JMP Securities upgraded shares of Re/Max (NYSE:RMAX) from a market perform rating to an outperform rating in a research note published on Monday morning, BenzingaRatingsTable reports. They currently have $40.00 target price on the financial services provider’s stock.

Several other equities research analysts also recently weighed in on the company. Craig Hallum upgraded Re/Max from a hold rating to a buy rating and set a $35.00 price target on the stock in a report on Wednesday, August 21st. Compass Point downgraded Re/Max from a buy rating to a neutral rating and cut their price target for the stock from $42.00 to $31.00 in a report on Tuesday, August 6th. Stephens upped their price target on Re/Max from $31.00 to $37.00 and gave the stock an equal weight rating in a report on Monday, August 5th. TheStreet downgraded Re/Max from a b- rating to a c+ rating in a report on Tuesday, May 28th. Finally, Zacks Investment Research downgraded Re/Max from a hold rating to a sell rating in a report on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Re/Max has an average rating of Hold and an average target price of $39.67.

RMAX stock opened at $27.67 on Monday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 3.07. The company has a market capitalization of $485.95 million, a PE ratio of 13.70 and a beta of 1.19. Re/Max has a 12-month low of $24.67 and a 12-month high of $45.80. The business’s fifty day moving average price is $26.75 and its 200 day moving average price is $33.21.

Re/Max (NYSE:RMAX) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.06. The firm had revenue of $71.40 million for the quarter, compared to the consensus estimate of $72.26 million. Re/Max had a return on equity of 73.12% and a net margin of 11.03%. The company’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 EPS. Research analysts predict that Re/Max will post 1.9 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.21 per share. The ex-dividend date was Tuesday, August 13th. This represents a $0.84 annualized dividend and a yield of 3.04%. Re/Max’s dividend payout ratio (DPR) is 41.58%.

Large investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its position in shares of Re/Max by 48.1% during the 1st quarter. Advisory Services Network LLC now owns 1,105 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 359 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Re/Max by 36.1% during the 1st quarter. Bank of Montreal Can now owns 1,969 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 522 shares in the last quarter. Tyers Asset Management LLC boosted its position in shares of Re/Max by 22.0% during the 2nd quarter. Tyers Asset Management LLC now owns 2,576 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 464 shares in the last quarter. Elkfork Partners LLC boosted its position in shares of Re/Max by 22.0% during the 2nd quarter. Elkfork Partners LLC now owns 3,542 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 638 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Re/Max by 363.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,271 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 2,565 shares in the last quarter.

About Re/Max

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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Analyst Recommendations for Re/Max (NYSE:RMAX)

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