Corelogic (NYSE:CLGX) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of Corelogic (NYSE:CLGX) from a buy rating to a hold rating in a research note released on Saturday morning, ValuEngine reports.

Several other equities analysts also recently issued reports on CLGX. Barclays assumed coverage on shares of Corelogic in a report on Wednesday, August 21st. They set an overweight rating and a $54.00 price target for the company. Robert W. Baird set a $45.00 price target on shares of Corelogic and gave the company a hold rating in a report on Friday, July 26th. Compass Point set a $44.00 price target on shares of Corelogic and gave the company a hold rating in a report on Friday, July 26th. Finally, Zacks Investment Research raised shares of Corelogic from a hold rating to a strong-buy rating and set a $53.00 price target for the company in a report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $45.56.

Shares of CLGX opened at $45.99 on Friday. Corelogic has a 1 year low of $31.87 and a 1 year high of $50.84. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 1.83 and a beta of 0.78. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a fifty day moving average of $46.92 and a 200-day moving average of $42.20.

Corelogic (NYSE:CLGX) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. Corelogic had a net margin of 1.80% and a return on equity of 17.14%. The company had revenue of $459.54 million during the quarter, compared to the consensus estimate of $444.22 million. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. Analysts predict that Corelogic will post 2.3 EPS for the current year.

In related news, Director Paul F. Folino sold 1,100 shares of Corelogic stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $45.84, for a total transaction of $50,424.00. Following the sale, the director now directly owns 9,902 shares in the company, valued at $453,907.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Barry M. Sando sold 15,000 shares of Corelogic stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $48.24, for a total transaction of $723,600.00. Following the sale, the director now owns 149,666 shares in the company, valued at $7,219,887.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,800 shares of company stock worth $1,610,448. Company insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Nordea Investment Management AB raised its position in Corelogic by 4.4% in the first quarter. Nordea Investment Management AB now owns 186,800 shares of the business services provider’s stock worth $6,961,000 after acquiring an additional 7,800 shares in the last quarter. NumerixS Investment Technologies Inc raised its position in Corelogic by 68.8% in the first quarter. NumerixS Investment Technologies Inc now owns 3,200 shares of the business services provider’s stock worth $118,000 after acquiring an additional 1,304 shares in the last quarter. Renaissance Technologies LLC raised its position in Corelogic by 102.3% in the second quarter. Renaissance Technologies LLC now owns 659,300 shares of the business services provider’s stock worth $27,579,000 after acquiring an additional 333,380 shares in the last quarter. TD Asset Management Inc. raised its position in Corelogic by 4.8% in the second quarter. TD Asset Management Inc. now owns 307,000 shares of the business services provider’s stock worth $12,842,000 after acquiring an additional 14,200 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Corelogic by 203.7% in the second quarter. Envestnet Asset Management Inc. now owns 24,901 shares of the business services provider’s stock worth $1,042,000 after acquiring an additional 16,701 shares in the last quarter. Institutional investors and hedge funds own 93.12% of the company’s stock.

About Corelogic

CoreLogic, Inc, together with its subsidiaries, provides property information, insight, analytics, and data-enabled solutions in North America, Western Europe, and the Asia Pacific. The company operates in two segments, Property Intelligence & Risk Management Solutions (PIRM) and Underwriting & Workflow Solutions (UWS).

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Analyst Recommendations for Corelogic (NYSE:CLGX)

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