Shares of CoreLogic (NYSE:CLGX) have been given an average recommendation of “Hold” by the eleven research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $47.56.
A number of equities research analysts have recently issued reports on CLGX shares. Zacks Investment Research lowered CoreLogic from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Robert W. Baird dropped their price target on CoreLogic from $48.00 to $47.00 and set a “neutral” rating for the company in a research report on Wednesday, February 7th. Deutsche Bank set a $33.00 price target on CoreLogic and gave the company a “sell” rating in a research report on Tuesday, February 27th. Compass Point lowered CoreLogic from a “neutral” rating to a “sell” rating and set a $43.00 price target for the company. in a research report on Tuesday, February 6th. Finally, Barclays restated a “buy” rating and issued a $58.00 price target on shares of CoreLogic in a research report on Friday, January 5th.
In related news, insider Barry M. Sando sold 1,383 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $46.00, for a total value of $63,618.00. Following the transaction, the insider now directly owns 174,154 shares in the company, valued at $8,011,084. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in CoreLogic by 1.8% in the fourth quarter. BlackRock Inc. now owns 6,974,865 shares of the business services provider’s stock valued at $322,310,000 after acquiring an additional 120,789 shares during the last quarter. Lazard Asset Management LLC lifted its stake in CoreLogic by 70.3% during the fourth quarter. Lazard Asset Management LLC now owns 3,316,386 shares of the business services provider’s stock worth $153,250,000 after purchasing an additional 1,368,543 shares in the last quarter. Schroder Investment Management Group lifted its stake in CoreLogic by 4.0% during the fourth quarter. Schroder Investment Management Group now owns 2,191,221 shares of the business services provider’s stock worth $101,256,000 after purchasing an additional 83,883 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in CoreLogic by 4.7% during the third quarter. Neuberger Berman Group LLC now owns 1,360,517 shares of the business services provider’s stock worth $62,883,000 after purchasing an additional 60,714 shares in the last quarter. Finally, Copper Rock Capital Partners LLC lifted its stake in CoreLogic by 3.6% during the fourth quarter. Copper Rock Capital Partners LLC now owns 755,376 shares of the business services provider’s stock worth $34,634,000 after purchasing an additional 26,240 shares in the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s stock.
NYSE:CLGX traded down $0.38 during trading hours on Friday, hitting $44.59. 113,727 shares of the stock were exchanged, compared to its average volume of 452,275. CoreLogic has a 52-week low of $38.49 and a 52-week high of $49.30. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.67. The firm has a market cap of $3,675.03, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 1.78 and a beta of 0.89.
CoreLogic (NYSE:CLGX) last posted its quarterly earnings data on Monday, February 26th. The business services provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.05. The company had revenue of $454.16 million during the quarter, compared to analyst estimates of $450.54 million. CoreLogic had a return on equity of 16.73% and a net margin of 8.22%. CoreLogic’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 EPS. research analysts forecast that CoreLogic will post 2.31 earnings per share for the current year.
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CoreLogic Company Profile
CoreLogic, Inc provides property information, analytics, and data-enabled services in North America, Western Europe, and the Asia Pacific. The company's Property Intelligence segment owns or licenses loan information, property sales and characteristic information, property risk and replacement cost, natural hazard data, geospatial data, parcel maps, and mortgage-backed securities information.
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