Real Matters Inc. (TSE:REAL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Real Matters Inc. (TSE:REAL) have been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$7.43.

Several equities analysts have weighed in on the company. TD cut their target price on Real Matters from C$9.00 to C$7.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Raymond James Financial decreased their price target on Real Matters from C$8.25 to C$7.50 and set an “outperform” rating for the company in a research note on Friday, July 31st. National Bank Financial lowered their price objective on Real Matters from C$7.50 to C$6.50 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. ATB Cormark Capital Markets downgraded Real Matters from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$8.00 to C$6.00 in a research note on Friday, July 31st. Finally, 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.

Real Matters Stock Down 0.8%

Real Matters stock opened at C$4.97 on Wednesday. The company has a market capitalization of C$369.22 million, a P/E ratio of -18.41, a P/E/G ratio of -59.18 and a beta of 1.58. The firm’s fifty day simple moving average is C$5.09 and its 200-day simple moving average is C$5.60. The company has a current ratio of 113.51, a quick ratio of 3.75 and a debt-to-equity ratio of 1.46. Real Matters has a 1-year low of C$4.72 and a 1-year high of C$8.00.

Real Matters (TSE:REAL) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$73.12 million during the quarter. Real Matters had a negative net margin of 10.07% and a negative return on equity of 21.48%. Sell-side analysts forecast that Real Matters will post 0.1956803 earnings per share for the current fiscal year.

About Real Matters

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.