Could Realogy Holdings Corp. (RLGY) Gain Strenght After Forming Double Bottom Chart Pattern?

May 25, 2018 - By Clifton Ray

Realogy Holdings Corp. (NYSE:RLGY) Logo

Investors sentiment increased to 1.3 in 2017 Q4. Its up 0.01, from 1.29 in 2017Q3. It is positive, as 44 investors sold Realogy Holdings Corp. shares while 61 reduced holdings. 44 funds opened positions while 92 raised stakes. 148.99 million shares or 8.30% more from 137.57 million shares in 2017Q3 were reported.
Stevens Capital Mngmt Limited Partnership accumulated 11,165 shares or 0.01% of the stock. Virtu Financial Limited Liability Company holds 13,859 shares. Finance Engines Ltd Liability has invested 0% of its portfolio in Realogy Holdings Corp. (NYSE:RLGY). Credit Suisse Ag holds 129,758 shares or 0% of its portfolio. Lpl Financial Ltd Liability Corp holds 0% or 31,993 shares. Moreover, Gsa Capital Prtnrs Limited Liability Partnership has 0.03% invested in Realogy Holdings Corp. (NYSE:RLGY) for 16,596 shares. Glenview Mgmt reported 0.56% of its portfolio in Realogy Holdings Corp. (NYSE:RLGY). Rafferty Asset Management Lc holds 28,958 shares. Guggenheim Cap Ltd owns 146,284 shares. Clearbridge Ltd holds 3.56 million shares. Gator Mngmt Limited Liability Corp has 0.83% invested in Realogy Holdings Corp. (NYSE:RLGY) for 32,494 shares. New York State Teachers Retirement Systems holds 0% in Realogy Holdings Corp. (NYSE:RLGY) or 12,000 shares. 8,585 were accumulated by Zurcher Kantonalbank (Zurich Cantonalbank). Franklin Res invested in 0% or 87,900 shares. Schwerin Boyle Management reported 0.02% stake.

The chart of Realogy Holdings Corp. (RLGY) shows a double bottom with $22.14 target or 8.00 % below today’s $24.07 share price. The 7 months chart pattern indicates high risk for the $3.07 billion company. It was reported on May, 25 by Finviz.com. If the $22.14 price target is reached, the company will be worth $245.52 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 1.47% or $0.36 during the last trading session, reaching $24.07. About 1.80M shares traded. Realogy Holdings Corp. (NYSE:RLGY) has declined 5.43% since May 25, 2017 and is downtrending. It has underperformed by 16.98% the S&P500.

Analysts await Realogy Holdings Corp. (NYSE:RLGY) to report earnings on August, 2. They expect $0.92 earnings per share, up 19.48 % or $0.15 from last year’s $0.77 per share. RLGY’s profit will be $117.30 million for 6.54 P/E if the $0.92 EPS becomes a reality. After $-0.38 actual earnings per share reported by Realogy Holdings Corp. for the previous quarter, Wall Street now forecasts -342.11 % EPS growth.

Realogy Holdings Corp. (NYSE:RLGY) Ratings Coverage

Among 6 analysts covering Realogy (NYSE:RLGY), 2 have Buy rating, 3 Sell and 1 Hold. Therefore 33% are positive. Realogy has $36.0 highest and $21 lowest target. $30’s average target is 24.64% above currents $24.07 stock price. Realogy had 9 analyst reports since December 6, 2017 according to SRatingsIntel. The stock has “Underweight” rating by Barclays Capital on Wednesday, February 28. Citigroup maintained the shares of RLGY in report on Friday, May 4 with “Buy” rating. J.P. Morgan downgraded the stock to “Sell” rating in Friday, December 15 report. The stock of Realogy Holdings Corp. (NYSE:RLGY) earned “Buy” rating by Piper Jaffray on Friday, December 22. The firm has “Underweight” rating by JP Morgan given on Friday, December 15. The company was maintained on Tuesday, February 27 by Piper Jaffray. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, December 21 report. The firm earned “Buy” rating on Monday, January 29 by Piper Jaffray.

More recent Realogy Holdings Corp. (NYSE:RLGY) news were published by: Seekingalpha.com which released: “Existing home sales weaken in April” on May 24, 2018. Also Seekingalpha.com published the news titled: “Realogy Holdings (RLGY) Q1 2018 Results – Earnings Call Transcript” on May 03, 2018. Prnewswire.com‘s news article titled: “Augmented Reality App Curate by Sotheby’s International Realty Now Available on Apple iOS” with publication date: May 22, 2018 was also an interesting one.

Realogy Holdings Corp. provides real estate services. The company has market cap of $3.07 billion. It operates through four divisions: Real Estate Franchise Services , Company Owned Real Estate Brokerage Services (NRT), Relocation Services (Cartus), and Title and Settlement Services (TRG). It has a 7.74 P/E ratio. The RFG segment franchises its real estate brokerage franchise systems under the Century 21, Coldwell Banker, Coldwell Banker Commercial, ERA, Sotheby??s International Realty, and Better Homes and Gardens Real Estate brand names to real estate brokerage businesses.

Realogy Holdings Corp. (NYSE:RLGY) Institutional Positions Chart

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