Compass Point began coverage on shares of Corelogic (NYSE:CLGX) in a report published on Wednesday morning, Marketbeat reports. The brokerage issued a neutral rating and a $49.00 price target on the business services provider’s stock.
Other equities analysts have also issued reports about the company. Piper Jaffray Companies reiterated a hold rating and issued a $50.00 target price on shares of Corelogic in a research note on Friday, October 27th. BidaskClub upgraded Corelogic from a sell rating to a hold rating in a research note on Thursday, September 28th. Zacks Investment Research lowered Corelogic from a hold rating to a sell rating in a research note on Tuesday, December 26th. SunTrust Banks lowered Corelogic from a buy rating to a hold rating and set a $46.00 price target for the company. in a research note on Tuesday, November 28th. Finally, Barclays upped their price target on Corelogic from $50.00 to $52.00 and gave the stock an overweight rating in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Corelogic has a consensus rating of Hold and a consensus target price of $49.25.
Corelogic (CLGX) traded down $0.39 during trading on Wednesday, reaching $45.98. The company had a trading volume of 578,672 shares, compared to its average volume of 422,031. The firm has a market capitalization of $3,787.56, a price-to-earnings ratio of 22.76, a P/E/G ratio of 1.97 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 current ratio of 1.33 and a quick ratio of 1.33.
Corelogic (NYSE:CLGX) last released its earnings results on Wednesday, October 25th. The business services provider reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The firm had revenue of $483.10 million during the quarter, compared to analyst estimates of $490.09 million. Corelogic had a return on equity of 17.10% and a net margin of 4.86%. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 earnings per share. equities research analysts forecast that Corelogic will post 2.04 EPS for the current fiscal year.
In other news, Director Mary Lee Widener sold 900 shares of the company’s 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 completion of the sale, the director now owns 8,434 shares of the company’s stock, valued at $393,867.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Corelogic by 9.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,351 shares of the business services provider’s stock worth $145,000 after buying an additional 283 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of Corelogic by 1.8% in the second quarter. Ameritas Investment Partners Inc. now owns 25,329 shares of the business services provider’s stock worth $1,099,000 after buying an additional 459 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Corelogic by 5.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 15,340 shares of the business services provider’s stock worth $590,000 after buying an additional 801 shares during the period. Prudential PLC boosted its position in shares of Corelogic by 0.3% in the second quarter. Prudential PLC now owns 308,687 shares of the business services provider’s stock worth $13,390,000 after buying an additional 1,000 shares during the period. Finally, TD Asset Management Inc. boosted its position in shares of Corelogic by 0.6% in the third 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 during the period. 88.80% of the stock is owned by institutional investors.
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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