Zacks: Resideo Technologies Inc (NYSE:REZI) Receives Consensus Rating of “Hold” from Analysts

Shares of Resideo Technologies Inc (NYSE:REZI) have been assigned an average broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold rating. Resideo Technologies’ rating score has declined by 200% in the last 90 days as a result of a number of analysts’ ratings changes.

Analysts have set a twelve-month consensus price target of $11.25 for the company and are forecasting that the company will post $0.30 EPS for the current quarter, according to Zacks. Zacks has also given Resideo Technologies an industry rank of 148 out of 255 based on the ratings given to related companies.

A number of brokerages have issued reports on REZI. Imperial Capital decreased their price target on Resideo Technologies from $25.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Zacks Investment Research lowered Resideo Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, October 26th. ValuEngine raised Resideo Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Oppenheimer lowered Resideo Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 23rd. Finally, Bank of America lowered Resideo Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 23rd.

Shares of REZI traded up $0.84 during trading hours on Friday, reaching $10.29. 2,208,015 shares of the company traded hands, compared to its average volume of 1,301,231. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $1.08 billion and a PE ratio of 4.17. Resideo Technologies has a fifty-two week low of $8.60 and a fifty-two week high of $26.40. The stock has a fifty day simple moving average of $12.06 and a 200 day simple moving average of $17.15.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. Resideo Technologies had a net margin of 1.23% and a return on equity of 7.63%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.53 EPS. Research analysts predict that Resideo Technologies will post 0.85 EPS for the current fiscal year.

In other Resideo Technologies news, CFO Robert P. Ryder purchased 22,900 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were purchased at an average cost of $8.81 per share, with a total value of $201,749.00. Following the purchase, the chief financial officer now owns 22,900 shares in the company, valued at $201,749. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Resideo Technologies in the 2nd quarter valued at about $33,000. Machina Capital S.A.S. lifted its stake in shares of Resideo Technologies by 828.1% in the 2nd quarter. Machina Capital S.A.S. now owns 1,550 shares of the company’s stock valued at $34,000 after purchasing an additional 1,383 shares in the last quarter. Employers Holdings Inc. acquired a new position in shares of Resideo Technologies in the 2nd quarter valued at about $35,000. Captrust Financial Advisors lifted its stake in shares of Resideo Technologies by 84.6% in the 2nd quarter. Captrust Financial Advisors now owns 1,663 shares of the company’s stock valued at $36,000 after purchasing an additional 762 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Resideo Technologies in the 3rd quarter valued at about $29,000. 79.25% of the stock is currently owned by institutional investors and hedge funds.

About Resideo Technologies

Resideo Technologies, Inc provides critical comfort, thermal, and security solutions primarily in residential environments in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and Global Distribution. It offers home products, services, and technologies, including temperature and humidity control, water, air, remote patient monitoring software, and software solutions; and residential thermal solutions, such as boiler products, storage gas water heating solutions, ducted solutions, and thermal adjacency solutions.

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