Resideo Technologies, Inc. (NYSE:REZI) Receives Average Rating of “Hold” from Analysts

Resideo Technologies, Inc. (NYSE:REZI) has been given a consensus recommendation of “Hold” by the five analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $34.6667.

REZI has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Wall Street Zen downgraded shares of Resideo Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a research report on Thursday, January 22nd.

Resideo Technologies Trading Up 0.6%

Shares of REZI stock opened at $35.80 on Monday. Resideo Technologies has a 1-year low of $14.18 and a 1-year high of $45.29. The company has a current ratio of 1.88, a quick ratio of 1.07 and a debt-to-equity ratio of 1.38. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of -7.65 and a beta of 1.73. The stock has a 50-day moving average of $35.78 and a 200-day moving average of $36.02.

Hedge Funds Weigh In On Resideo Technologies

Several institutional investors have recently added to or reduced their stakes in REZI. ORG Partners LLC grew its position in shares of Resideo Technologies by 588.2% during the 3rd quarter. ORG Partners LLC now owns 585 shares of the company’s stock worth $25,000 after buying an additional 500 shares during the period. Sound Income Strategies LLC bought a new position in Resideo Technologies during the fourth quarter worth $25,000. Danske Bank A S grew its holdings in Resideo Technologies by 600.0% in the fourth quarter. Danske Bank A S now owns 700 shares of the company’s stock worth $25,000 after purchasing an additional 600 shares during the period. Larson Financial Group LLC grew its holdings in Resideo Technologies by 283.8% in the third quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock worth $25,000 after purchasing an additional 420 shares during the period. Finally, Cullen Frost Bankers Inc. increased its stake in Resideo Technologies by 1,778.8% in the third quarter. Cullen Frost Bankers Inc. now owns 620 shares of the company’s stock valued at $27,000 after purchasing an additional 587 shares in the last quarter. 91.71% of the stock is owned by institutional investors and hedge funds.

About Resideo Technologies

Resideo Technologies, Inc, headquartered in Austin, Texas, is a global provider of home comfort, security and energy management solutions. Formed as an independent company in 2018 following its spin-off from Honeywell, Resideo leverages decades of engineering experience to deliver connected products and services to residential and light commercial customers.

The company’s core offerings include smart thermostats, security systems, video doorbells, water leak and freeze detection devices, and indoor air quality monitors.