Real Matters (TSE:REAL) Cut to “Sector Perform” at ATB Cormark Capital Markets

Real Matters (TSE:REAL) was downgraded by research analysts at ATB Cormark Capital Markets from an “outperform” rating to a “sector perform” rating in a research report issued on Friday,BayStreet.CA reports. They currently have a C$6.00 price target on the stock, down from their previous price target of C$8.00. ATB Cormark Capital Markets’ price target suggests a potential upside of 24.48% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. National Bank Financial dropped 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 price objective on shares of Real Matters from C$8.25 to C$7.50 and set an “outperform” rating on the stock in a report on Friday. TD decreased their target price on shares of Real Matters from C$9.00 to C$7.00 and set a “buy” rating on the stock in a research report on Friday. Finally, BMO Capital Markets lowered their target price on shares of 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. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$7.43.

Real Matters Trading Down 0.2%

Shares of REAL stock traded down C$0.01 during mid-day trading on Friday, hitting C$4.82. 26,439 shares of the company’s stock were exchanged, compared to its average volume of 63,407. The stock has a market cap of C$358.06 million, a price-to-earnings ratio of -14.18, a PEG ratio of -59.18 and a beta of 1.62. The company has a quick ratio of 3.75, a current ratio of 111.56 and a debt-to-equity ratio of 1.41. Real Matters has a fifty-two week low of C$4.72 and a fifty-two week high of C$8.00. The stock has a 50-day simple moving average of C$5.20 and a two-hundred day simple moving average of C$5.78.

Real Matters (TSE:REAL) last released its earnings results on Thursday, July 30th. The company reported C$0.01 EPS for the quarter. Real Matters had a negative return on equity of 26.40% and a negative net margin of 13.58%.The firm had revenue of C$73.12 million during the quarter. Equities analysts expect 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.