Realogy Holdings Corp (RLGY) was Upgraded by Compass Point to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 40 from a previous price target of $35 . Earlier the firm had a rating of “Neutral ” on the company shares. Compass Point advised their investors in a research report released on May 13, 2016.
Many Wall Street Analysts have commented on Realogy Holdings Corp. Keefe Bruyette Initiated Realogy Holdings Corp on Mar 31, 2016 to “Mkt Perform”, Price Target of the shares are set at $37.50.Realogy Holdings Corp was Downgraded by JP Morgan to ” Neutral” on Feb 24, 2016.
On the company’s financial health, Realogy Holdings Corp reported $-0.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $-0.10. The company had revenue of $1134.00 million for the quarter, compared to analysts expectations of $1134.93 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.22 EPS.
Realogy Holdings Corp opened for trading at $30.5 and hit $31.31 on the upside on Tuesday, eventually ending the session at $31.01, with a gain of 1.74% or 0.53 points. The heightened volatility saw the trading volume jump to 27,48,365 shares. Company has a market cap of $4,528 M.
In a different news, on May 12, 2016, Michael J Williams (director) purchased 2,500 shares at $30.71 per share price. According to the SEC, on Mar 2, 2016, Duncan L Niederauer (director) purchased 6,950 shares at $31.99 per share price. On Sep 10, 2015, Anthony E Hull (CFO) purchased 2,500 shares at $40.40 per share price, according to the Form-4 filing with the securities and exchange commission.
Realogy Holdings Corp. is a franchisor of residential real estate brokerages and a provider of outsourced employee relocation and title and settlement services in the United States. The Company has four operating segments: Real Estate Franchise Services (RFG) Company Owned Real Estate Brokerage Services (NRT) Relocation Services (Cartus) and Title and Settlement Services (TRG). The RFG segment is a franchisor of residential real estate brokerage services. The NRT segment owns and operates a residential real estate brokerage business in the United States. The Cartus segment provides outsourced employee relocation services. The TRG segment provides full-service title and settlement services to its clients. The Company’s portfolio of brokerage brands includes Century 21 Coldwell Banker Coldwell Banker Commercial ERA Sotheby’s International Realty Better Homes and Gardens Real Estate The Corcoran Group ZipRealty and Citi Habitats.