The stock of Re Max Holdings Inc (NYSE:RMAX) hit a new 52-week high and has $52.62 target or 4.00% above today’s $50.60 share price. The 7 months bullish chart indicates low risk for the $886.51M company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $52.62 price target is reached, the company will be worth $35.46M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 131,286 shares traded hands or 47.94% up from the average. Re Max Holdings Inc (NYSE:RMAX) has risen 32.83% since April 26, 2016 and is uptrending. It has outperformed by 27.57% the S&P500.
Analysts await Re Max Holdings Inc (NYSE:RMAX) to report earnings on February, 23. They expect $0.37 earnings per share, down 2.63% or $0.01 from last year’s $0.38 per share. RMAX’s profit will be $6.48 million for 34.19 P/E if the $0.37 EPS becomes a reality. After $0.48 actual earnings per share reported by Re Max Holdings Inc for the previous quarter, Wall Street now forecasts -22.92% negative EPS growth.
Re Max Holdings Inc (NYSE:RMAX) Ratings Coverage
Out of 4 analysts covering RE/MAX Holdings (NYSE:RMAX), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. RE/MAX Holdings has been the topic of 5 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Thursday, March 31 by Wood. The stock of Re Max Holdings Inc (NYSE:RMAX) has “Market Underperform” rating given on Tuesday, August 11 by JMP Securities. The rating was downgraded by Morgan Stanley on Wednesday, August 19 to “Equal Weight”. JMP Securities upgraded the shares of RMAX in a report on Wednesday, November 18 to “Mkt Perform” rating. The stock of Re Max Holdings Inc (NYSE:RMAX) has “Neutral” rating given on Wednesday, August 19 by Compass Point.
According to Zacks Investment Research, “Re/Max Holdings, Inc. is a franchisor of real estate brokerage services. Re/Max Holdings, Inc. is based in Denver, CO.”
Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.58, from 1.55 in 2016Q1. The ratio worsened, as 15 funds sold all Re Max Holdings Inc shares owned while 34 reduced positions. 18 funds bought stakes while 58 increased positions. They now own 18.14 million shares or 1.53% more from 17.87 million shares in 2016Q1.
Springbok Cap Mgmt Lc owns 100 shares or 0% of their US portfolio. Da Davidson And Co holds 0% or 4,213 shares in its portfolio. Pinebridge Invests Ltd Partnership has invested 0% of its portfolio in Re Max Holdings Inc (NYSE:RMAX). Dimensional Fund Advsrs L P owns 395,025 shares or 0.01% of their US portfolio. Stifel Fin has 0% invested in the company for 16,514 shares. Alliancebernstein L P has 0% invested in the company for 22,800 shares. Ameriprise Fincl reported 84,500 shares or 0% of all its holdings. The Virginia-based Bb&T Secs Limited Liability has invested 0.01% in Re Max Holdings Inc (NYSE:RMAX). Vanguard Gru Incorporated Inc accumulated 731,388 shares or 0% of the stock. The Texas-based Bridgeway Cap has invested 0.02% in Re Max Holdings Inc (NYSE:RMAX). The Massachusetts-based Geode Cap Mgmt Ltd Liability Co has invested 0% in Re Max Holdings Inc (NYSE:RMAX). Renaissance Techs Limited Liability Co holds 0.04% of its portfolio in Re Max Holdings Inc (NYSE:RMAX) for 466,500 shares. The United Kingdom-based Marshall Wace Llp has invested 0.01% in Re Max Holdings Inc (NYSE:RMAX). Legal And General Group Public Limited Co holds 0% or 2,002 shares in its portfolio. Blackrock Institutional Co Na reported 568,708 shares or 0% of all its holdings.
Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 1 sale for $48,800 net activity. LEWIS GEOFFREY D had sold 750 shares worth $30,750 on Thursday, June 2.
More news for Re Max Holdings Inc (NYSE:RMAX) were recently published by: Prnewswire.com, which released: “RE/MAX Holdings, Inc. Launches Motto Mortgage” on October 25, 2016. 9News.com‘s article titled: “Re/Max buying a big operation in the South” and published on November 29, 2016 is yet another important article.
RMAX Company Profile
RE/MAX Holdings, Inc., incorporated on June 25, 2013, is a franchisor of real estate brokerage services. The Firm is engaged in the business of recruiting and retaining agents, and selling franchises. The Firm operates in two divisions: Real Estate Franchise Services and Brokerages. The Real Estate Franchise Services segment comprises the activities of the Company’s owned and independent global franchising operations, and corporate-wide professional services expenses. The Brokerages segment contains the activities of its owned brokerage offices in the United States, the results of activities of a mortgage brokerage company, in which it owns a non-controlling interest and reflects the elimination of intersegment revenue and other consolidation entities. The Company’s franchisees operate under the RE/MAX brand name. In the United States and Canada, it owns over 10 of over 30 regional franchises, representing over 55% of its the United States and Canada agent count. The remaining over 20 regional franchises, representing over 45% of its the United States and Canada agent count, are Independent Regions.
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