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Tuesday, November 24, 2020

Is Now the Time to Invest in Realogy Holdings Corp. (NYSE:RLGY)?

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Realogy Holdings Corp. (RLGY) shares are trading at lower $10.37 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $10.70.

To add more color to this target, the company’s high over the last year is $13.88 and the low is $2.09. Over the last 52 weeks, RLGY is down -25.29% while the S&P 500 is down 0.00%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, RLGY reported a profit of $70.0 million. Realogy Holdings Corp. also saw revenues increase to $1.21 billion. In addition, RLGY has free cash flow of -$8.0 million as of 06-2020. The company’s EBITDA came in at $119.0 million which compares well with its peers.

RLGY booked profit margins of -12.50%, its Return on Equity (ROE) is -33.70%, and its Return on Assets is -8.40%. All told, it is clear that, RLGY needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. RLGY has a short ratio of 5.81 and outstanding shares of 115.40M.

Company Outlook

RLGY has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.61 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -4.36. Investors should also keep an eye on sector updates as RLGY has historically followed its peers on positive news.

All told, Realogy Holdings Corp. RLGY has strung together solid data and demonstrated underlying fundamentals. At its current valuation, RLGY represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Realogy Holdings Corp. RLGY is now commanding a market cap of 1.20B and a float of 114.41M. RLGY is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of RLGY stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in RLGY, either long or short, and we have not been compensated for this article.

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