CoreLogic Inc. (CLGX) PT Lowered to $43.00 at Keefe, Bruyette & Woods
CoreLogic Inc. (NYSE:CLGX) had its price objective reduced by Keefe, Bruyette & Woods from $44.50 to $43.00 in a research note published on Monday. They currently have a market perform rating on the stock.
Several other equities analysts have also weighed in on the stock. Barclays PLC increased their price objective on shares of CoreLogic from $44.00 to $46.00 and gave the company an overweight rating in a report on Thursday, July 7th. Robert W. Baird lowered shares of CoreLogic from an outperform rating to a neutral rating and increased their target price for the stock from $40.00 to $41.00 in a report on Wednesday, July 27th. Zacks Investment Research upgraded shares of CoreLogic from a hold rating to a strong-buy rating and set a $47.00 target price on the stock in a report on Friday, July 22nd. Oppenheimer Holdings Inc. reiterated an outperform rating and issued a $45.00 target price on shares of CoreLogic in a report on Friday, July 22nd. Finally, Piper Jaffray Cos. reiterated an overweight rating and issued a $48.00 target price on shares of CoreLogic in a report on Friday, August 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $43.72.
Shares of CoreLogic (NYSE:CLGX) opened at 39.74 on Monday. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 26.55 and a beta of 1.06. CoreLogic has a 1-year low of $30.73 and a 1-year high of $43.43. The company has a 50 day moving average of $39.84 and a 200 day moving average of $37.53.
CoreLogic (NYSE:CLGX) last announced its quarterly earnings data on Monday, July 25th. The company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.03. CoreLogic had a net margin of 7.73% and a return on equity of 14.56%. The business had revenue of $500 million for the quarter, compared to analyst estimates of $485.55 million. During the same period in the prior year, the business posted $0.55 earnings per share. CoreLogic’s revenue was up 29.5% compared to the same quarter last year. On average, equities analysts forecast that CoreLogic will post $2.28 earnings per share for the current fiscal year.
In related news, EVP Barry M. Sando sold 1,113 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $39.50, for a total value of $43,963.50. Following the completion of the transaction, the executive vice president now owns 154,341 shares of the company’s stock, valued at $6,096,469.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Anand K. Nallathambi sold 36,668 shares of the firm’s stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $38.02, for a total transaction of $1,394,117.36. Following the completion of the transaction, the chief executive officer now directly owns 226,047 shares of the company’s stock, valued at approximately $8,594,306.94. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Samlyn Capital LLC increased its position in CoreLogic by 15.7% in the first quarter. Samlyn Capital LLC now owns 2,498,258 shares of the company’s stock worth $86,690,000 after buying an additional 339,189 shares during the period. State Street Corp increased its position in shares of CoreLogic by 0.5% in the first quarter. State Street Corp now owns 2,389,973 shares of the company’s stock worth $82,929,000 after buying an additional 12,478 shares during the period. Atlanta Capital Management Co. L L C increased its position in shares of CoreLogic by 42.6% in the first quarter. Atlanta Capital Management Co. L L C now owns 1,038,925 shares of the company’s stock worth $36,051,000 after buying an additional 310,348 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of CoreLogic by 259.5% in the second quarter. BNP Paribas Arbitrage SA now owns 46,840 shares of the company’s stock worth $1,802,000 after buying an additional 33,809 shares during the period. Finally, BlackRock Group LTD increased its position in shares of CoreLogic by 13.5% in the first quarter. BlackRock Group LTD now owns 70,688 shares of the company’s stock worth $2,453,000 after buying an additional 8,388 shares during the period. 85.59% of the stock is owned by institutional investors and hedge funds.
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. It operates through two segments: Property Intelligence and Risk Management and Work Flow.
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