Keefe, Bruyette & Woods Reiterates Hold Rating for CoreLogic, Inc. (NYSE:CLGX)
Keefe, Bruyette & Woods reaffirmed their hold rating on shares of CoreLogic, Inc. (NYSE:CLGX) in a report published on Thursday morning. Keefe, Bruyette & Woods currently has a $46.00 price target on the business services provider’s stock.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of CoreLogic from a hold rating to a buy rating and set a $51.00 price target for the company in a report on Thursday. Oppenheimer Holdings, Inc. raised their price target on shares of CoreLogic from $45.00 to $50.00 and gave the stock an outperform rating in a report on Thursday. BidaskClub upgraded shares of CoreLogic from a hold rating to a buy rating in a report on Wednesday, June 28th. Robert W. Baird raised their price target on shares of CoreLogic from $42.00 to $44.00 and gave the stock a neutral rating in a report on Tuesday, June 13th. Finally, Barclays PLC raised their price target on shares of CoreLogic from $48.00 to $50.00 and gave the stock an overweight rating in a report on Friday, June 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. CoreLogic presently has a consensus rating of Hold and an average target price of $45.00.
CoreLogic (NYSE CLGX) opened at 45.62 on Thursday. The company has a market capitalization of $3.85 billion, a PE ratio of 41.89 and a beta of 0.98. CoreLogic has a 12 month low of $34.59 and a 12 month high of $45.99. The stock’s 50 day moving average is $43.43 and its 200-day moving average is $40.71.
CoreLogic (NYSE:CLGX) last posted its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.06. CoreLogic had a net margin of 4.99% and a return on equity of 17.07%. The company had revenue of $473.98 million during the quarter, compared to analysts’ expectations of $478.72 million. During the same period in the prior year, the company posted $0.65 earnings per share. CoreLogic’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, analysts expect that CoreLogic will post $2.31 EPS for the current year.
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In other CoreLogic news, Director J David Chatham sold 3,760 shares of the firm’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $42.00, for a total value of $157,920.00. Following the transaction, the director now directly owns 4,770 shares of the company’s stock, valued at $200,340. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stergios Theologides sold 5,000 shares of the firm’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $44.00, for a total transaction of $220,000.00. Following the completion of the transaction, the general counsel now directly owns 63,806 shares in the company, valued at $2,807,464. The disclosure for this sale can be found here. Insiders sold 11,410 shares of company stock worth $490,997 over the last ninety days. Insiders own 1.20% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLGX. Tyers Asset Management LLC raised its position in CoreLogic by 1.4% in the first quarter. Tyers Asset Management LLC now owns 3,256 shares of the business services provider’s stock worth $133,000 after buying an additional 44 shares during the period. Russell Investments Group Ltd. acquired a new position in CoreLogic during the fourth quarter worth $125,000. Flinton Capital Management LLC raised its position in CoreLogic by 1.4% in the first quarter. Flinton Capital Management LLC now owns 4,144 shares of the business services provider’s stock worth $169,000 after buying an additional 56 shares during the period. Huntington National Bank raised its position in CoreLogic by 24.9% in the first quarter. Huntington National Bank now owns 4,640 shares of the business services provider’s stock worth $189,000 after buying an additional 925 shares during the period. Finally, Neuburgh Advisers LLC raised its position in CoreLogic by 1.4% in the first quarter. Neuburgh Advisers LLC now owns 5,032 shares of the business services provider’s stock worth $205,000 after buying an additional 68 shares during the period. 89.80% of the stock is currently owned by hedge funds and other 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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