Zacks Investment Research lowered shares of Re/Max (NYSE:RMAX) from a hold rating to a sell rating in a research note released on Wednesday, Zacks.com reports.

According to Zacks, “Re/Max Holdings, Inc. is a franchisor of real estate brokerage services. Re/Max Holdings, Inc. is based in Denver, CO. “

RMAX has been the subject of a number of other reports. TheStreet raised shares of Re/Max from a c rating to a b- rating in a report on Monday, March 11th. Morgan Stanley set a $39.00 target price on shares of Re/Max and gave the company a buy rating in a report on Monday, March 18th. Compass Point assumed coverage on shares of Re/Max in a report on Thursday, January 24th. They issued a neutral rating and a $40.00 target price for the company. Finally, Bank of America cut shares of Re/Max to a sell rating and set a $56.00 target price for the company. in a report on Thursday, December 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $50.71.

NYSE RMAX opened at $40.96 on Wednesday. The stock has a market cap of $727.20 million, a P/E ratio of 20.28, a PEG ratio of 2.85 and a beta of 0.88. Re/Max has a 52-week low of $27.84 and a 52-week high of $58.25. The company has a debt-to-equity ratio of 2.87, a current ratio of 5.40 and a quick ratio of 5.40.

Re/Max (NYSE:RMAX) last posted its quarterly earnings results on Thursday, February 21st. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. Re/Max had a net margin of 12.72% and a return on equity of 84.43%. The firm had revenue of $50.84 million during the quarter, compared to analysts’ expectations of $50.56 million. During the same period in the prior year, the company posted $0.45 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, sell-side analysts predict that Re/Max will post 2.04 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in RMAX. O Shaughnessy Asset Management LLC acquired a new position in shares of Re/Max in the 4th quarter valued at $64,000. Quantamental Technologies LLC acquired a new position in shares of Re/Max in the 4th quarter valued at $102,000. Jefferies Group LLC purchased a new position in shares of Re/Max in the 3rd quarter valued at $247,000. Public Employees Retirement System of Ohio purchased a new position in shares of Re/Max in the 4th quarter valued at $172,000. Finally, Marshall Wace LLP purchased a new position in shares of Re/Max in the 3rd quarter valued at $252,000. Hedge funds and other institutional investors own 99.57% of the company’s stock.

Re/Max Company Profile

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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