Piper Jaffray Thinks Realogy’s Stock is Going to Recover

In a report released yesterday, Jason Deleeuw from Piper Jaffray reiterated a Buy rating on Realogy (NYSE: RLGY), with a price target of $36. The company’s shares closed yesterday at $26.41, close to its 52-week low of $25.14.

According to TipRanks.com, Deleeuw is a 4-star analyst with an average return of 9.7% and a 69.8% success rate. Deleeuw covers the Financial sector, focusing on stocks such as Fidelity National Financial Ventures, Fidelity National Financial, and New Residential Inv.

Realogy has an analyst consensus of Hold, with a price target consensus of $32.33.

Realogy’s market cap is currently $3.57B and has a P/E ratio of 15.81. The company has a book value ratio of 1.4507.

Based on the recent corporate insider activity of 133 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RLGY in relation to earlier this year.

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Realogy Holdings Corp. is a residential real estate franchising and brokerage company. It operates through the following segments: Real Estate Franchise; Company Owned Real Estate Brokerage; Relocation, and Title and Settlement.