Relx (NYSE:RELX) Stock Lifted to “Strong-Buy” by Zacks Research

Relx (NYSE:RELX) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday, Zacks reports.

RELX has been the subject of a number of other reports. Wall Street Zen cut shares of Relx from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. The Goldman Sachs Group initiated coverage on Relx in a report on Wednesday, June 3rd. They issued a “buy” rating on the stock. Weiss Ratings upgraded Relx from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Barclays reissued an “overweight” rating on shares of Relx in a research note on Friday, July 24th. Finally, TD Cowen assumed coverage on Relx in a research report on Thursday, September 10th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Relx presently has a consensus rating of “Buy”.

Relx Trading Up 0.9%

NYSE:RELX opened at $33.48 on Wednesday. Relx has a twelve month low of $27.57 and a twelve month high of $47.22. The company has a debt-to-equity ratio of 5.23, a quick ratio of 0.40 and a current ratio of 0.45. The company has a 50-day moving average of $35.03 and a 200-day moving average of $34.03.

Hedge Funds Weigh In On Relx

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC lifted its holdings in shares of Relx by 2,468.4% in the first quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company’s stock valued at $32,000 after purchasing an additional 938 shares in the last quarter. Manchester Capital Management LLC grew its holdings in shares of Relx by 1,823.6% during the fourth quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock valued at $43,000 after buying an additional 1,003 shares in the last quarter. Palladiem LLC purchased a new position in shares of Relx during the fourth quarter valued at $44,000. V Square Quantitative Management LLC acquired a new position in Relx during the first quarter valued at $44,000. Finally, First Horizon Corp raised its position in Relx by 41.0% during the first quarter. First Horizon Corp now owns 1,352 shares of the technology company’s stock valued at $45,000 after buying an additional 393 shares during the period. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Relx Company Profile

RELX plc is a global information and analytics company that provides specialized content, data, software, and decision-support tools to professional and business customers. Its products are designed to help customers work more efficiently, manage risk, conduct research, comply with regulations, and make informed decisions.

The company operates through several major business areas. Elsevier serves the scientific, technical, and medical markets with research journals, books, databases, and analytical tools.