CoreLogic, Inc. (CLGX) Receives Average Rating of “Hold” from Brokerages
Shares of CoreLogic, Inc. (NYSE:CLGX) have been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $44.14.
CLGX has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $46.00 price target on shares of CoreLogic in a research note on Thursday, July 27th. Zacks Investment Research cut shares of CoreLogic from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Oppenheimer Holdings, Inc. lifted their price target on shares of CoreLogic from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Finally, BidaskClub raised shares of CoreLogic from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th.
In other CoreLogic news, insider Barry M. Sando sold 23,200 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $47.01, for a total value of $1,090,632.00. Following the completion of the sale, the insider now directly owns 156,661 shares of the company’s stock, valued at approximately $7,364,633.61. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Frank Martell sold 35,392 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $47.11, for a total transaction of $1,667,317.12. Following the completion of the sale, the chief executive officer now directly owns 251,344 shares of the company’s stock, valued at $11,840,815.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,242 shares of company stock valued at $3,105,193. 1.20% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in CoreLogic by 9.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,351 shares of the business services provider’s stock valued at $145,000 after buying an additional 283 shares during the period. Covington Capital Management purchased a new stake in CoreLogic in the 2nd quarter valued at about $202,000. Greenwood Capital Associates LLC purchased a new stake in CoreLogic in the 2nd quarter valued at about $210,000. ETF Managers Group LLC purchased a new stake in CoreLogic in the 2nd quarter valued at about $211,000. Finally, Laurion Capital Management LP purchased a new stake in CoreLogic in the 1st quarter valued at about $232,000. 88.16% of the stock is owned by institutional investors.
Shares of CoreLogic (NYSE:CLGX) opened at 49.10 on Friday. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 45.09 and a beta of 0.93. The stock’s 50 day moving average is $46.91 and its 200-day moving average is $44.02. CoreLogic has a 12-month low of $34.59 and a 12-month high of $49.21.
CoreLogic (NYSE:CLGX) last released its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.06. CoreLogic had a net margin of 4.99% and a return on equity of 17.07%. The firm had revenue of $473.98 million during the quarter, compared to analysts’ expectations of $478.72 million. During the same period in the previous year, the company earned $0.65 EPS. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, analysts expect that CoreLogic will post $2.33 earnings per share for the current year.
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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