CoreLogic, Inc. (NYSE:CLGX) had its price objective increased by Barclays PLC from $50.00 to $52.00 in a research note issued to investors on Friday, October 27th. The firm currently has an overweight rating on the business services provider’s stock.
A number of other analysts have also recently weighed in on the company. BidaskClub cut CoreLogic from a hold rating to a sell rating in a research report on Friday, September 22nd. Zacks Investment Research cut CoreLogic from a buy rating to a hold rating in a research report on Friday, July 28th. Oppenheimer Holdings, Inc. increased their target price on CoreLogic from $45.00 to $50.00 and gave the stock an outperform rating in a report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods restated a hold rating and set a $46.00 target price on shares of CoreLogic in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $46.50.
Shares of CoreLogic (NYSE CLGX) traded down $0.56 during midday trading on Friday, hitting $44.87. The company had a trading volume of 514,300 shares, compared to its average volume of 497,529. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $3,696.11, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 2.00 and a beta of 0.87. CoreLogic has a twelve month low of $34.59 and a twelve month high of $49.30.
CoreLogic (NYSE:CLGX) last announced its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $490.09 million. During the same period in the prior year, the business posted $0.73 earnings per share. The business’s revenue was down 7.8% compared to the same quarter last year. equities analysts anticipate that CoreLogic will post 2.04 EPS for the current year.
In other CoreLogic news, Director Mary Lee Widener sold 900 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $46.70, for a total value of $42,030.00. Following the transaction, the director now owns 8,434 shares of the company’s stock, valued at $393,867.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Stergios Theologides sold 5,000 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $45.42, for a total value of $227,100.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,492 shares of company stock worth $3,027,079. 1.20% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of CoreLogic by 9.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,351 shares of the business services provider’s stock worth $145,000 after purchasing an additional 283 shares during the period. Covington Capital Management acquired a new stake in shares of CoreLogic during the second quarter worth about $202,000. Greenwood Capital Associates LLC acquired a new stake in shares of CoreLogic during the second quarter worth about $210,000. ETF Managers Group LLC acquired a new stake in shares of CoreLogic during the second quarter worth about $211,000. Finally, Calamos Advisors LLC acquired a new stake in shares of CoreLogic during the third quarter worth about $218,000. 90.66% of the stock is currently owned by institutional investors.
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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