Resideo Technologies (REZI) Given a $35.00 Price Target by Oppenheimer Analysts

Resideo Technologies (NYSE:REZI) received a $35.00 target price from analysts at Oppenheimer in a report issued on Wednesday. The firm presently has a “buy” rating on the stock. Oppenheimer’s price target would indicate a potential upside of 69.90% from the company’s current price.

Shares of REZI stock opened at $20.60 on Wednesday. Resideo Technologies has a 12-month low of $18.77 and a 12-month high of $28.67.

Resideo Technologies (NYSE:REZI) last issued its quarterly earnings results on Tuesday, November 13th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.41. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, research analysts anticipate that Resideo Technologies will post 0.86 earnings per share for the current year.

In other Resideo Technologies news, insider Michael G. Nefkens purchased 10,000 shares of the stock in a transaction on Thursday, November 29th. The shares were bought at an average price of $20.46 per share, for a total transaction of $204,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Resideo Technologies Company Profile

Honeywell International Inc, Homes and the ADI Global Distribution Business located in the United States.

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