Re/Max Holdings Inc (RMAX) Receives $61.67 Average PT from Analysts
Shares of Re/Max Holdings Inc (NYSE:RMAX) have received an average rating of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $61.67.
Several equities analysts have recently weighed in on RMAX shares. BidaskClub raised Re/Max from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 20th. Piper Jaffray Companies reissued a “buy” rating and set a $69.00 target price on shares of Re/Max in a research report on Wednesday, November 1st. Zacks Investment Research raised Re/Max from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. JPMorgan Chase & Co. downgraded Re/Max from a “neutral” rating to an “underweight” rating and set a $51.00 target price on the stock. in a research report on Friday, December 15th. Finally, Compass Point raised Re/Max from a “sell” rating to a “neutral” rating in a research report on Friday, December 22nd.
Re/Max (NYSE RMAX) traded down $0.75 during midday trading on Friday, hitting $45.50. The stock had a trading volume of 20,334 shares, compared to its average volume of 139,589. The company has a market cap of $808.71, a P/E ratio of 24.97, a P/E/G ratio of 3.10 and a beta of 0.76. The company has a current ratio of 10.83, a quick ratio of 10.83 and a debt-to-equity ratio of 3.29. Re/Max has a 52-week low of $43.85 and a 52-week high of $67.50.
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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