RE/MAX (RMAX) Upgraded to “Neutral” at Compass Point

RE/MAX (NYSE:RMAX) was upgraded by investment analysts at Compass Point from a “sell” rating to a “neutral” rating in a report released on Saturday, December 30th.

A number of other research firms also recently weighed in on RMAX. BidaskClub upgraded RE/MAX from a “buy” rating to a “strong-buy” rating in a report on Friday, October 20th. Piper Jaffray Companies reissued a “buy” rating and issued a $69.00 price target on shares of RE/MAX in a research report on Wednesday, November 1st. Zacks Investment Research cut RE/MAX from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Finally, JPMorgan Chase & Co. cut RE/MAX from a “neutral” rating to an “underweight” rating and set a $51.00 price target on the stock. in a research report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $61.43.

RE/MAX (RMAX) opened at $49.00 on Friday. RE/MAX has a twelve month low of $45.55 and a twelve month high of $67.50. The company has a current ratio of 10.83, a quick ratio of 10.83 and a debt-to-equity ratio of 3.29. The stock has a market capitalization of $867.15, a PE ratio of 37.40, a P/E/G ratio of 3.39 and a beta of 0.80.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Confluence Investment Management LLC increased its stake in shares of RE/MAX by 66.2% in the 4th quarter. Confluence Investment Management LLC now owns 92,420 shares of the financial services provider’s stock worth $4,482,000 after purchasing an additional 36,797 shares in the last quarter. California Public Employees Retirement System increased its stake in RE/MAX by 15.9% in the 3rd quarter. California Public Employees Retirement System now owns 8,230 shares of the financial services provider’s stock worth $523,000 after buying an additional 1,130 shares in the last quarter. PEAK6 Investments L.P. increased its stake in RE/MAX by 66.5% in the 3rd quarter. PEAK6 Investments L.P. now owns 3,320 shares of the financial services provider’s stock worth $211,000 after buying an additional 1,326 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in RE/MAX by 12.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,204 shares of the financial services provider’s stock worth $585,000 after buying an additional 1,038 shares in the last quarter. Finally, Pinebridge Investments L.P. increased its stake in RE/MAX by 5.2% in the 3rd quarter. Pinebridge Investments L.P. now owns 23,925 shares of the financial services provider’s stock worth $1,520,000 after buying an additional 1,189 shares in the last quarter.

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RE/MAX Company Profile

RE/MAX Holdings, Inc is a franchisor in the real estate industry, franchising real estate brokerages around the world under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. The Company is a franchised business, with all of the RE/MAX branded brokerage office locations being operated by franchisees, including RE/MAX, LLC, which owns the RE/MAX brand, and sells franchises and franchising rights; Independent Regional Franchise Owner, which owns rights to sell brokerage franchises in a specified region; Franchisee (or Broker-Owner), which operates a RE/MAX-branded brokerage office, lists properties and recruits agents, and Agent (or Sales Associate), including branded independent contractors operating out of local franchise brokerage offices.

Analyst Recommendations for RE/MAX (NYSE:RMAX)

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