The stock of Realogy Holdings Corp (NYSE:RLGY) reached all time low today, Oct, 17 and still has $22.58 target or 7.00% below today’s $24.28 share price. This indicates more downside for the $3.48 billion company. This technical setup was reported by Barchart.com. If the $22.58 PT is reached, the company will be worth $243.60 million 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 1.64M shares traded hands or 23.31% up from the average. Realogy Holdings Corp (NYSE:RLGY) has declined 27.91% since March 14, 2016 and is downtrending. It has underperformed by 33.52% 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 $110.36 million for 7.88 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 “Buy” rating on Friday, May 13 by Compass Point. Citigroup upgraded the stock to “Buy” rating in Friday, October 2 report. The firm earned “Neutral” rating on Tuesday, March 15 by JP Morgan. On Tuesday, November 24 the stock rating was maintained by Compass Point with “Neutral”. The firm earned “Neutral” rating on Wednesday, February 24 by JP Morgan. Compass Point maintained the stock with “Buy” rating in Friday, August 5 report. As per Thursday, October 6, the company rating was initiated by Wedbush. The firm has “Neutral” rating by Compass Point given on Wednesday, October 28. The stock of Realogy Holdings Corp (NYSE:RLGY) earned “Buy” rating by Citigroup on Thursday, June 2. The company was downgraded on Monday, August 3 by Goldman Sachs.
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 is 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.
Morgan Stanley holds 0% of its portfolio in Realogy Holdings Corp (NYSE:RLGY) for 302,528 shares. River Road Asset Management Limited Liability Corporation last reported 52,729 shares in the company. The New York-based Pinebridge Investments Limited Partnership has invested 0.01% in Realogy Holdings Corp (NYSE:RLGY). Clearbridge Invests Limited Co holds 0.07% or 2.15 million shares in its portfolio. Blackrock Gru Ltd accumulated 879,265 shares or 0.01% of the stock. Rhumbline Advisers owns 107,069 shares or 0.01% of their US portfolio. Andalusian Capital Partners L P owns 81,400 shares or 5.2% of their US portfolio. Moreover, Signaturefd Lc has 0% invested in Realogy Holdings Corp (NYSE:RLGY) for 78 shares. Los Angeles Capital Mgmt & Equity accumulated 0.18% or 750,885 shares. Livforsakringsbolaget Skandia Omsesidigt has 0.02% invested in the company for 15,579 shares. Us State Bank De holds 3,896 shares or 0% of its portfolio. Legal & General Public Limited Com holds 0% of its portfolio in Realogy Holdings Corp (NYSE:RLGY) for 133,892 shares. Cipher Capital Limited Partnership has 60,002 shares for 0.12% of their US portfolio. Montag A And Assoc reported 53,050 shares or 0.2% of all its holdings. Advisors Asset Mngmt last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since May 11, 2016, the stock had 1 insider purchase, and 0 sales for $76,775 net activity. On Wednesday, May 11 WILLIAMS MICHAEL J bought $76,775 worth of the stock or 2,500 shares.
More important recent Realogy Holdings Corp (NYSE:RLGY) news were published by: Prnewswire.com which released: “Realogy To Release Third Quarter 2016 Financial Results And Host Webcast On …” on October 13, 2016, also Forbes.com published article titled: “Relative Strength Alert For Realogy Holdings”, Prnewswire.com published: “Realogy Franchise Group Appoints Carter Murdoch as Senior Vice President of …” on July 13, 2016. More interesting news about Realogy Holdings Corp (NYSE:RLGY) was released by: Therealdeal.com and their article: “Realogy weathers â€œchallengingâ€ Q2, vows to fight rivals’ rampant agent poaching” with publication date: August 04, 2016.
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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