In yesterday’s Wall Street session, Resideo Technologies Inc. (NYSE:REZI) shares traded at $18.09, up 4.27% from the previous session.
6 analysts cover Resideo Technologies Inc. (NYSE:REZI), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $27.00 and a low of $20.00, we find $24.00. Given the previous closing price of $17.35, this indicates a potential upside of 38.33 percent. REZI stock price is now -0.19% away from the 50-day moving average and -8.30% away from the 200-day moving average. The market capitalization of the company currently stands at $2.65B.
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The stock has received a hold rating from 4 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $23.75 as their price target over the next twelve months.
With the price target maintained at $27, Imperial Capital recently Downgraded its rating from Outperform to In-line for Resideo Technologies Inc. (NYSE: REZI). On March 17, 2021, Morgan Stanley recently initiated its ‘Equal-Weight’ rating on the stock quoting a target price of $33, while ‘ROTH Capital’ rates the stock as ‘Neutral’.
In other news, Geldmacher Jay L, President and CEO bought 7,500 shares of the company’s stock on Mar 07. The stock was bought for $131,475 at an average price of $17.53. Upon completion of the transaction, the President and CEO now directly owns 441,879 shares in the company, valued at $7.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03, Director Richardson Nina sold 3,458 shares of the business’s stock. A total of $64,941 was realized by selling the stock at an average price of $18.78. This leaves the insider owning 47,731 shares of the company worth $0.86 million. Insiders disposed of 155,413 shares of company stock worth roughly $2.81 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in REZI stock. A new stake in Resideo Technologies Inc. shares was purchased by FISHER ASSET MANAGEMENT, LLC during the first quarter worth $6,704,000. HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC invested $6,276,000 in shares of REZI during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in Resideo Technologies Inc. valued at approximately $1,142,000. MARYLAND STATE RETIREMENT & PENSION SYSTEM acquired a new stake in REZI for approximately $1,045,000. ENGINEERS GATE MANAGER LP purchased a new stake in REZI valued at around $703,000 in the second quarter. In total, there are 460 active investors with 94.50% ownership of the company’s stock.
On Wednesday morning Resideo Technologies Inc. (NYSE: REZI) stock kicked off with the opening price of $17.68. During the past 12 months, Resideo Technologies Inc. has had a low of $14.95 and a high of $27.07. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 1.60, and a quick ratio of 1.00. The fifty day moving average price for REZI is $18.12 and a two-hundred day moving average price translates $19.73 for the stock.
The latest earnings results from Resideo Technologies Inc. (NYSE: REZI) was released for Sep, 2022. According to the Security & Protection Services Company, earnings per share came in at $0.42, missing analysts’ expectations of $0.56 by -0.14. This compares to $0.45 EPS in the same period last year. The net profit margin was 4.40% and return on equity was 11.70% for REZI. The company reported revenue of $1.56 billion for the quarter, compared to $1.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.29 percent. For the current quarter, analysts expect REZI to generate $1.57B in revenue.
Resideo Technologies Inc.(REZI) Company Profile
Resideo Technologies, Inc. develops, manufactures, and sells comfort, residential thermal, and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products & Solutions, and ADI Global Distribution. It offers temperature and humidity control, thermal water, and air solutions; and security panels, sensors, peripherals, wires and cables, communication devices, video cameras, awareness solutions, cloud infrastructure, installation and maintenance tools, and related software products under the Honeywell Home brand. In addition, the company distributes security products comprising video, intrusion, and access control products; and smart home, fire, power, audio, ProAV, networking, communication, wire and cable, enterprise connectivity, and structured wiring products to contractors that service non-residential and residential end-users. It sells its products through a network of distributors, original equipment manufacturers, and service providers, as well as retail and online channels. Resideo Technologies, Inc. was incorporated in 2018 and is headquartered in Scottsdale, Arizona.
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