CoreLogic, Inc. (NYSE:CLGX) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday, November 9th.
Several other analysts have also recently weighed in on CLGX. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $46.00 price target on shares of CoreLogic in a report on Thursday, July 27th. Zacks Investment Research lowered CoreLogic from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. increased their price objective on CoreLogic from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Barclays PLC lifted their price objective on CoreLogic from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $50.00 price objective on shares of CoreLogic in a research report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $46.50.
CoreLogic (CLGX) opened at $44.66 on Thursday. CoreLogic has a 12 month low of $34.59 and a 12 month high of $49.30. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $3,678.81, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 1.99 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 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $483.10 million for the quarter, compared to analysts’ expectations of $490.09 million. CoreLogic had a return on equity of 17.10% and a net margin of 4.86%. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.73 EPS. equities research analysts expect that CoreLogic will post 2.04 earnings per share for the current fiscal year.
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In other CoreLogic news, insider Barry M. Sando sold 23,200 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $47.01, for a total transaction of $1,090,632.00. Following the sale, the insider now owns 156,661 shares of the company’s stock, valued at approximately $7,364,633.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frank Martell sold 35,392 shares of the stock in a transaction on Thursday, September 7th. The shares were 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 directly owns 251,344 shares in the company, valued at approximately $11,840,815.84. The disclosure for this sale can be found here. Insiders sold 59,492 shares of company stock worth $2,799,979 over the last 90 days. Company insiders own 1.20% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Somerset Trust Co lifted its holdings in shares of CoreLogic by 0.4% during the 2nd quarter. Somerset Trust Co now owns 10,666 shares of the business services provider’s stock valued at $463,000 after purchasing an additional 47 shares during the last quarter. World Asset Management Inc raised its stake in CoreLogic by 2.1% in the 2nd quarter. World Asset Management Inc now owns 5,854 shares of the business services provider’s stock worth $254,000 after acquiring an additional 120 shares during the last quarter. Capstone Asset Management Co. raised its stake in CoreLogic by 1.1% in the 2nd quarter. Capstone Asset Management Co. now owns 11,682 shares of the business services provider’s stock worth $507,000 after acquiring an additional 130 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 worth $145,000 after acquiring an additional 283 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in CoreLogic by 0.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 50,679 shares of the business services provider’s stock worth $2,198,000 after acquiring an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 89.55% 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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