Corelogic (NYSE:CLGX) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c” rating in a report released on Friday, TheStreetRatingsTable reports.
A number of other brokerages also recently issued reports on CLGX. Compass Point set a $44.00 target price on Corelogic and gave the stock a “hold” rating in a research note on Friday, July 26th. SunTrust Banks set a $44.00 target price on Corelogic and gave the stock a “hold” rating in a research note on Friday, October 25th. Deutsche Bank downgraded Corelogic from a “hold” rating to a “sell” rating and cut their target price for the stock from $43.00 to $39.00 in a research note on Thursday, October 24th. ValuEngine downgraded Corelogic from a “buy” rating to a “hold” rating in a research note on Saturday, September 14th. Finally, Robert W. Baird set a $45.00 target price on Corelogic and gave the stock a “hold” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Corelogic currently has an average rating of “Hold” and a consensus price target of $45.63.
Shares of CLGX stock traded down $0.04 during trading hours on Friday, reaching $38.59. 78,038 shares of the company’s stock were exchanged, compared to its average volume of 841,397. The company has a market cap of $3.10 billion, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 1.50 and a beta of 0.70. The company’s 50 day moving average is $44.15 and its two-hundred day moving average is $43.87. Corelogic has a 1 year low of $31.87 and a 1 year high of $49.49. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.11 and a quick ratio of 1.11.
Corelogic (NYSE:CLGX) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $458.96 million during the quarter, compared to the consensus estimate of $457.49 million. Corelogic had a return on equity of 18.36% and a net margin of 1.83%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 EPS. As a group, analysts predict that Corelogic will post 2.35 EPS for the current fiscal year.
In related news, Director Barry M. Sando sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $48.24, for a total value of $723,600.00. Following the sale, the director now owns 149,666 shares in the company, valued at approximately $7,219,887.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Vikrant Raina purchased 2,500 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was purchased at an average price of $39.97 per share, for a total transaction of $99,925.00. Following the acquisition, the director now owns 11,384 shares in the company, valued at $455,018.48. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 31,600 shares of company stock worth $1,495,557. Insiders own 1.10% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BBVA USA Bancshares Inc. acquired a new stake in shares of Corelogic in the 3rd quarter worth approximately $545,000. Knuff & Co LLC acquired a new stake in shares of Corelogic in the 3rd quarter worth approximately $28,000. Sompo Japan Nipponkoa Asset Management CO. LTD. grew its holdings in shares of Corelogic by 16.0% in the 3rd quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 8,410 shares of the business services provider’s stock worth $389,000 after acquiring an additional 1,160 shares during the period. California Public Employees Retirement System grew its holdings in Corelogic by 19.7% during the 3rd quarter. California Public Employees Retirement System now owns 180,484 shares of the business services provider’s stock valued at $8,351,000 after buying an additional 29,741 shares during the last quarter. Finally, State of Tennessee Treasury Department acquired a new stake in Corelogic during the 3rd quarter valued at $4,164,000. Institutional investors and hedge funds own 93.71% of the company’s stock.
Corelogic Company Profile
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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