Resideo Technologies - REZI Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Resideo Technologies in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" REZI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in REZI, but not buy additional shares or sell existing shares.
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2 equities research analysts have issued twelve-month price targets for Resideo Technologies' shares. Their REZI share price forecasts range from $23.00 to $27.00. On average, they anticipate the company's share price to reach $25.00 in the next year. This suggests a possible upside of 34.7% from the stock's current price.
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Resideo Technologies' stock was trading at $16.45 at the beginning of 2023. Since then, REZI shares have increased by 12.8% and is now trading at $18.56.
View the best growth stocks for 2023 here.

Resideo Technologies saw a drop in short interest in December. As of December 30th, there was short interest totaling 1,590,000 shares, a drop of 19.7% from the December 15th total of 1,980,000 shares. Based on an average trading volume of 760,600 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.1% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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Resideo Technologies will be holding an earnings conference call on Wednesday, February 15th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Resideo Technologies, Inc. (NYSE:REZI) issued its quarterly earnings data on Tuesday, November, 1st. The company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by $0.15. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.68 billion. Resideo Technologies had a trailing twelve-month return on equity of 13.22% and a net margin of 4.96%.

Resideo Technologies updated its fourth quarter 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.55 billion-$1.60 billion, compared to the consensus revenue estimate of $1.66 billion.

20 employees have rated Resideo Technologies Chief Executive Officer Jay Geldmacher on Glassdoor.com. Jay Geldmacher has an approval rating of 58% among the company's employees. This puts Jay Geldmacher in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Resideo Technologies investors own include Home Depot (HD), Procter & Gamble (PG), Raytheon Technologies (RTX), CVS Health (CVS), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Garrett Motion (GTX), Verizon Communications (VZ) and Intel (INTC).

Resideo Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "REZI."

Resideo Technologies' stock is owned by many different institutional and retail investors. Top institutional shareholders include Natixis Advisors L.P. (0.39%), Comerica Bank (0.09%), State of Alaska Department of Revenue (0.07%), Yousif Capital Management LLC (0.06%), Maryland State Retirement & Pension System (0.04%) and SummerHaven Investment Management LLC (0.03%). Insiders that own company stock include Andrew C Teich, Anthony L Trunzo, Fradin Roger, Jack R Lazar, Jeannine J Lane, Nina Richardson, Paul F Deninger and Robert B Aarnes.
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Shares of REZI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of REZI stock can currently be purchased for approximately $18.56.

Resideo Technologies (NYSE:REZI) has a market capitalization of $2.71 billion and generates $5.85 billion in revenue each year. The company earns $242 million in net income (profit) each year or $2.08 on an earnings per share basis.

The company employs 13,300 workers across the globe.

Resideo Technologies' mailing address is 901 E 6TH STREET, AUSTIN TX, 78702. The official website for the company is www.resideo.com. The company can be reached via phone at (408) 573-5340 or via email at investorrelations@resideo.com.