Sunday, September 27, 2020

Evercore ISI Upgrade Realogy Holdings Corp. [RLGY]. What else is Wall St. saying?

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Realogy Holdings Corp. [NYSE: RLGY] slipped around -0.34 points on Thursday, while shares priced at $11.14 at the close of the session, down -2.96%. The company report on September 1, 2020 that Guaranteed Rate Affinity Increases Volume 86% Year Over Year.

Guaranteed Rate Affinity, a mortgage origination joint venture between Guaranteed Rate and Realogy Holdings Corp. (NYSE: RLGY), announced an 86% increase in the company’s total loan volume as compared to 2019, funding over $5 billion in loans in the first half of 2020. With mortgage rates at historic lows, the company’s loan volume for both purchases and refinances has been skyrocketing.

“It’s been incredible to see Guaranteed Rate Affinity reach this milestone and build such strong momentum that we’ll continue to build upon,” said Guaranteed Rate Companies President and CEO Victor Ciardelli. “This is a testament to the extreme hard work of our loan officers and our strong partnership with Realogy and we look forward to achieving many more future milestones.”.

Realogy Holdings Corp. stock is now 15.08% up from its year-to-date (YTD) trading value. RLGY Stock saw the intraday high of $11.50 and lowest of $10.91 per share. The company’s 52-week high price is 13.88, which means current price is +433.01% above from all time high which was touched on 02/25/20.

Compared to the average trading volume of 2.29M shares, RLGY reached a trading volume of 1771063 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Realogy Holdings Corp. [RLGY]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RLGY shares is $11.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RLGY stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Evercore ISI have made an estimate for Realogy Holdings Corp. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 31, 2020. The new note on the price target was released on April 29, 2020, representing the official price target for Realogy Holdings Corp. stock. Previously, the target price had yet another raise to $8, while Susquehanna analysts kept a Neutral rating on RLGY stock. On November 11, 2019, analysts decreased their price target for RLGY shares from 7 to 6.

The Average True Range (ATR) for Realogy Holdings Corp. is set at 0.49, with the Price to Sales ratio for RLGY stock in the period of the last 12 months amounting to 0.25. The Price to Book ratio for the last quarter was 0.79, with the Price to Cash per share for the same quarter was set at 6.04. Price to Free Cash Flow for RLGY in the course of the last twelve months was 5.21 with Quick ratio for the last quarter at 1.00.

How has RLGY stock performed recently?

Realogy Holdings Corp. [RLGY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.64. With this latest performance, RLGY shares gained by 15.68% in over the last four-week period, additionally plugging by 45.24% over the last 6 months – not to mention a rise of 138.54% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RLGY stock in for the last two-week period is set at 62.57, with the RSI for the last a single of trading hit 58.00, and the three-weeks RSI is set at 65.02 for Realogy Holdings Corp. [RLGY]. The present Moving Average for the last 50 days of trading for this stock 9.14, while it was recorded at 11.26 for the last single week of trading, and 7.99 for the last 200 days.

Realogy Holdings Corp. [RLGY]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Realogy Holdings Corp. [RLGY] shares currently have an operating margin of +2.30 and a Gross Margin at +16.58. Realogy Holdings Corp.’s Net Margin is presently recorded at -2.16.

Return on Total Capital for RLGY is now 2.10, given the latest momentum, and Return on Invested Capital for the company is -2.22. Return on Equity for this stock declined to -5.50, with Return on Assets sitting at -1.58. When it comes to the capital structure of this company, Realogy Holdings Corp. [RLGY] has a Total Debt to Total Equity ratio set at 194.50. Additionally, RLGY Total Debt to Total Capital is recorded at 66.04, with Total Debt to Total Assets ending up at 50.77. Long-Term Debt to Equity for the company is recorded at 176.86, with the Long-Term Debt to Total Capital now at 60.06.

Reflecting on the efficiency of the workforce at the company, Realogy Holdings Corp. [RLGY] managed to generate an average of -$11,921 per employee. Receivables Turnover for the company is 24.55 with a Total Asset Turnover recorded at a value of 0.73.Realogy Holdings Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.

Earnings analysis for Realogy Holdings Corp. [RLGY]

With the latest financial reports released by the company, Realogy Holdings Corp. posted 0.65/share EPS, while the average EPS was predicted by analysts to be reported at 0.85/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -23.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RLGY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Realogy Holdings Corp. go to 20.00%.

Insider trade positions for Realogy Holdings Corp. [RLGY]

There are presently around $1,445 million, in the hands of institutional investors. The top three institutional holders of RLGY stocks are: BLACKROCK INC. with ownership of 18,192,920, which is approximately 1.271% of the company’s market cap and around 1.80% of the total institutional ownership; VANGUARD GROUP INC, holding 18,001,831 shares of the stock with an approximate value of $200.54 million in RLGY stocks shares; and SOUTHEASTERN ASSET MANAGEMENT INC/TN/, currently with $130.12 million in RLGY stock with ownership of nearly -29.54% of the company’s market capitalization.

Positions in Realogy Holdings Corp. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 117 institutional holders increased their position in Realogy Holdings Corp. [NYSE:RLGY] by around 17,839,579 shares. Additionally, 88 investors decreased positions by around 22,521,195 shares, while 29 investors held positions by with 89,363,261 shares. The mentioned changes placed institutional holdings at 129,724,035 shares, according to the latest SEC report filing. RLGY stock had 36 new institutional investments in for a total of 4,993,367 shares, while 32 institutional investors sold positions of 6,156,041 shares during the same period.

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