Market Overview

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

Share:
Related RLGY
15 Biggest Mid-Day Gainers For Friday
Earnings Scheduled For February 24, 2017

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

DateFirmActionFromTo
Jan 2017Deutsche BankInitiates Coverage OnHold
Jan 2017Deutsche BankInitiates Coverage OnHold
Jan 2017BarclaysInitiates Coverage OnUnderweight

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!