Corelogic Inc (NYSE:CLGX) Receives Average Rating of “Hold” from Analysts

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Corelogic Inc (NYSE:CLGX) has been assigned an average recommendation of “Hold” from the ten analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $44.63.

A number of analysts recently issued reports on CLGX shares. Deutsche Bank cut Corelogic from a “hold” rating to a “sell” rating and lowered their target price for the stock from $43.00 to $39.00 in a research note on Thursday, October 24th. Wolfe Research cut Corelogic from an “outperform” rating to a “market perform” rating and set a $46.00 price objective for the company. in a research report on Friday, October 25th. ValuEngine downgraded Corelogic from a “buy” rating to a “hold” rating in a report on Saturday, September 14th. Zacks Investment Research raised Corelogic from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Monday, November 18th. Finally, TheStreet downgraded Corelogic from a “b-” rating to a “c” rating in a research report on Friday, November 8th.

NYSE:CLGX traded up $0.53 during mid-day trading on Friday, hitting $41.44. The company had a trading volume of 28,595 shares, compared to its average volume of 487,093. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.11 and a current ratio of 1.11. Corelogic has a fifty-two week low of $31.87 and a fifty-two week high of $49.49. The firm has a market cap of $3.29 billion, a P/E ratio of 17.55, a P/E/G ratio of 1.57 and a beta of 0.69. The business’s fifty day moving average is $41.64 and its two-hundred day moving average is $43.90.

Corelogic (NYSE:CLGX) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. The company had revenue of $458.96 million during the quarter, compared to analysts’ expectations of $457.49 million. Corelogic had a return on equity of 18.36% and a net margin of 1.83%. Corelogic’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 EPS. Equities analysts forecast that Corelogic will post 2.39 earnings per share for the current year.

In related news, CEO Frank Martell sold 7,500 shares of the company’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $46.04, for a total value of $345,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Barry M. Sando sold 3,750 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $47.03, for a total value of $176,362.50. Following the completion of the sale, the director now owns 145,916 shares of the company’s stock, valued at approximately $6,862,429.48. The disclosure for this sale can be found here. Insiders have sold 13,500 shares of company stock valued at $611,253 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG boosted its holdings in Corelogic by 488.4% during the 2nd quarter. UBS Group AG now owns 2,670,752 shares of the business services provider’s stock valued at $111,717,000 after acquiring an additional 2,216,835 shares during the period. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Corelogic during the 2nd quarter worth $50,172,000. Renaissance Technologies LLC raised its position in Corelogic by 102.3% during the 2nd quarter. Renaissance Technologies LLC now owns 659,300 shares of the business services provider’s stock valued at $27,579,000 after purchasing an additional 333,380 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Corelogic by 1,211.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 354,068 shares of the business services provider’s stock worth $16,383,000 after buying an additional 327,068 shares during the period. Finally, Nuveen Asset Management LLC bought a new position in shares of Corelogic during the 2nd quarter worth $12,736,000. 92.29% of the stock is owned by hedge funds and other 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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