CoreLogic Inc. (CLGX) PT Lowered to $43.00 at Keefe, Bruyette & Woods
CoreLogic Inc. (NYSE:CLGX) had its price target lowered by Keefe, Bruyette & Woods from $44.50 to $43.00 in a report published on Monday morning. The brokerage currently has a market perform rating on the stock.
Other equities research analysts have also recently issued research reports about the company. Piper Jaffray Cos. reissued an overweight rating and set a $48.00 target price on shares of CoreLogic in a report on Friday, August 19th. Barclays PLC boosted their target price on CoreLogic from $46.00 to $50.00 and gave the stock an overweight rating in a report on Thursday, August 18th. Zacks Investment Research raised CoreLogic from a hold rating to a strong-buy rating and set a $47.00 target price on the stock in a report on Friday, July 22nd. Robert W. Baird cut CoreLogic from an outperform rating to a neutral rating and boosted their target price for the stock from $40.00 to $41.00 in a report on Wednesday, July 27th. Finally, Oppenheimer Holdings Inc. reissued an outperform rating and set a $45.00 target price on shares of CoreLogic in a report on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $43.72.
CoreLogic (NYSE:CLGX) opened at 39.74 on Monday. CoreLogic has a 52 week low of $30.73 and a 52 week high of $43.43. The firm’s 50 day moving average price is $39.84 and its 200-day moving average price is $37.53. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 26.55 and a beta of 1.06.
CoreLogic (NYSE:CLGX) last released its quarterly earnings results on Monday, July 25th. The company reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. The company had revenue of $500 million for the quarter, compared to analysts’ expectations of $485.55 million. CoreLogic had a return on equity of 14.56% and a net margin of 7.73%. The business’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share. Analysts expect that CoreLogic will post $2.28 EPS for the current year.
In other news, SVP Stergios Theologides sold 4,000 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $39.28, for a total transaction of $157,120.00. Following the transaction, the senior vice president now directly owns 23,870 shares in the company, valued at approximately $937,613.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Anand K. Nallathambi sold 36,668 shares of CoreLogic stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $38.02, for a total transaction of $1,394,117.36. Following the completion of the sale, the chief executive officer now directly owns 226,047 shares of the company’s stock, valued at approximately $8,594,306.94. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in CLGX. Vanguard Group Inc. raised its stake in CoreLogic by 4.6% in the second quarter. Vanguard Group Inc. now owns 6,555,336 shares of the company’s stock valued at $252,249,000 after buying an additional 287,278 shares during the last quarter. BlackRock Fund Advisors raised its stake in CoreLogic by 5.2% in the second quarter. BlackRock Fund Advisors now owns 3,150,356 shares of the company’s stock valued at $121,226,000 after buying an additional 154,368 shares during the last quarter. Bessemer Group Inc. raised its stake in CoreLogic by 8.4% in the second quarter. Bessemer Group Inc. now owns 2,796,860 shares of the company’s stock valued at $107,624,000 after buying an additional 217,295 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in CoreLogic by 2.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,604,277 shares of the company’s stock valued at $100,213,000 after buying an additional 60,641 shares during the last quarter. Finally, Samlyn Capital LLC raised its stake in CoreLogic by 15.7% in the first quarter. Samlyn Capital LLC now owns 2,498,258 shares of the company’s stock valued at $86,690,000 after buying an additional 339,189 shares during the last quarter. 85.59% of the stock is owned by institutional investors and hedge funds.
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. It operates through two segments: Property Intelligence and Risk Management and Work Flow.
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