CoreLogic, Inc. (NYSE:CLGX) has been given an average recommendation of “Hold” by the ten ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $45.86.
A number of equities analysts have commented on CLGX shares. BidaskClub raised shares of CoreLogic from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Piper Jaffray Companies reissued a “hold” rating and issued a $50.00 price objective on shares of CoreLogic in a research note on Friday, October 27th. Barclays lifted their price objective on shares of CoreLogic from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Zacks Investment Research cut shares of CoreLogic from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Finally, William Blair cut shares of CoreLogic from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 8th.
In related news, Director Mary Lee Widener sold 900 shares of CoreLogic stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $46.70, for a total transaction of $42,030.00. Following the completion of the transaction, the director now directly owns 8,434 shares of the company’s stock, valued at approximately $393,867.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction of $1,667,317.12. Following the transaction, the chief executive officer now directly owns 251,344 shares of the company’s stock, valued at $11,840,815.84. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its stake in shares of CoreLogic by 536.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 45,198 shares of the business services provider’s stock worth $1,961,000 after purchasing an additional 38,094 shares during the period. Hosking Partners LLP lifted its holdings in CoreLogic by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 460,102 shares of the business services provider’s stock valued at $19,959,000 after buying an additional 7,355 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in CoreLogic by 5.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 116,546 shares of the business services provider’s stock valued at $5,056,000 after buying an additional 6,278 shares in the last quarter. Bessemer Group Inc. lifted its holdings in CoreLogic by 2.8% during the 3rd quarter. Bessemer Group Inc. now owns 2,999,746 shares of the business services provider’s stock valued at $138,649,000 after buying an additional 81,221 shares in the last quarter. Finally, Aperio Group LLC lifted its holdings in CoreLogic by 9.3% during the 2nd quarter. Aperio Group LLC now owns 15,375 shares of the business services provider’s stock valued at $667,000 after buying an additional 1,313 shares in the last quarter. 88.84% of the stock is owned by hedge funds and other institutional investors.
CoreLogic (NYSE:CLGX) opened at $43.62 on Monday. The firm has a market cap of $3,593.15, a price-to-earnings ratio of 21.59, a P/E/G ratio of 1.94 and a beta of 0.84. CoreLogic has a 52 week low of $34.59 and a 52 week high of $49.30. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.33 and a current ratio of 1.33.
CoreLogic (NYSE:CLGX) last posted its earnings results on Wednesday, October 25th. The business services provider reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.01. CoreLogic had a net margin of 4.86% and a return on equity of 17.10%. The company had revenue of $483.10 million during the quarter, compared to analysts’ expectations of $490.09 million. During the same period last year, the company posted $0.73 earnings per share. CoreLogic’s quarterly revenue was down 7.8% on a year-over-year basis. equities analysts predict that CoreLogic will post 2.04 EPS for the current fiscal year.
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CoreLogic Company Profile
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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