Zacks Research Upgrades Relx (NYSE:RELX) to Strong-Buy

Relx (NYSE:RELX) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

A number of other brokerages also recently weighed in on RELX. Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. TD Securities raised shares of Relx to a “strong-buy” rating in a research report on Friday, September 11th. TD Cowen started coverage on shares of Relx in a research note on Thursday, September 10th. They issued a “buy” rating on the stock. The Goldman Sachs Group assumed coverage on shares of Relx in a research report on Wednesday, June 3rd. They set a “buy” rating for the company. Finally, Barclays reaffirmed an “overweight” rating on shares of Relx in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Relx Trading Up 0.9%

RELX stock opened at $33.48 on Wednesday. The company has a debt-to-equity ratio of 5.23, a current ratio of 0.45 and a quick ratio of 0.40. The stock’s fifty day simple moving average is $35.03 and its two-hundred day simple moving average is $34.03. Relx has a 1-year low of $27.57 and a 1-year high of $47.22.

Institutional Investors Weigh In On Relx

Several institutional investors have recently made changes to their positions in RELX. Capital International Investors lifted its holdings in Relx by 66.7% during the 4th quarter. Capital International Investors now owns 10,662,595 shares of the technology company’s stock worth $433,887,000 after purchasing an additional 4,264,474 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Relx by 185.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,252,044 shares of the technology company’s stock worth $140,955,000 after buying an additional 2,763,766 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Relx by 14.3% in the first quarter. Bank of America Corp DE now owns 4,180,034 shares of the technology company’s stock valued at $138,568,000 after acquiring an additional 522,619 shares during the period. Lazard Asset Management LLC grew its stake in Relx by 12.1% during the first quarter. Lazard Asset Management LLC now owns 3,040,217 shares of the technology company’s stock valued at $100,783,000 after acquiring an additional 328,282 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Relx by 11.9% in the 4th quarter. Clearbridge Investments LLC now owns 1,684,028 shares of the technology company’s stock worth $68,068,000 after purchasing an additional 179,677 shares in the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Company Profile

RELX plc is a global information and analytics company that provides specialized content, data, software, and decision-support tools to professional and business customers. Its products are designed to help customers work more efficiently, manage risk, conduct research, comply with regulations, and make informed decisions.

The company operates through several major business areas. Elsevier serves the scientific, technical, and medical markets with research journals, books, databases, and analytical tools.