The stock of Realogy Holdings Corp (NYSE:RLGY) reached all time low today, Oct, 13 and still has $22.87 target or 8.00% below today’s $24.86 share price. This indicates more downside for the $3.59B company. This technical setup was reported by Barchart.com. If the $22.87 PT is reached, the company will be worth $287.20M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 710,675 shares traded hands. Realogy Holdings Corp (NYSE:RLGY) has declined 24.19% since March 10, 2016 and is downtrending. It has underperformed by 31.71% the S&P500.
Analysts await Realogy Holdings Corp (NYSE:RLGY) to report earnings on November, 3. They expect $0.77 earnings per share, up 2.67% or $0.02 from last year’s $0.75 per share. RLGY’s profit will be $111.19 million for 8.07 P/E if the $0.77 EPS becomes a reality. After $0.74 actual earnings per share reported by Realogy Holdings Corp for the previous quarter, Wall Street now forecasts 4.05% EPS growth.
Realogy Holdings Corp (NYSE:RLGY) Ratings Coverage
Out of 9 analysts covering Realogy Holdings Corporation (NYSE:RLGY), 4 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. Realogy Holdings Corporation has been the topic of 19 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Wednesday, October 28 by Compass Point. Goldman Sachs downgraded Realogy Holdings Corp (NYSE:RLGY) on Monday, August 3 to “Neutral” rating. The company was upgraded on Wednesday, January 6 by Credit Suisse. The firm has “Buy” rating by Citigroup given on Friday, October 2. The stock of Realogy Holdings Corp (NYSE:RLGY) has “Neutral” rating given on Thursday, October 6 by Wedbush. On Thursday, June 2 the stock rating was maintained by Citigroup with “Buy”. The stock of Realogy Holdings Corp (NYSE:RLGY) earned “Neutral” rating by JP Morgan on Wednesday, February 24. Citigroup maintained the stock with “Buy” rating in Monday, August 22 report. Compass Point maintained the stock with “Neutral” rating in Tuesday, January 5 report. Zelman downgraded the stock to “” rating in Thursday, February 25 report.
According to Zacks Investment Research, “Realogy Holdings Corp. is a provider of real estate services. The Company through its subsidiaries provides real estate brokerage services, relocation services, and title and settlement services. The Company’s brands and business units include Better Homes and Gardens(R) Real Estate, CENTURY 21(R), Coldwell Banker(R), Coldwell Banker Commercial(R), The Corcoran Group(R), ERA(R), Sotheby’s International Realty(R), NRT LLC, Cartus and Title Resource Group. Realogy Holdings Corp. is headquartered in Parsippany, New Jersey.”
Insitutional Activity: The institutional sentiment decreased to 1.03 in Q2 2016. Its down 0.09, from 1.12 in 2016Q1. The ratio turned negative, as 38 funds sold all Realogy Holdings Corp shares owned while 82 reduced positions. 34 funds bought stakes while 89 increased positions. They now own 140.84 million shares or 0.53% less from 141.58 million shares in 2016Q1.
Credit Suisse Ag holds 0.01% or 220,796 shares in its portfolio. Westpac Corp has 0% invested in the company for 7,889 shares. Envestnet Asset Mgmt owns 2,343 shares or 0% of their US portfolio. Shell Asset Mgmt, a Netherlands-based fund reported 6,851 shares. Seven Eight Ltd Liability Company holds 0.64% of its portfolio in Realogy Holdings Corp (NYSE:RLGY) for 63,900 shares. Creative Planning has 500 shares for 0% of their US portfolio. The California-based Rbf Cap Ltd has invested 0.47% in Realogy Holdings Corp (NYSE:RLGY). Soros Fund Mgmt Limited Co last reported 325,000 shares in the company. Signaturefd Lc last reported 78 shares in the company. Blackstone Gp Limited Partnership owns 326,917 shares or 0.04% of their US portfolio. Analytic Ltd last reported 0.02% of its portfolio in the stock. Proshare Advsr Limited Liability Corp accumulated 38,044 shares or 0.01% of the stock. California Employees Retirement Sys owns 344,900 shares or 0.02% of their US portfolio. Omega Advsr has invested 0.25% of its portfolio in Realogy Holdings Corp (NYSE:RLGY). Nomura Asset Mngmt Limited has 0.01% invested in the company for 16,730 shares.
Insider Transactions: Since May 11, 2016, the stock had 1 buying transaction, and 0 sales for $76,775 net activity. WILLIAMS MICHAEL J bought $76,775 worth of Realogy Holdings Corp (NYSE:RLGY) on Wednesday, May 11.
More news for Realogy Holdings Corp (NYSE:RLGY) were recently published by: Therealdeal.com, which released: “Realogy weathers â€œchallengingâ€ Q2, vows to fight rivals’ rampant agent poaching” on August 04, 2016. Prnewswire.com‘s article titled: “Realogy Franchise Group Appoints Carter Murdoch as Senior Vice President of …” and published on July 13, 2016 is yet another important article.
RLGY Company Profile
Realogy Holdings Corp., incorporated on December 14, 2006, is an integrated well-known provider of residential real estate services in the United States. The Firm is the franchisor of residential real estate brokerages with some brands in the real estate industry; owner of the United States residential real estate brokerage offices; well-known provider of outsourced employee relocation services, and a well-known provider of title and settlement services. The Firm has four operating divisions: Real Estate Franchise Services (RFG), Company Owned Real Estate Brokerage Services (NRT), Relocation Services (Cartus), and Title and Settlement Services (TRG).
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