RE/MAX Holdings, Inc. (NYSE:RMAX) Receives Average Recommendation of “Hold” from Analysts
RE / MAX Holdings, Inc. (NYSE: RMAX) was given a consensus rating of “hold” by the six rating firms that currently cover the company, Marketbeat.com reports. One analyst rated the stock with a sell rating, three with a hold rating, and two with a buy rating. The average 12-month target price among analysts who reported on the stock last year is $ 40.00.
A number of equity analysts recently rated the company. JPMorgan Chase & Co. raised RE / MAX in a research note on Monday, December 21st, from an “underweight” rating to a “neutral” rating and raised the price target for the share from USD 27.00 to USD 36.00 raised. Compass Point downgraded RE / MAX from a “buy” rating to a “neutral” rating and set a price target of $ 44.00 for the company. in a research report on Monday March 1st. They discovered that the move was a call for evaluation. Morgan Stanley raised its target price for RE / MAX from USD 37.00 to USD 40.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 5th. Finally, on Friday March 5th, Zacks Investment Research lowered RE / MAX from a “Hold” rating to a “Sell” rating in a Research Note.
In related news, CAO Brett A. Ritchie sold 2,670 shares in the company in a transaction on Monday, January 25. The stock was sold at an average price of $ 40.00 for a total value of $ 106,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission and available on the SEC website. In the past three months, insiders sold 3,204 shares in the company valued at $ 128,507. 2.67% of the shares are owned by insiders.
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Several major investors recently changed their positions in RMAX. BlackRock Inc. increased its position in RE / MAX by 8.9% in the fourth quarter. BlackRock Inc. now owns 3,480,799 shares in the financial services company valued at $ 126,458,000 after purchasing an additional 285,920 shares last quarter. Assenagon Asset Management SA increased its stake in RE / MAX by 330.3% in the fourth quarter. Assenagon Asset Management SA now holds 154,418 shares in the financial services company valued at $ 5,610,000 after purchasing an additional 118,534 shares during the period. Morgan Stanley increased its stake in RE / MAX shares by 168.1% in the fourth quarter. Morgan Stanley now owns 150,237 shares in the financial services company valued at $ 5,459,000 after purchasing an additional 94,190 shares last quarter. River & Mercantile Asset Management LLP increased its stake in RE / MAX shares by 158.1% in the fourth quarter. River & Mercantile Asset Management LLP now owns 126,400 shares in the financial services company valued at $ 4,546,000 after purchasing an additional 77,430 shares during the period. Finally, Matarin Capital Management LLC acquired a new position in RE / MAX shares valued at $ 2,256,000 in the third quarter. Hedge funds and other institutional investors own 95.47% of the company’s shares.
RE / MAX stock opened at $ 41.09 on Thursday. RE / MAX has a 52-week low of $ 14.40 and a 52-week high of $ 43.85. The company has a market cap of $ 763.29 million, a PE ratio of 59.55, and a beta of 1.55. The stock’s 50-day moving average is $ 39.32 and the two-hundred-day moving average is $ 35.71. The company has a quick rate of 2.24, a current rate of 2.24, and a leverage ratio of 1.98.
RE / MAX (NYSE: RMAX) last released its quarterly earnings data on Thursday, February 25th. The financial services company reported earnings of $ 0.47 per share for the quarter, beating analysts’ consensus estimate of $ 0.33 by $ 0.14. RE / MAX had a return on equity of 44.11% and a net margin of 4.80%. Analysts assume that RE / MAX will achieve earnings per share of 1.54 in the current year.
The company recently announced a quarterly dividend, which will be paid on Wednesday, March 17th. On Wednesday, March 3rd, a dividend of $ 0.23 per share will be paid to shareholders of record. This is an increase over RE / MAX’s previous quarterly dividend of $ 0.22. This equates to an annualized dividend of $ 0.92 and a dividend yield of 2.24%. The ex-dividend day is Tuesday, March 2nd. The payout ratio of RE / MAX is currently 47.67%.
About RE / MAX
RE / MAX Holdings, Inc operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada and internationally. The company operates in four segments: RE / MAX Franchising, Motto Franchising, Marketing Funds and Other. The company offers its real estate franchise services under the brand name RE / MAX. and Mortgage branded mortgage brokerage services.
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