CoreLogic, Inc. (NYSE:CLGX) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.
Several other equities analysts also recently weighed in on CLGX. William Blair downgraded CoreLogic from an “outperform” rating to a “market perform” rating in a report on Wednesday. Barclays PLC raised their price target on CoreLogic from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Piper Jaffray Companies restated a “hold” rating and set a $50.00 price target on shares of CoreLogic in a report on Friday, October 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $46.00 price target on shares of CoreLogic in a report on Thursday, July 27th. Finally, Zacks Investment Research downgraded CoreLogic from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $46.50.
CoreLogic (NYSE CLGX) opened at $44.87 on Thursday. CoreLogic has a twelve month low of $34.59 and a twelve month high of $49.30. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $3,796.61, a price-to-earnings ratio of 22.82, a PEG ratio of 2.05 and a beta of 0.87.
CoreLogic (NYSE:CLGX) last issued its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. CoreLogic had a return on equity of 17.10% and a net margin of 4.86%. The firm had revenue of $483.10 million during the quarter, compared to the consensus estimate of $490.09 million. During the same period last year, the company earned $0.73 earnings per share. The company’s revenue was down 7.8% on a year-over-year basis. sell-side analysts anticipate that CoreLogic will post 2.04 EPS for the current fiscal year.
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In related news, General Counsel Stergios Theologides sold 5,000 shares of CoreLogic stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $45.42, for a total value of $227,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frank Martell sold 35,392 shares of CoreLogic stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 251,344 shares of the company’s stock, valued at $11,840,815.84. The disclosure for this sale can be found here. Insiders sold a total of 64,492 shares of company stock valued at $3,027,079 over the last quarter. 1.20% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group increased its holdings in CoreLogic by 0.9% in the 3rd quarter. Schroder Investment Management Group now owns 2,107,338 shares of the business services provider’s stock worth $97,254,000 after buying an additional 18,675 shares in the last quarter. Legal & General Group Plc increased its holdings in CoreLogic by 13.9% in the 3rd quarter. Legal & General Group Plc now owns 83,041 shares of the business services provider’s stock worth $3,838,000 after buying an additional 10,122 shares in the last quarter. Hosking Partners LLP increased its holdings in CoreLogic by 0.5% in the 3rd quarter. Hosking Partners LLP now owns 462,193 shares of the business services provider’s stock worth $21,363,000 after buying an additional 2,091 shares in the last quarter. TD Asset Management Inc. increased its holdings in CoreLogic by 0.6% in the 3rd quarter. TD Asset Management Inc. now owns 210,400 shares of the business services provider’s stock worth $9,725,000 after buying an additional 1,209 shares in the last quarter. Finally, Yorktown Management & Research Co Inc bought a new stake in shares of CoreLogic during the 3rd quarter valued at about $324,000. Institutional investors own 90.75% of the company’s stock.
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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