CoreLogic’s Neutral Rating Reaffirmed at Macquarie (CLGX)
CoreLogic (NASDAQ:CLGX)‘s stock had its “neutral” rating restated by Macquarie in a research note issued on Tuesday, AnalystRatingsNetwork reports. They currently have a $29.00 price objective on the stock, down from their previous price objective of $32.00. Macquarie’s price target suggests a potential upside of 3.61% from the company’s current price.
Shares of CoreLogic (NASDAQ:CLGX) traded down 1.55% on Tuesday, hitting $27.99. The stock had a trading volume of 4,386,324 shares. CoreLogic has a 52 week low of $21.40 and a 52 week high of $36.19. The stock has a 50-day moving average of $29.91 and a 200-day moving average of $32.52. The company has a market cap of $2.555 billion and a P/E ratio of 25.64.
CoreLogic (NASDAQ:CLGX) last released its earnings data on Monday, April 28th. The company reported $0.17 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.17. The company had revenue of $310.40 million for the quarter, compared to the consensus estimate of $287.01 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was down 6.3% on a year-over-year basis. Analysts expect that CoreLogic will post $1.47 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Keefe, Bruyette & Woods cut their price target on shares of CoreLogic from $40.00 to $37.00 in a research note on Wednesday, April 16th. Separately, analysts at Oppenheimer initiated coverage on shares of CoreLogic in a research note on Friday, March 21st. They set an “outperform” rating and a $38.00 price target on the stock. Finally, analysts at Zacks downgraded shares of CoreLogic from a “neutral” rating to an “underperform” rating in a research note on Tuesday, March 11th. They now have a $31.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. CoreLogic has an average rating of “Buy” and an average price target of $34.40.
CoreLogic, Inc (NASDAQ:CLGX), is a provider of property information, analytics and services provider in the United States of America and Australia.
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