CoreLogic, Inc. (CLGX) Rating Lowered to Hold at BidaskClub
CoreLogic, Inc. (NYSE:CLGX) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Friday.
A number of other research analysts have also commented on CLGX. Barclays PLC increased their price objective on CoreLogic from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, June 9th. Robert W. Baird raised their target price on CoreLogic from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Tuesday, June 13th. Oppenheimer Holdings, Inc. raised their target price on CoreLogic from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Zacks Investment Research raised CoreLogic from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $46.00 target price on shares of CoreLogic in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.00.
CoreLogic (NYSE CLGX) opened at 46.79 on Friday. The firm has a 50 day moving average price of $46.11 and a 200-day moving average price of $42.95. CoreLogic has a 12 month low of $34.59 and a 12 month high of $48.02. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 42.97 and a beta of 0.95.
CoreLogic (NYSE:CLGX) last issued its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.06. The business had revenue of $473.98 million for the quarter, compared to analyst estimates of $478.72 million. CoreLogic had a return on equity of 17.07% and a net margin of 4.99%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 EPS. On average, equities analysts forecast that CoreLogic will post $2.33 EPS for the current year.
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In other news, insider Barry M. Sando sold 23,200 shares of CoreLogic stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $47.01, for a total transaction of $1,090,632.00. Following the sale, the insider now owns 156,661 shares of the company’s stock, valued at approximately $7,364,633.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frank Martell sold 35,392 shares of CoreLogic stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $47.11, for a total value of $1,667,317.12. Following the sale, the chief executive officer now directly owns 251,344 shares in the company, valued at approximately $11,840,815.84. The disclosure for this sale can be found here. Insiders sold a total of 71,242 shares of company stock worth $3,325,193 in the last ninety days. Insiders own 1.20% of the company’s stock.
Several large investors have recently made changes to their positions in CLGX. BlackRock Inc. grew its holdings in shares of CoreLogic by 13,378.0% during the 1st quarter. BlackRock Inc. now owns 6,757,326 shares of the business services provider’s stock worth $275,158,000 after purchasing an additional 6,707,190 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of CoreLogic during the 2nd quarter worth approximately $54,918,000. Bessemer Group Inc. grew its holdings in shares of CoreLogic by 43.1% during the 2nd quarter. Bessemer Group Inc. now owns 2,918,525 shares of the business services provider’s stock worth $126,606,000 after purchasing an additional 879,164 shares in the last quarter. Banbury Partners LLC acquired a new stake in shares of CoreLogic during the 2nd quarter worth approximately $30,854,000. Finally, Vanguard Group Inc. grew its holdings in shares of CoreLogic by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 7,213,386 shares of the business services provider’s stock worth $293,729,000 after purchasing an additional 301,853 shares in the last quarter. 88.21% of the stock is currently owned by institutional investors.
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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