Re/Max (NYSE:RMAX) Upgraded at ValuEngine

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Re/Max (NYSE:RMAX) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, ValuEngine reports.

Separately, Zacks Investment Research lowered Re/Max from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $37.17.

NYSE RMAX traded down $6.73 during trading hours on Friday, hitting $33.84. The company had a trading volume of 589,639 shares, compared to its average volume of 107,038. Re/Max has a fifty-two week low of $24.67 and a fifty-two week high of $44.16. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 2.28. The business has a fifty day simple moving average of $38.24 and a 200-day simple moving average of $34.06. The firm has a market cap of $692.00 million, a P/E ratio of 21.28 and a beta of 1.25.

Several institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of Re/Max by 11.0% during the fourth quarter. Geode Capital Management LLC now owns 262,876 shares of the financial services provider’s stock valued at $10,118,000 after purchasing an additional 26,064 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Re/Max by 8.8% during the fourth quarter. Alliancebernstein L.P. now owns 113,160 shares of the financial services provider’s stock valued at $4,356,000 after purchasing an additional 9,130 shares during the period. Man Group plc acquired a new position in shares of Re/Max during the fourth quarter valued at $377,000. Alberta Investment Management Corp acquired a new position in shares of Re/Max during the fourth quarter valued at $254,000. Finally, Caxton Associates LP bought a new position in Re/Max during the fourth quarter valued at about $200,000.

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 offers its real estate franchise services under the RE/MAX brand name; and mortgage brokerage services under the Motto Mortgage brand. It also provides real estate technology solutions.

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Analyst Recommendations for Re/Max (NYSE:RMAX)

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