RE/MAX Holdings, Inc. (NYSE:RMAX – Get Free Report) has been assigned a consensus recommendation of “Reduce” from the five research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $11.90.
A number of equities analysts recently commented on RMAX shares. Stephens raised their price objective on shares of RE/MAX from $9.00 to $10.50 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. StockNews.com raised shares of RE/MAX from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th.
View Our Latest Report on RMAX
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RE/MAX Stock Performance
Shares of RE/MAX stock opened at $11.35 on Friday. The firm has a market cap of $214.06 million, a PE ratio of -2.93 and a beta of 1.36. RE/MAX has a 1 year low of $6.94 and a 1 year high of $13.70. The firm’s 50-day simple moving average is $11.93 and its 200-day simple moving average is $9.79.
RE/MAX (NYSE:RMAX – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.11. The business had revenue of $78.45 million during the quarter, compared to analysts’ expectations of $78.16 million. RE/MAX had a negative net margin of 22.26% and a negative return on equity of 35.12%. On average, equities analysts predict that RE/MAX will post 0.85 earnings per share for the current year.
RE/MAX Company Profile
RE/MAX Holdings, Inc operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally. It operates through Real Estate, Mortgage, and Marketing Funds segments. The company offers real estate brokerage franchising services under the RE/MAX brand; mortgage brokerage services to real estate brokers, real estate professionals, mortgage professionals, and other investors under the Motto Mortgage brand; and mortgage loan processing software and services under the wemlo brand.
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