Resideo Technologies (REZI) Now Covered by Bank of America

Stock analysts at Bank of America initiated coverage on shares of Resideo Technologies (NYSE:REZI) in a report released on Thursday, MarketBeat reports. The brokerage set a “buy” rating and a $28.00 price target on the stock. Bank of America’s price objective would suggest a potential upside of 33.02% from the stock’s previous close.

Separately, Oppenheimer set a $35.00 target price on Resideo Technologies and gave the stock a “buy” rating in a report on Tuesday, November 13th.

NYSE REZI opened at $21.05 on Thursday. Resideo Technologies has a 1-year low of $18.77 and a 1-year high of $28.67.

Resideo Technologies (NYSE:REZI) last announced its earnings results on Tuesday, November 13th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.26 by $0.41. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. Resideo Technologies’s quarterly revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts predict that Resideo Technologies will post 0.86 earnings per share for the current year.

In other Resideo Technologies news, insider Michael G. Nefkens bought 10,000 shares of Resideo Technologies stock in a transaction dated Thursday, November 29th. The shares were acquired at an average cost of $20.46 per share, with a total value of $204,600.00. The purchase was disclosed in a legal filing with the SEC, which is available through 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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