Raymond James Financial Lowers Real Matters (TSE:REAL) Price Target to C$8.25

Key Points

• Raymond James cut its price target on Real Matters to C$8.25 (from C$9.00) while maintaining an "outperform" rating, implying about a 41.27% upside from the prior close.
• Analyst consensus is a Moderate Buy with an average target of C$8.54; four analysts rate the stock Buy and two rate it Hold, while other targets range from C$6.00 to C$7.50.
• Real Matters trades at C$5.84 (market cap ~C$433.8M), reported C$0.01 EPS and C$65.68M revenue for the quarter, but has a negative net margin and negative return on equity, signaling profitability pressure.

Real Matters (TSE:REAL - Get Free Report) had its price objective cut by research analysts at Raymond James Financial from C$9.00 to C$8.25 in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Raymond James Financial's price target would suggest a potential upside of 41.27% from the stock's previous close.

Other analysts also recently issued reports about the stock. National Bank Financial lifted their price objective on shares of Real Matters from C$7.00 to C$7.50 and gave the stock a "sector perform" rating in a report on Monday. BMO Capital Markets dropped their price objective on shares of Real Matters from C$7.00 to C$6.00 and set a "market perform" rating for the company in a report on Monday. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$8.54.

Real Matters Price Performance

TSE:REAL remained flat at C$5.84 during trading hours on Monday. 42,760 shares of the company's stock traded hands, compared to its average volume of 80,716. The business's 50 day moving average price is C$5.84 and its 200 day moving average price is C$6.28. The company has a debt-to-equity ratio of 1.41, a current ratio of 111.56 and a quick ratio of 3.75. Real Matters has a 1 year low of C$5.01 and a 1 year high of C$8.00. The stock has a market cap of C$433.84 million, a price-to-earnings ratio of -14.97, a price-to-earnings-growth ratio of -59.18 and a beta of 1.19.

Real Matters (TSE:REAL - Get Free Report) last announced its quarterly earnings results on Friday, May 1st. The company reported C$0.01 EPS for the quarter. Real Matters had a negative net margin of 13.58% and a negative return on equity of 26.40%. The firm had revenue of C$65.68 million during the quarter. Equities research analysts anticipate that Real Matters will post 0.1956803 earnings per share for the current 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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