A statement released earlier today by Zacks Investment Research about Re Max Holdings Inc (NYSE:RMAX) bumps the target price to $49.00
- Updated: October 2, 2016
Stating a potential upside of 0.13%, Zacks Investment Research increased the stock price target of Re Max Holdings Inc (NYSE:RMAX) to $49.00
Previously on 03/31/2016, KBW reported on Re Max Holdings Inc (NYSE:RMAX) increased the target price from $0.00 to $34.00. At the time, this indicated a possible downside of -0.03%.
Just yesterday Re Max Holdings Inc (NYSE:RMAX) traded 0.85% higher at $43.41. Re Max Holdings Inc’s 50-day average is $42.29 and its two hundred day average is $39.83. With the last stock price up 9.91% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time. 52,362 shares of the stock were exchanged, down from an average trading volume of 67,227
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Re Max Holdings Inc has a 52 week low of $30.22 and a 52 week high of $44.60 with a P/E ratio of 32.50 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 7 firms have issued a report on the stock. The consensus target price is $37.29 with 3 firms rating the stock a strong buy, 0 firms rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About Re Max Holdings Inc (NYSE:RMAX)
RE/MAX Holdings, Inc. is a franchisor of real estate brokerage services. The Company is engaged in the business of recruiting and retaining agents, and selling franchises. The Company operates in two segments: Real Estate Franchise Services and Brokerages. The Real Estate Franchise Services segment comprises the operations of its owned and independent global franchising operations, and corporate-wide professional services expenses. The Brokerages segment contains the operations of its owned brokerage offices in the United States, the results of operations of a mortgage brokerage company, in which it owns a non-controlling interest and reflects the elimination of intersegment revenue and other consolidation entities. Its franchisees operate under the RE/MAX brand name. In the United States and Canada, it owns over 10 of over 30 regional franchises, representing over 55% of its the United States and Canada agent count. The remaining over 20 regional franchises are Independent Regions.
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