The stock of Realogy Holdings Corp (NYSE:RLGY) hit a new 52-week low and has $22.63 target or 9.00% below today’s $24.87 share price. The 6 months bearish chart indicates high risk for the $3.59 billion company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $22.63 price target is reached, the company will be worth $323.10 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 583,981 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 $111.15M 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 earned “Neutral” rating on Wednesday, February 24 by JP Morgan. The rating was upgraded by Compass Point on Friday, May 13 to “Buy”. The firm earned “Neutral” rating on Wednesday, January 6 by Credit Suisse. The stock has “Neutral” rating given by Compass Point on Wednesday, October 28. The rating was maintained by Citigroup with “Buy” on Thursday, June 2. The stock of Realogy Holdings Corp (NYSE:RLGY) earned “Overweight” rating by Piper Jaffray on Monday, November 2. The rating was maintained by Citigroup on Monday, August 22 with “Buy”. The firm has “Market Perform” rating given on Thursday, March 31 by Wood. The stock of Realogy Holdings Corp (NYSE:RLGY) has “Neutral” rating given on Tuesday, January 5 by Compass Point. Wedbush initiated Realogy Holdings Corp (NYSE:RLGY) on Thursday, October 6 with “Neutral” rating.
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 2016 Q2. 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.
State Of Wisconsin Investment Board holds 0.02% or 143,740 shares in its portfolio. Quantbot Technologies Lp has 7,539 shares for 0.02% of their US portfolio. D E Shaw And holds 5.22 million shares or 0.28% of its portfolio. Swiss Financial Bank accumulated 0.02% or 411,400 shares. Glenview Capital Management Ltd Liability Company, a New York-based fund reported 6.00M shares. Profund Advsrs Ltd has invested 0.01% of its portfolio in Realogy Holdings Corp (NYSE:RLGY). Park Presidio Cap Limited Liability Company has 1.43M shares for 6.46% of their US portfolio. Bokf Na owns 65,648 shares or 0.07% of their US portfolio. The New York-based Cipher L P has invested 0.12% in Realogy Holdings Corp (NYSE:RLGY). Plante Moran Advsr Limited Liability Co accumulated 0% or 91 shares. Engineers Gate Manager Lp reported 128,884 shares or 0.27% of all its holdings. Natl Bank Of Montreal Can, a Ontario – Canada-based fund reported 212,199 shares. First Quadrant L P Ca has 0% invested in the company for 163 shares. Dekabank Deutsche Girozentrale accumulated 0% or 4,188 shares. Legal General Public Ltd Co accumulated 133,892 shares or 0% of the stock.
Insider Transactions: Since May 11, 2016, the stock had 1 buying transaction, and 0 insider sales for $76,775 net activity. $76,775 worth of Realogy Holdings Corp (NYSE:RLGY) was bought by WILLIAMS MICHAEL J.
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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