RE/MAX (NYSE:RMAX) Price Target Cut to $9.00 by Analysts at Keefe, Bruyette & Woods

RE/MAX (NYSE:RMAX - Get Free Report) had its price objective lowered by Keefe, Bruyette & Woods from $10.00 to $9.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price objective would suggest a potential upside of 21.13% from the company's previous close.

Separately, StockNews.com upgraded shares of RE/MAX from a "buy" rating to a "strong-buy" rating in a report on Thursday, March 27th.

RE/MAX Price Performance

Shares of NYSE:RMAX traded down $0.03 during trading hours on Monday, hitting $7.43. 25,781 shares of the company's stock traded hands, compared to its average volume of 212,142. RE/MAX has a 1 year low of $6.90 and a 1 year high of $14.31. The firm has a market capitalization of $141.04 million, a P/E ratio of 21.34 and a beta of 1.25. The business has a fifty day moving average price of $8.33 and a 200-day moving average price of $10.27.

RE/MAX (NYSE:RMAX - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.10). RE/MAX had a negative return on equity of 38.69% and a net margin of 2.32%. The company had revenue of $72.47 million during the quarter, compared to analysts' expectations of $74.34 million. As a group, equities analysts predict that RE/MAX will post 0.89 earnings per share for the current year.

Institutional Investors Weigh In On RE/MAX

A number of hedge funds have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. boosted its holdings in shares of RE/MAX by 31.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,579 shares of the financial services provider's stock valued at $60,000 after buying an additional 1,336 shares in the last quarter. State of Wyoming purchased a new position in RE/MAX during the 4th quarter worth $91,000. Martingale Asset Management L P acquired a new position in RE/MAX during the 4th quarter valued at about $110,000. Wells Fargo & Company MN raised its stake in RE/MAX by 27.5% in the fourth quarter. Wells Fargo & Company MN now owns 10,603 shares of the financial services provider's stock valued at $113,000 after buying an additional 2,286 shares during the last quarter. Finally, AlphaQuest LLC grew its stake in shares of RE/MAX by 39.2% during the fourth quarter. AlphaQuest LLC now owns 11,829 shares of the financial services provider's stock worth $126,000 after acquiring an additional 3,329 shares during the last quarter. 93.17% of the stock is currently owned by hedge funds and other institutional investors.

About RE/MAX

RE/MAX Holdings, Inc operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally. It operates through Real Estate, Mortgage, and Marketing Funds segments. The company offers real estate brokerage franchising services under the RE/MAX brand; mortgage brokerage services to real estate brokers, real estate professionals, mortgage professionals, and other investors under the Motto Mortgage brand; and mortgage loan processing software and services under the wemlo brand.

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