Bank of America Begins Coverage on Resideo Technologies (REZI)

Analysts at Bank of America began coverage on shares of Resideo Technologies (NYSE:REZI) in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $28.00 price target on the stock. Bank of America’s target price would suggest a potential upside of 33.02% from the stock’s current price.

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

REZI stock opened at $21.05 on Thursday. Resideo Technologies has a fifty-two week low of $18.77 and a fifty-two week high of $28.67.

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

In other Resideo Technologies news, insider Michael G. Nefkens bought 10,000 shares of the company’s stock in a transaction on Thursday, November 29th. The stock was bought at an average price of $20.46 per share, for a total transaction of $204,600.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

About Resideo Technologies

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

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