Market Overview

UPDATE: Sterne Agee Initiates Coverage on Realogy Holdings Corp. as Housing Optimism is Reflected in Valuation

Related RLGY
Realogy Posts Decline Earnings, Sales For Q3
Watch These 5 Huge Call Purchases In Monday Trade

In a report published Wednesday, Sterne Agee analyst Kenneth James initiated coverage on Realogy Holdings Corp. (NYSE: RLGY) with a Neutral rating and $45.00 price target.

In the report, Sterne Agee noted, “We are initiating coverage with a Neutral rating as we view current earnings expectations and the valuation as reflecting a consensus outlook of moderately higher existing home sales/prices, and resulting margin expansion, over the next two years. Our DCF analysis indicates shares trade near fair value on this scenario while our sensitivity analysis indicates existing home sales would have to exceed economists' forecast by 8-10% to drive 15-20% upside to current EPS expectations.”

Realogy Holdings Corp. closed on Tuesday at $42.59.

Latest Ratings for RLGY

Nov 2016Evercore ISI GroupInitiates Coverage OnHold
Oct 2016WedbushInitiates Coverage onNeutral
Aug 2016CitigroupMaintainsBuy

View More Analyst Ratings for RLGY
View the Latest Analyst Ratings

Posted-In: Kenneth James Sterne AgeeAnalyst Color Initiation Analyst Ratings


Related Articles (RLGY)

View Comments and Join the Discussion!