Real Matters (TSE:REAL) Downgraded to Sector Perform Rating by ATB Cormark Capital Markets

ATB Cormark Capital Markets downgraded shares of Real Matters (TSE:REAL) from an outperform rating to a sector perform rating in a research report sent to investors on Friday morning,BayStreet.CA reports. The firm currently has C$6.00 target price on the stock, down from their previous target price of C$8.00.

Other equities research analysts have also issued research reports about the stock. National Bank Financial decreased their price objective on shares of Real Matters from C$7.50 to C$6.50 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. Raymond James Financial cut their target price on Real Matters from C$8.25 to C$7.50 and set an “outperform” rating on the stock in a research note on Friday. BMO Capital Markets reduced their target price on Real Matters from C$7.00 to C$6.00 and set a “market perform” rating for the company in a report on Monday, May 4th. Finally, TD decreased their price target on Real Matters from C$9.00 to C$7.00 and set a “buy” rating for the company in a research report on Friday. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$7.43.

Real Matters Stock Performance

Shares of REAL stock opened at C$4.80 on Friday. The firm has a 50-day moving average of C$5.18 and a 200-day moving average of C$5.78. The company has a market cap of C$356.58 million, a P/E ratio of -14.12, a P/E/G ratio of -59.18 and a beta of 1.62. The company has a debt-to-equity ratio of 1.46, a current ratio of 113.51 and a quick ratio of 3.75. Real Matters has a one year low of C$4.72 and a one year high of C$8.00.

Real Matters (TSE:REAL) last released its quarterly earnings results on Thursday, July 30th. The company reported C$0.01 earnings per share for the quarter. Real Matters had a negative net margin of 10.15% and a negative return on equity of 21.51%. The business had revenue of C$73.12 million for the quarter. Equities research analysts forecast that Real Matters will post 0.1956803 EPS for the current fiscal year.

Real Matters Company Profile

Real Matters is a leading network management services provider for the mortgage lending and insurance industries. Real Matters’ platform combines its proprietary technology and network management capabilities with tens of thousands of independent qualified field professionals to create an efficient marketplace for the provision of mortgage lending and insurance industry services. Our clients include top 100 mortgage lenders in the U.S. and some of the largest banks and insurance companies in Canada.