Today’s Price Action: It Seems Realogy Holdings Corp Will Go Down. Just Reaches All-Time Low

Today's Price Action: It Seems Realogy Holdings Corp Will Go Down. Just Reaches All Time Low

The stock of Realogy Holdings Corp (NYSE:RLGY) reached all time low today, Oct, 28 and still has $20.96 target or 9.00% below today’s $23.03 share price. This indicates more downside for the $3.29B company. This technical setup was reported by Barchart.com. If the $20.96 PT is reached, the company will be worth $296.10 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 1.03M shares traded hands. Realogy Holdings Corp (NYSE:RLGY) has declined 31.93% since March 28, 2016 and is downtrending. It has underperformed by 36.64% 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 $110.00 million for 7.48 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 rating was maintained by Citigroup with “Buy” on Thursday, June 2. Wedbush initiated it with “Neutral” rating and $28.50 target price in Thursday, October 6 report. The stock of Realogy Holdings Corp (NYSE:RLGY) earned “Buy” rating by Citigroup on Friday, October 2. Compass Point maintained Realogy Holdings Corp (NYSE:RLGY) rating on Wednesday, October 28. Compass Point has “Neutral” rating and $44 price target. The rating was maintained by Compass Point on Tuesday, November 24 with “Neutral”. As per Tuesday, January 5, the company rating was maintained by Compass Point. The firm has “Buy” rating by Compass Point given on Friday, May 13. The rating was maintained by Compass Point on Friday, August 5 with “Buy”. The firm earned “Neutral” rating on Wednesday, February 24 by JP Morgan. Piper Jaffray maintained Realogy Holdings Corp (NYSE:RLGY) on Monday, November 2 with “Overweight” 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 fall, 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.
Da Davidson And last reported 0% of its portfolio in the stock. Loews last reported 520,000 shares in the company. Putnam Invests Lc has 261,239 shares for 0.02% of their US portfolio. Proshare Advisors Limited Liability Company last reported 0.01% of its portfolio in the stock. Rhumbline Advisers reported 107,069 shares or 0.01% of all its holdings. Pacad Invest Ltd has 0.12% invested in the company for 29,700 shares. The California-based Blackrock Institutional Trust Na has invested 0.02% in Realogy Holdings Corp (NYSE:RLGY). The New York-based Sg Americas Secs Limited Company has invested 0.01% in Realogy Holdings Corp (NYSE:RLGY). Cubist Systematic Strategies Limited Liability accumulated 33,496 shares or 0.06% of the stock. D E Shaw Com Inc has 5.22M shares for 0.28% of their US portfolio. Moreover, Paloma Mngmt Communications has 0.02% invested in Realogy Holdings Corp (NYSE:RLGY) for 74,271 shares. First Advsr Limited Partnership, a Illinois-based fund reported 104,859 shares. Moreover, Lodge Hill Ltd Liability has 2.5% invested in Realogy Holdings Corp (NYSE:RLGY) for 886,200 shares. Blackrock accumulated 284,206 shares or 0.01% of the stock. Moreover, British Columbia Inv Mngmt has 0.01% invested in Realogy Holdings Corp (NYSE:RLGY) for 57,127 shares.

Insider Transactions: Since May 11, 2016, the stock had 1 insider purchase, and 0 sales for $76,775 net activity. WILLIAMS MICHAEL J also bought $76,775 worth of Realogy Holdings Corp (NYSE:RLGY) shares.

Another recent and important Realogy Holdings Corp (NYSE:RLGY) news was published by Therealdeal.com which published an article titled: “Realogy weathers “challenging” Q2, vows to fight rivals’ rampant agent poaching” on 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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