Stock of The Day: Could Re Max Holdings Inc Go Down After Achieving All Time High?

Stock of The Day: Could Re Max Holdings Inc Go Down After Achieving All Time High?

The stock of Re Max Holdings Inc (NYSE:RMAX) reached all time high today, Nov, 29 and still has $53.55 target or 7.00% above today’s $50.05 share price. This indicates more upside for the $876.88M company. This technical setup was reported by Barchart.com. If the $53.55 PT is reached, the company will be worth $61.38 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 156,988 shares traded hands or 76.90% 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 EPS, down 2.63% or $0.01 from last year’s $0.38 per share. RMAX’s profit will be $6.48 million for 33.82 P/E if the $0.37 EPS becomes a reality. After $0.48 actual EPS 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 stock has “Mkt Perform” rating given by JMP Securities on Wednesday, November 18. The stock of Re Max Holdings Inc (NYSE:RMAX) has “Market Perform” rating given on Thursday, March 31 by Wood. The firm has “Market Underperform” rating by JMP Securities given on Tuesday, August 11. Morgan Stanley downgraded Re Max Holdings Inc (NYSE:RMAX) on Wednesday, August 19 to “Equal Weight” rating. The firm earned “Neutral” rating 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 Q2 2016. 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.
Geode Cap Mgmt Ltd Liability Co, a Massachusetts-based fund reported 123,417 shares. Acadian Asset Mngmt Llc has invested 0% of its portfolio in Re Max Holdings Inc (NYSE:RMAX). Highland Cap Limited Company accumulated 0.02% or 5,015 shares. Royal Retail Bank Of Canada has 23,098 shares for 0% of their US portfolio. Barclays Public Ltd Company accumulated 0% or 35 shares. Ladenburg Thalmann Financial Serv last reported 0% of its portfolio in the stock. Stifel Fin last reported 0% of its portfolio in the stock. Babson Cap Mngmt Ltd holds 0.01% or 8,400 shares in its portfolio. The New York-based Blackrock Inc has invested 0% in Re Max Holdings Inc (NYSE:RMAX). The Illinois-based Balyasny Asset Mngmt Limited Liability has invested 0% in Re Max Holdings Inc (NYSE:RMAX). The California-based California Public Employees Retirement Sys has invested 0% in Re Max Holdings Inc (NYSE:RMAX). Shell Asset Management Communication holds 0.02% or 21,069 shares in its portfolio. Fmr Ltd Com, a Massachusetts-based fund reported 104,343 shares. The Massachusetts-based State Street has invested 0% in Re Max Holdings Inc (NYSE:RMAX). The Pennsylvania-based Susquehanna Interest Gp Llp has invested 0% in Re Max Holdings Inc (NYSE:RMAX).

Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 1 sale for $48,800 net activity. LEWIS GEOFFREY D also sold $30,750 worth of Re Max Holdings Inc (NYSE:RMAX) shares.

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. Bizjournals.com‘s article titled: “RE/MAX buying RE/MAX of Georgia, two other independent regions for $50M” 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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