Barclays reiterated their buy rating on shares of Corelogic (NYSE:CLGX) in a research report report published on Friday. Barclays currently has a $58.00 target price on the business services provider’s stock.
A number of other analysts have also recently weighed in on the stock. BidaskClub raised shares of Corelogic from a hold rating to a buy rating in a report on Tuesday, October 17th. Piper Jaffray Companies reissued a hold rating and set a $50.00 price objective on shares of Corelogic in a report on Friday, October 27th. SunTrust Banks cut shares of Corelogic from a buy rating to a hold rating and set a $46.00 price objective on the stock. in a report on Tuesday, November 28th. William Blair cut shares of Corelogic from an outperform rating to a market perform rating in a report on Wednesday, November 8th. Finally, Compass Point initiated coverage on shares of Corelogic in a report on Wednesday, January 3rd. They set a neutral rating and a $49.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Corelogic has a consensus rating of Hold and a consensus target price of $49.25.
Shares of Corelogic (CLGX) opened at $46.05 on Friday. The firm has a market cap of $3,780.00, a P/E ratio of 43.44, a P/E/G ratio of 1.97 and a beta of 0.84. Corelogic has a 1-year low of $34.59 and a 1-year high of $49.30. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.69.
Corelogic (NYSE:CLGX) last issued its earnings results on Wednesday, October 25th. The business services provider reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The firm had revenue of $483.10 million for the quarter, compared to analysts’ expectations of $490.09 million. Corelogic had a net margin of 4.86% and a return on equity of 17.10%. The firm’s revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 earnings per share. equities analysts forecast that Corelogic will post 2.04 EPS for the current year.
In other news, Director Mary Lee Widener sold 900 shares of Corelogic stock in a transaction on Monday, October 30th. The shares were sold at an average price of $46.70, for a total value of $42,030.00. Following the transaction, the director now directly owns 8,434 shares of the company’s stock, valued at approximately $393,867.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in CLGX. Invictus RG grew its position in Corelogic by 98.4% in the 3rd quarter. Invictus RG now owns 2,633 shares of the business services provider’s stock valued at $122,000 after buying an additional 1,306 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Corelogic by 9.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,351 shares of the business services provider’s stock valued at $145,000 after buying an additional 283 shares during the last quarter. Covington Capital Management purchased a new position in Corelogic in the 2nd quarter valued at $202,000. ETF Managers Group LLC purchased a new position in Corelogic in the 2nd quarter valued at $211,000. Finally, Calamos Advisors LLC purchased a new position in Corelogic in the 3rd quarter valued at $218,000. 88.80% of the stock is currently owned by institutional investors and hedge funds.
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Corelogic Company Profile
CoreLogic, Inc is a provider of property information, analytics and data-enabled services. The Company provides detailed coverage of property, mortgages and other encumbrances, property risk and replacement cost, consumer credit, tenancy, location, hazard risk and related performance information. Its segments include Property Intelligence (PI), Risk Management and Work Flow (RMW), and Corporate.
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