Anywhere Real Estate (NYSE:HOUS) Stock Price Expected to Rise, Barclays Analyst Says

Anywhere Real Estate (NYSE:HOUS) had its price target hoisted by equities researchers at Barclays from $11.00 to $13.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 2.52% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on HOUS. Compass Point set a $11.00 price objective on Anywhere Real Estate in a research note on Tuesday, September 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Anywhere Real Estate in a report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price target on shares of Anywhere Real Estate from $4.50 to $11.00 and gave the company a “market perform” rating in a report on Tuesday. Wall Street Zen lowered shares of Anywhere Real Estate from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Finally, JPMorgan Chase & Co. raised shares of Anywhere Real Estate from an “underweight” rating to a “neutral” rating and set a $10.00 target price for the company in a research report on Monday, September 22nd. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $11.25.

Anywhere Real Estate Trading Up 0.1%

NYSE HOUS opened at $12.68 on Wednesday. Anywhere Real Estate has a one year low of $2.71 and a one year high of $12.93. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of -10.93 and a beta of 1.83. The company’s 50-day simple moving average is $9.68 and its two-hundred day simple moving average is $6.17.

Anywhere Real Estate (NYSE:HOUS) last released its quarterly earnings data on Tuesday, November 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.30). The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.53 billion. Anywhere Real Estate had a negative net margin of 2.18% and a negative return on equity of 5.04%. Anywhere Real Estate’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 earnings per share. Equities analysts forecast that Anywhere Real Estate will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Ballentine Partners LLC purchased a new position in shares of Anywhere Real Estate in the first quarter worth $39,000. May Hill Capital LLC acquired a new position in shares of Anywhere Real Estate in the 2nd quarter valued at $40,000. Avantax Advisory Services Inc. acquired a new position in shares of Anywhere Real Estate in the 1st quarter valued at $43,000. Los Angeles Capital Management LLC purchased a new position in Anywhere Real Estate in the 2nd quarter worth $53,000. Finally, Strs Ohio acquired a new stake in Anywhere Real Estate during the 1st quarter worth about $64,000. Institutional investors and hedge funds own 97.56% of the company’s stock.

Anywhere Real Estate Company Profile

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.