Re/Max (RMAX) Downgraded by Zacks Investment Research

Re/Max (NYSE:RMAX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday, March 15th.

According to Zacks, “Re/Max Holdings, Inc. is a franchisor of real estate brokerage services. Re/Max Holdings, Inc. is based in Denver, CO. “

Other equities research analysts have also issued research reports about the company. TheStreet lowered Re/Max from a “b” rating to a “c-” rating in a research report on Friday, February 23rd. Compass Point raised Re/Max from a “sell” rating to a “neutral” rating in a research report on Friday, December 22nd. Wedbush set a $60.00 target price on Re/Max and gave the stock a “hold” rating in a research report on Friday, February 23rd. Stephens reissued a “hold” rating and set a $60.00 target price on shares of Re/Max in a research report on Friday, February 23rd. Finally, Craig Hallum set a $65.00 target price on Re/Max and gave the stock a “buy” rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $60.25.

NYSE RMAX opened at $59.20 on Thursday. The firm has a market capitalization of $1,067.95, a P/E ratio of 31.66, a PEG ratio of 4.02 and a beta of 0.51. The company has a debt-to-equity ratio of 3.30, a current ratio of 4.54 and a quick ratio of 4.54. Re/Max has a one year low of $43.85 and a one year high of $67.50.

Re/Max (NYSE:RMAX) last released its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. Re/Max had a return on equity of 72.93% and a net margin of 6.54%. The business had revenue of $49.50 million during the quarter, compared to analysts’ expectations of $48.46 million. sell-side analysts forecast that Re/Max will post 2.14 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of RMAX. Millennium Management LLC purchased a new stake in shares of Re/Max in the fourth quarter valued at approximately $14,811,000. Renaissance Technologies LLC boosted its stake in shares of Re/Max by 17.6% in the fourth quarter. Renaissance Technologies LLC now owns 884,500 shares of the financial services provider’s stock valued at $42,898,000 after buying an additional 132,400 shares in the last quarter. Burgundy Asset Management Ltd. boosted its stake in shares of Re/Max by 9.5% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,518,391 shares of the financial services provider’s stock valued at $73,642,000 after buying an additional 131,963 shares in the last quarter. Deutsche Bank AG raised its holdings in Re/Max by 471.6% during the fourth quarter. Deutsche Bank AG now owns 100,169 shares of the financial services provider’s stock worth $4,856,000 after purchasing an additional 82,644 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in Re/Max by 3.1% during the fourth quarter. BlackRock Inc. now owns 2,272,813 shares of the financial services provider’s stock worth $110,232,000 after purchasing an additional 68,483 shares during the last quarter.

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Re/Max Company Profile

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. The company was founded in 1973 and is headquartered in Denver, Colorado.

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