The stock of Realogy Holdings Corp (NYSE:RLGY) hit a new 52-week low and has $20.67 target or 8.00% below today’s $22.47 share price. The 6 months bearish chart indicates high risk for the $3.25B company. The 1-year low was reported on Nov, 1 by Barchart.com. If the $20.67 price target is reached, the company will be worth $260.00M 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 800,364 shares traded hands. Realogy Holdings Corp (NYSE:RLGY) has declined 35.28% since March 30, 2016 and is downtrending. It has underperformed by 38.30% the S&P500.
Analysts await Realogy Holdings Corp (NYSE:RLGY) to report earnings on November, 3. They expect $0.77 EPS, up 2.67% or $0.02 from last year’s $0.75 per share. RLGY’s profit will be $111.37 million for 7.30 P/E if the $0.77 EPS becomes a reality. After $0.74 actual EPS 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 has “Neutral” rating given on Thursday, October 6 by Wedbush. Wood initiated it with “Market Perform” rating and $37.50 target price in Thursday, March 31 report. The rating was downgraded by JP Morgan to “Neutral” on Wednesday, February 24. The firm earned “Buy” rating on Friday, August 5 by Compass Point. Goldman Sachs downgraded the stock to “Neutral” rating in Monday, August 3 report. The stock has “Neutral” rating given by Credit Suisse on Wednesday, January 6. The stock of Realogy Holdings Corp (NYSE:RLGY) has “Buy” rating given on Thursday, June 2 by Citigroup. Citigroup maintained the shares of RLGY in a report on Monday, August 22 with “Buy” rating. The rating was upgraded by Compass Point on Friday, May 13 to “Buy”. On Tuesday, January 5 the stock rating was maintained by Compass Point with “Neutral”.
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 worsened, 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.
First Quadrant L P Ca holds 0% or 163 shares in its portfolio. The Ontario – Canada-based Edgepoint Group Inc has invested 5.12% in Realogy Holdings Corp (NYSE:RLGY). Blackrock Fund Advsrs last reported 2.12M shares in the company. Stanley Cap Management Limited accumulated 3.11% or 106,279 shares. Clovis Limited Partnership holds 186,714 shares or 2.51% of its portfolio. Cornerstone Advsr holds 25 shares or 0% of its portfolio. Soros Fund Limited Company holds 0.2% or 325,000 shares in its portfolio. Barr E S And owns 267,360 shares or 0.94% of their US portfolio. Penn Capital Mngmt Inc last reported 79,567 shares in the company. Qvt Fin L P reported 365,645 shares or 0.73% of all its holdings. Plante Moran Limited Com has invested 0% of its portfolio in Realogy Holdings Corp (NYSE:RLGY). Teacher Retirement System Of Texas last reported 0% of its portfolio in the stock. Prudential Financial Inc reported 216,120 shares or 0.01% of all its holdings. Sg Americas Securities Ltd Com owns 33,096 shares or 0.01% of their US portfolio. Andalusian Prtnrs Ltd Partnership has invested 5.2% of its portfolio in Realogy Holdings Corp (NYSE:RLGY).
Insider Transactions: Since May 11, 2016, the stock had 1 insider buy, and 0 insider sales for $76,775 net activity. 2,500 shares with value of $76,775 were bought by WILLIAMS MICHAEL J on Wednesday, May 11.
Another recent and important Realogy Holdings Corp (NYSE:RLGY) news was published by Therealdeal.com which published an article titled: “Realogy weathers â€œchallengingâ€ 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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