Research analysts at Barclays initiated coverage on shares of Corelogic (NYSE:CLGX) in a report released on Wednesday, MarketBeat reports. The firm set an “overweight” rating and a $54.00 price target on the business services provider’s stock. Barclays‘s price objective points to a potential upside of 12.06% from the stock’s current price.

Several other research analysts also recently issued reports on CLGX. Zacks Investment Research upgraded Corelogic from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective for the company in a research report on Tuesday, July 30th. Compass Point set a $44.00 price objective on Corelogic and gave the stock a “hold” rating in a research report on Friday, July 26th. Robert W. Baird set a $45.00 price objective on Corelogic and gave the stock a “hold” rating in a research report on Friday, July 26th. Finally, SunTrust Banks lifted their price objective on Corelogic to $42.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Corelogic currently has an average rating of “Buy” and an average price target of $45.56.

Shares of Corelogic stock opened at $48.19 on Wednesday. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.17 and a quick ratio of 1.17. Corelogic has a 1 year low of $31.87 and a 1 year high of $51.28. The company has a market capitalization of $3.77 billion, a P/E ratio of 20.42, a P/E/G ratio of 1.91 and a beta of 0.81. The business has a 50 day moving average price of $45.29 and a 200 day moving average price of $41.12.

Corelogic (NYSE:CLGX) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.09. Corelogic had a return on equity of 17.14% and a net margin of 1.80%. The firm had revenue of $459.54 million during the quarter, compared to the consensus estimate of $444.22 million. During the same period in the previous year, the firm posted $1.00 EPS. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, research analysts expect that Corelogic will post 2.24 EPS for the current fiscal year.

In other news, CEO Frank Martell sold 7,500 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $43.03, for a total transaction of $322,725.00. Following the completion of the sale, the chief executive officer now directly owns 324,436 shares of the company’s stock, valued at approximately $13,960,481.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J David Chatham sold 3,190 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $43.25, for a total transaction of $137,967.50. The disclosure for this sale can be found here. Insiders sold a total of 22,740 shares of company stock valued at $1,012,906 over the last quarter. 1.10% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CLGX. Penserra Capital Management LLC purchased a new stake in shares of Corelogic during the 1st quarter valued at $25,000. Advisor Group Inc. grew its stake in shares of Corelogic by 65.8% during the 2nd quarter. Advisor Group Inc. now owns 1,356 shares of the business services provider’s stock valued at $57,000 after buying an additional 538 shares during the period. AlphaOne Investment Services LLC grew its stake in shares of Corelogic by 18.5% during the 1st quarter. AlphaOne Investment Services LLC now owns 1,690 shares of the business services provider’s stock valued at $63,000 after buying an additional 264 shares during the period. Weaver Consulting Group purchased a new stake in shares of Corelogic during the 1st quarter valued at $65,000. Finally, Group One Trading L.P. grew its stake in shares of Corelogic by 49.0% during the 1st quarter. Group One Trading L.P. now owns 2,578 shares of the business services provider’s stock valued at $96,000 after buying an additional 848 shares during the period. 89.73% of the stock is owned by institutional investors.

Corelogic Company Profile

CoreLogic, Inc, together with its subsidiaries, provides property information, insight, analytics, and data-enabled solutions in North America, Western Europe, and the Asia Pacific. The company operates in two segments, Property Intelligence & Risk Management Solutions (PIRM) and Underwriting & Workflow Solutions (UWS).

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Analyst Recommendations for Corelogic (NYSE:CLGX)

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