Relx (NYSE:RELX) Rating Lowered to “Hold” at Wall Street Zen

Relx (NYSE:RELX) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

A number of other brokerages have also weighed in on RELX. Zacks Research raised Relx from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Relx in a report on Monday, December 29th. Citigroup started coverage on Relx in a research report on Monday, January 12th. They issued a “neutral” rating for the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a research report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Relx Stock Up 7.9%

NYSE RELX opened at $31.08 on Friday. Relx has a 12 month low of $27.57 and a 12 month high of $56.33. The company’s 50-day moving average price is $38.32 and its 200-day moving average price is $42.83. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49.

Relx (NYSE:RELX) last announced its quarterly earnings data on Thursday, February 12th. The technology company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.42). The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $6.70 billion. As a group, sell-side analysts expect that Relx will post 1.68 earnings per share for the current year.

Hedge Funds Weigh In On Relx

Hedge funds and other institutional investors have recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Relx during the 4th quarter valued at approximately $26,000. Cornerstone Planning Group LLC grew its holdings in shares of Relx by 2,574.1% during the fourth quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock valued at $27,000 after buying an additional 695 shares during the last quarter. NewSquare Capital LLC grew its holdings in shares of Relx by 522.0% during the second quarter. NewSquare Capital LLC now owns 566 shares of the technology company’s stock valued at $31,000 after buying an additional 475 shares during the last quarter. Salomon & Ludwin LLC increased its position in shares of Relx by 1,646.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company’s stock valued at $32,000 after acquiring an additional 642 shares during the period. Finally, Transamerica Financial Advisors LLC raised its stake in Relx by 3,040.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock worth $32,000 after acquiring an additional 760 shares during the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

About Relx

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.