CoreLogic, Inc. (CLGX) Receives Average Recommendation of “Hold” from Brokerages
CoreLogic, Inc. (NYSE:CLGX) has been given a consensus recommendation of “Hold” by the ten analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $43.38.
Several equities research analysts have commented on CLGX shares. Zacks Investment Research raised shares of CoreLogic from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. Barclays PLC upped their price objective on shares of CoreLogic from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, June 9th. Robert W. Baird upped their price objective on shares of CoreLogic from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Tuesday, June 13th. Finally, BidaskClub raised shares of CoreLogic from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th.
CoreLogic (NYSE:CLGX) opened at 42.44 on Friday. The company’s 50-day moving average is $42.69 and its 200-day moving average is $39.74. CoreLogic has a 52-week low of $34.59 and a 52-week high of $43.95. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 39.81 and a beta of 0.97.
CoreLogic (NYSE:CLGX) last released its quarterly earnings data on Tuesday, April 25th. The business services provider reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.07. The business had revenue of $439.85 million for the quarter, compared to analysts’ expectations of $440.39 million. CoreLogic had a net margin of 4.87% and a return on equity of 16.42%. CoreLogic’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.48 earnings per share. On average, analysts expect that CoreLogic will post $2.28 earnings per share for the current fiscal year.
In other news, Director J David Chatham sold 3,760 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $42.00, for a total transaction of $157,920.00. Following the sale, the director now directly owns 4,770 shares in the company, valued at $200,340. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mary Lee Widener sold 1,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $42.79, for a total value of $42,790.00. Following the sale, the director now owns 9,354 shares in the company, valued at $400,257.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,010 shares of company stock worth $252,773. Company insiders own 1.20% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of CoreLogic by 4.4% in the first quarter. Vanguard Group Inc. now owns 7,213,386 shares of the business services provider’s stock valued at $293,729,000 after buying an additional 301,853 shares in the last quarter. BlackRock Inc. boosted its stake in shares of CoreLogic by 13,378.0% in the first quarter. BlackRock Inc. now owns 6,757,326 shares of the business services provider’s stock valued at $275,158,000 after buying an additional 6,707,190 shares in the last quarter. State Street Corp boosted its stake in shares of CoreLogic by 1.3% in the fourth quarter. State Street Corp now owns 2,441,300 shares of the business services provider’s stock valued at $89,913,000 after buying an additional 30,390 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of CoreLogic by 1.6% in the first quarter. Fisher Asset Management LLC now owns 2,258,652 shares of the business services provider’s stock valued at $91,972,000 after buying an additional 35,584 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of CoreLogic by 1.1% in the first quarter. Schroder Investment Management Group now owns 1,859,534 shares of the business services provider’s stock valued at $75,200,000 after buying an additional 21,021 shares in the last quarter. Hedge funds and other institutional investors own 89.66% of the company’s stock.
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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