty, and Better Homes and Gardens Real Estate brand names.

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