Real Matters Inc. (TSE:REAL) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Real Matters has a “Moderate Buy” consensus from seven analysts, with four buy ratings and three holds; the average 12-month price target is C$7.43.
• Several brokerages recently lowered their price targets, including ATB Cormark to C$6.00, TD to C$7.00, National Bank to C$6.50, and Raymond James to C$7.50.
• The stock opened at C$4.42, near its 12-month low of C$4.32, while the company reported C$0.01 in quarterly EPS on C$73.12 million in revenue and maintained negative net margins and return on equity.

Shares of Real Matters Inc. (TSE:REAL - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven research firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$7.43.

REAL has been the subject of several recent research reports. ATB Cormark Capital Markets lowered Real Matters from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from C$8.00 to C$6.00 in a report on Friday, July 31st. TD lowered their target price on Real Matters from C$9.00 to C$7.00 and set a "buy" rating on the stock in a research note on Friday, July 31st. National Bank Financial dropped their target price on Real Matters from C$7.50 to C$6.50 and set a "sector perform" rating on the stock in a research report on Wednesday, May 27th. Finally, Raymond James Financial cut their price target on Real Matters from C$8.25 to C$7.50 and set an "outperform" rating for the company in a research note on Friday, July 31st.

Real Matters Stock Down 1.1%

Real Matters stock opened at C$4.42 on Friday. Real Matters has a twelve month low of C$4.32 and a twelve month high of C$8.00. The company has a debt-to-equity ratio of 1.46, a quick ratio of 3.75 and a current ratio of 113.51. The firm has a market cap of C$328.36 million, a PE ratio of -16.37, a P/E/G ratio of -59.18 and a beta of 1.58. The firm's 50 day moving average price is C$4.94 and its two-hundred day moving average price is C$5.42.

Real Matters (TSE:REAL - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported C$0.01 earnings per share (EPS) for the quarter. Real Matters had a negative net margin of 10.07% and a negative return on equity of 21.48%. The company had revenue of C$73.12 million during the quarter. On average, research analysts predict that Real Matters will post 0.1956803 EPS for the current fiscal year.

Real Matters Company Profile

Real Matters is a leading network management services provider for the mortgage lending and insurance industries. Real Matters' platform combines its proprietary technology and network management capabilities with tens of thousands of independent qualified field professionals to create an efficient marketplace for the provision of mortgage lending and insurance industry services. Our clients include top 100 mortgage lenders in the U.S. and some of the largest banks and insurance companies in Canada.

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