RE/MAX (RMAX) Stock Rating Upgraded by Compass Point
RE/MAX (NYSE:RMAX) was upgraded by research analysts at Compass Point from a “sell” rating to a “neutral” rating in a report issued on Friday.
A number of other equities research analysts have also recently issued reports on RMAX. Zacks Investment Research upgraded shares of RE/MAX from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. BidaskClub upgraded shares of RE/MAX from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 20th. Craig Hallum initiated coverage on shares of RE/MAX in a research note on Wednesday, August 30th. They issued a “buy” rating and a $75.00 target price for the company. Piper Jaffray Companies reiterated a “buy” rating and issued a $69.00 target price on shares of RE/MAX in a research note on Wednesday, November 1st. Finally, J P Morgan Chase & Co cut shares of RE/MAX from a “neutral” rating to an “underweight” rating and set a $51.00 price target for the company. in a research note on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. RE/MAX has a consensus rating of “Hold” and a consensus price target of $61.43.
RE/MAX (NYSE RMAX) opened at $48.60 on Friday. The company has a current ratio of 10.83, a quick ratio of 10.83 and a debt-to-equity ratio of 3.29. The company has a market cap of $819.33, a price-to-earnings ratio of 37.10, a price-to-earnings-growth ratio of 3.46 and a beta of 0.80. RE/MAX has a 1 year low of $45.55 and a 1 year high of $67.50.
Institutional investors have recently modified their holdings of the stock. American Century Companies Inc. bought a new position in shares of RE/MAX during the second quarter worth $4,529,000. Dimensional Fund Advisors LP lifted its position in RE/MAX by 8.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 682,427 shares of the financial services provider’s stock valued at $43,369,000 after acquiring an additional 54,283 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in RE/MAX by 2.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,549,517 shares of the financial services provider’s stock valued at $86,851,000 after acquiring an additional 37,840 shares in the last quarter. Renaissance Technologies LLC lifted its position in RE/MAX by 5.6% in the 2nd quarter. Renaissance Technologies LLC now owns 681,900 shares of the financial services provider’s stock valued at $38,220,000 after acquiring an additional 36,400 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in RE/MAX in the 3rd quarter valued at $2,202,000.
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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