Relx (NYSE:RELX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Relx (NYSE:RELX) from a hold rating to a buy rating in a research report released on Monday morning.

Several other equities analysts have also commented on RELX. Zacks Research raised Relx from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Morgan Stanley restated an “overweight” rating on shares of Relx in a research note on Monday, February 2nd. Citigroup initiated coverage on shares of Relx in a report on Monday, January 12th. They set a “neutral” rating for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Relx in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Relx Stock Performance

NYSE:RELX opened at $32.71 on Monday. The firm’s fifty day simple moving average is $37.03 and its 200 day simple moving average is $41.95. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49. Relx has a twelve month low of $27.57 and a twelve month high of $56.33.

Relx (NYSE:RELX) last released its quarterly earnings data on Thursday, February 12th. The technology company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.42). The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $6.70 billion. As a group, research analysts expect that Relx will post 1.68 earnings per share for the current year.

Relx Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, June 24th. Investors of record on Friday, May 8th will be paid a dividend of $0.6559 per share. The ex-dividend date is Friday, May 8th. This represents a yield of 422.0%.

Institutional Trading of Relx

A number of institutional investors and hedge funds have recently modified their holdings of the business. Capital International Investors grew its position in shares of Relx by 66.7% during the 4th quarter. Capital International Investors now owns 10,662,595 shares of the technology company’s stock valued at $433,887,000 after buying an additional 4,264,474 shares during the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of Relx by 622.0% during the second quarter. Orion Porfolio Solutions LLC now owns 1,350,189 shares of the technology company’s stock valued at $73,369,000 after purchasing an additional 1,163,189 shares during the last quarter. Millennium Management LLC raised its position in shares of Relx by 251.6% during the 4th quarter. Millennium Management LLC now owns 1,207,191 shares of the technology company’s stock worth $48,795,000 after purchasing an additional 863,856 shares during the period. Voloridge Investment Management LLC bought a new stake in shares of Relx in the 3rd quarter worth approximately $39,737,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Relx by 80.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,488,278 shares of the technology company’s stock valued at $60,156,000 after purchasing an additional 664,888 shares during the period. 15.02% of the stock is owned by institutional investors and hedge funds.

Relx Company Profile

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.