Real Matters Inc. (TSE:REAL) Stock Has Consensus Target Price of C$7.43

Key Points

• Analyst consensus is “Moderate Buy” for Real Matters, with four buy ratings and three holds. The average 12-month target price is C$7.43.
• Several analysts recently lowered their targets: ATB Cormark cut its target to C$6.00, TD to C$7.00, and Raymond James to C$7.50.
• Real Matters shares opened at C$3.29, near their 12-month low of C$3.25, while the company reported quarterly revenue of C$73.12 million and EPS of C$0.01. The firm continues to post negative net margins and return on equity.

Real Matters Inc. (TSE:REAL - Get Free Report) has earned an average rating of "Moderate Buy" from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$7.43.

Several equities research analysts have weighed in on the company. ATB Cormark Capital Markets cut Real Matters from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from C$8.00 to C$6.00 in a report on Friday, July 31st. TD cut their price target 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. Finally, Raymond James Financial decreased their price objective on Real Matters from C$8.25 to C$7.50 and set an "outperform" rating for the company in a report on Friday, July 31st.

Real Matters Stock Down 1.5%

Shares of TSE:REAL opened at C$3.29 on Thursday. The company has a market cap of C$244.41 million, a price-to-earnings ratio of -12.19, a PEG ratio of -59.18 and a beta of 1.58. Real Matters has a 12 month low of C$3.25 and a 12 month high of C$7.75. The company has a current ratio of 113.51, a quick ratio of 3.75 and a debt-to-equity ratio of 1.46. The company has a 50-day moving average price of C$4.44 and a 200 day moving average price of C$5.12.

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

About Real Matters

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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