CoreLogic, Inc. (CLGX) Upgraded by BidaskClub to “Buy”

CoreLogic, Inc. (NYSE:CLGX) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other research analysts have also commented on the company. Zacks Investment Research lowered CoreLogic from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $46.00 price objective on shares of CoreLogic in a report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. increased their price objective on CoreLogic from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. CoreLogic currently has an average rating of “Hold” and a consensus price target of $45.00.

CoreLogic (CLGX) opened at 48.90 on Tuesday. CoreLogic has a 52-week low of $34.59 and a 52-week high of $49.21. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 44.90 and a beta of 0.93. The company’s 50-day moving average price is $46.91 and its 200 day moving average price is $44.05.

CoreLogic (NYSE:CLGX) last issued its earnings results on Tuesday, July 25th. The business services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.06. CoreLogic had a return on equity of 17.07% and a net margin of 4.99%. The company had revenue of $473.98 million for the quarter, compared to analyst estimates of $478.72 million. During the same period in the prior year, the firm posted $0.65 EPS. The business’s revenue was down 5.2% compared to the same quarter last year. Equities research analysts predict that CoreLogic will post $2.33 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This piece of content was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/17/corelogic-inc-clgx-upgraded-by-bidaskclub-to-buy.html.

In other CoreLogic news, CEO Frank Martell sold 35,392 shares of the firm’s 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 owns 251,344 shares of the company’s stock, valued at approximately $11,840,815.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Barry M. Sando sold 23,200 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $7,364,633.61. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,242 shares of company stock worth $3,105,193. 1.20% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ETF Managers Group LLC acquired a new stake in CoreLogic in the 2nd quarter valued at approximately $211,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 last quarter. Covington Capital Management acquired a new stake in CoreLogic in the 2nd quarter valued at approximately $202,000. Greenwood Capital Associates LLC acquired a new stake in CoreLogic in the 2nd quarter valued at approximately $210,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in CoreLogic in the 2nd quarter valued at approximately $239,000. 88.15% of the stock is currently owned by hedge fund

A number of other research analysts have also commented on the company. Zacks Investment Research lowered CoreLogic from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $46.00 price objective on shares of CoreLogic in a report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. increased their price objective on CoreLogic from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. CoreLogic currently has an average rating of “Hold” and a consensus price target of $45.00.

CoreLogic (CLGX) opened at 48.90 on Tuesday. CoreLogic has a 52-week low of $34.59 and a 52-week high of $49.21. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 44.90 and a beta of 0.93. The company’s 50-day moving average price is $46.91 and its 200 day moving average price is $44.05.

CoreLogic (NYSE:CLGX) last issued its earnings results on Tuesday, July 25th. The business services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.06. CoreLogic had a return on equity of 17.07% and a net margin of 4.99%. The company had revenue of $473.98 million for the quarter, compared to analyst estimates of $478.72 million. During the same period in the prior year, the firm posted $0.65 EPS. The business’s revenue was down 5.2% compared to the same quarter last year. Equities research analysts predict that CoreLogic will post $2.33 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This piece of content was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/17/corelogic-inc-clgx-upgraded-by-bidaskclub-to-buy.html.

In other CoreLogic news, CEO Frank Martell sold 35,392 shares of the firm’s 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 owns 251,344 shares of the company’s stock, valued at approximately $11,840,815.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Barry M. Sando sold 23,200 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $7,364,633.61. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,242 shares of company stock worth $3,105,193. 1.20% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ETF Managers Group LLC acquired a new stake in CoreLogic in the 2nd quarter valued at approximately $211,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 last quarter. Covington Capital Management acquired a new stake in CoreLogic in the 2nd quarter valued at approximately $202,000. Greenwood Capital Associates LLC acquired a new stake in CoreLogic in the 2nd quarter valued at approximately $210,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in CoreLogic in the 2nd quarter valued at approximately $239,000. 88.15% of the stock is currently owned by hedge funds and other institutional investors.

About CoreLogic

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.

Analyst Recommendations for CoreLogic (NYSE:CLGX)

Receive News & Ratings for CoreLogic Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreLogic Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply