Re/Max (RMAX) Hits New 52-Week Low at $29.52

Re/Max Holdings Inc (NYSE:RMAX)’s share price hit a new 52-week low on Friday . The company traded as low as $29.52 and last traded at $29.45, with a volume of 2076 shares. The stock had previously closed at $30.28.

RMAX has been the topic of a number of research analyst reports. Craig Hallum set a $50.00 target price on Re/Max and gave the stock a “buy” rating in a research note on Monday, November 5th. TheStreet cut shares of Re/Max from a “b-” rating to a “c+” rating in a report on Friday, October 12th. Stephens lowered their price target on shares of Re/Max from $60.00 to $41.00 and set an “equal weight” rating on the stock in a report on Monday, November 5th. Zacks Investment Research raised shares of Re/Max from a “sell” rating to a “hold” rating in a report on Thursday, October 4th. Finally, Morgan Stanley raised shares of Re/Max from an “equal weight” rating to an “overweight” rating and set a $36.00 price target on the stock in a report on Monday, November 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $53.57.

The company has a debt-to-equity ratio of 3.17, a quick ratio of 5.51 and a current ratio of 5.51. The firm has a market capitalization of $525.81 million, a P/E ratio of 14.38, a P/E/G ratio of 2.10 and a beta of 0.61.



Re/Max (NYSE:RMAX) last posted its quarterly earnings results on Thursday, November 1st. The financial services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). The company had revenue of $54.90 million during the quarter, compared to the consensus estimate of $55.80 million. Re/Max had a return on equity of 90.23% and a net margin of 8.19%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the firm posted $0.47 EPS. On average, equities analysts predict that Re/Max Holdings Inc will post 2.02 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 28th. Investors of record on Wednesday, November 14th were issued a $0.20 dividend. The ex-dividend date was Tuesday, November 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.70%. Re/Max’s dividend payout ratio (DPR) is presently 42.78%.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Re/Max by 5.2% in the 3rd quarter. BlackRock Inc. now owns 2,559,945 shares of the financial services provider’s stock worth $113,532,000 after purchasing an additional 127,191 shares during the period. Vanguard Group Inc. raised its holdings in Re/Max by 7.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,978,312 shares of the financial services provider’s stock valued at $87,738,000 after acquiring an additional 145,307 shares during the period. Vanguard Group Inc raised its holdings in Re/Max by 7.9% during the 3rd quarter. Vanguard Group Inc now owns 1,978,312 shares of the financial services provider’s stock valued at $87,738,000 after acquiring an additional 145,307 shares during the period. Van Berkom & Associates Inc. raised its holdings in Re/Max by 28.2% during the 3rd quarter. Van Berkom & Associates Inc. now owns 1,797,834 shares of the financial services provider’s stock valued at $79,734,000 after acquiring an additional 395,932 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Re/Max by 14.9% during the 3rd quarter. Renaissance Technologies LLC now owns 1,146,698 shares of the financial services provider’s stock valued at $50,856,000 after acquiring an additional 148,598 shares during the period. 99.57% of the stock is currently owned by institutional investors.

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About Re/Max (NYSE:RMAX)

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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