Relx (NYSE:RELX) Stock Rating Lowered by Zacks Research

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

Other equities research analysts also recently issued reports about the company. Wall Street Zen upgraded Relx from a “hold” rating to a “buy” rating in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Relx in a research note on Monday, December 29th. Citigroup initiated coverage on shares of Relx in a research note on Monday, January 12th. They issued a “neutral” rating for the company. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Relx in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Relx has a consensus rating of “Moderate Buy”.

Relx Stock Performance

NYSE:RELX opened at $35.19 on Wednesday. Relx has a fifty-two week low of $27.57 and a fifty-two week high of $56.33. The company has a 50 day simple moving average of $36.27 and a two-hundred day simple moving average of $41.44. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.49 and a quick ratio of 0.44.

Relx (NYSE:RELX) last issued its quarterly earnings results 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 business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $6.70 billion. On average, analysts forecast that Relx will post 1.68 earnings per share for the current year.

Institutional Investors Weigh In On Relx

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