Anywhere Real Estate (NYSE:HOUS) Price Target Raised to $13.00

by · The Cerbat Gem

Anywhere Real Estate (NYSE:HOUS – Get Free Report) had its price objective raised by Keefe, Bruyette & Woods from $11.00 to $13.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential downside of 8.74% from the company’s previous close.

Several other analysts have also recently weighed in on HOUS. Barclays boosted their price objective on shares of Anywhere Real Estate from $13.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, December 8th. JPMorgan Chase & Co. upgraded Anywhere Real Estate from an “underweight” rating to a “neutral” rating and set a $10.00 price target on the stock in a research report on Monday, September 22nd. Compass Point set a $11.00 price target on Anywhere Real Estate in a research note on Tuesday, September 23rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Anywhere Real Estate in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Anywhere Real Estate has a consensus rating of “Reduce” and a consensus price target of $13.25.

Read Our Latest Analysis on Anywhere Real Estate

Anywhere Real Estate Stock Performance

Anywhere Real Estate stock opened at $14.25 on Thursday. The business has a 50 day moving average of $12.17 and a 200-day moving average of $7.93. The company has a market capitalization of $1.60 billion, a P/E ratio of -12.28 and a beta of 1.87. Anywhere Real Estate has a 1 year low of $2.71 and a 1 year high of $15.14. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.46 and a quick ratio of 0.46.

Anywhere Real Estate (NYSE:HOUS – Get Free Report) last posted its earnings results on Tuesday, November 4th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.30). Anywhere Real Estate had a negative return on equity of 5.04% and a negative net margin of 2.18%.The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the firm earned $0.06 earnings per share. The company’s revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts predict that Anywhere Real Estate will post 0.05 earnings per share for the current year.

Institutional Investors Weigh In On Anywhere Real Estate

Several institutional investors and hedge funds have recently made changes to their positions in the business. PenderFund Capital Management Ltd. acquired a new stake in Anywhere Real Estate during the third quarter worth approximately $58,000. Highbridge Capital Management LLC acquired a new position in Anywhere Real Estate in the third quarter valued at approximately $106,000. State of Wyoming bought a new position in shares of Anywhere Real Estate during the 3rd quarter worth approximately $111,000. May Hill Capital LLC acquired a new stake in shares of Anywhere Real Estate during the 2nd quarter worth approximately $40,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Anywhere Real Estate during the 3rd quarter worth approximately $117,000. Institutional investors own 97.56% of the company’s stock.

Anywhere Real Estate Company Profile

(Get Free Report)

Anywhere Real Estate Inc, through its subsidiaries, provides residential real estate services in the United States and internationally. The company operates through three segments: Anywhere Brands, Anywhere Advisors, and Anywhere Integrated Services. The Anywhere Brands segment franchises the Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, and Sotheby's International Realty brand names.

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