Relx (NYSE:RELX) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Relx (NYSE:RELX) from a buy rating to a hold rating in a report published on Sunday morning.

Other analysts have also recently issued research reports about the company. Morgan Stanley reissued an “overweight” rating on shares of Relx in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft raised Relx from a “hold” rating to a “buy” rating in a report on Tuesday, December 9th. Zacks Research upgraded shares of Relx from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Citigroup initiated coverage on shares of Relx in a research report on Monday, January 12th. They issued a “neutral” rating for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Relx in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy”.

Relx Stock Performance

Shares of Relx stock opened at $30.41 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 2.38. The firm’s 50 day moving average price is $38.14 and its 200-day moving average price is $42.68. Relx has a 52-week low of $27.57 and a 52-week high of $56.33.

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

Relx Dividend Announcement

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

Institutional Trading of Relx

Several institutional investors and hedge funds have recently bought and sold shares of the business. Frank Rimerman Advisors LLC raised its holdings in shares of Relx by 3.5% during the second quarter. Frank Rimerman Advisors LLC now owns 6,866 shares of the technology company’s stock worth $373,000 after purchasing an additional 230 shares during the last quarter. Whipplewood Advisors LLC boosted its holdings in Relx by 15.7% in the second quarter. Whipplewood Advisors LLC now owns 1,719 shares of the technology company’s stock valued at $93,000 after purchasing an additional 233 shares during the last quarter. Global Retirement Partners LLC grew its position in Relx by 6.3% during the 3rd quarter. Global Retirement Partners LLC now owns 4,067 shares of the technology company’s stock worth $194,000 after purchasing an additional 240 shares during the period. Huntington National Bank raised its stake in shares of Relx by 5.1% during the 3rd quarter. Huntington National Bank now owns 5,150 shares of the technology company’s stock valued at $246,000 after buying an additional 250 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of Relx by 3.2% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 8,039 shares of the technology company’s stock valued at $384,000 after buying an additional 252 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.

About Relx

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.