Corelogic (CLGX) Coverage Initiated by Analysts at Compass Point

Compass Point initiated coverage on shares of Corelogic (NYSE:CLGX) in a research report issued on Wednesday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $49.00 price target on the business services provider’s stock. Compass Point’s price target indicates a potential upside of 7.67% from the company’s previous close.

Several other research analysts have also issued reports on CLGX. BidaskClub lowered shares of Corelogic from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Piper Jaffray Companies reissued a “hold” rating and set a $50.00 target price on shares of Corelogic in a research note on Friday, October 27th. Barclays increased their target price on shares of Corelogic from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Zacks Investment Research lowered shares of Corelogic from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Finally, William Blair lowered shares of Corelogic from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Corelogic presently has a consensus rating of “Hold” and an average price target of $48.50.

Shares of Corelogic (NYSE CLGX) traded down $0.70 during midday trading on Wednesday, reaching $45.51. 481,800 shares of the company traded hands, compared to its average volume of 456,550. The company has a market capitalization of $3,806.49, a price-to-earnings ratio of 42.93, a PEG ratio of 1.98 and a beta of 0.84. Corelogic has a fifty-two week low of $34.59 and a fifty-two week high of $49.30. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.33 and a current ratio of 1.33.

Corelogic (NYSE:CLGX) last issued its earnings results on Wednesday, October 25th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The business had revenue of $483.10 million for the quarter, compared to analyst estimates of $490.09 million. Corelogic had a net margin of 4.86% and a return on equity of 17.10%. Corelogic’s revenue was down 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 earnings per share. equities analysts anticipate that Corelogic will post 2.04 EPS for the current year.

In other Corelogic news, Director Mary Lee Widener sold 900 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $46.70, for a total transaction of $42,030.00. Following the transaction, the director now owns 8,434 shares in the company, valued at $393,867.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLGX. Legal & General Group Plc raised its holdings in shares of Corelogic by 22.5% in the second quarter. Legal & General Group Plc now owns 72,919 shares of the business services provider’s stock valued at $3,164,000 after purchasing an additional 13,378 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Corelogic by 9.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,351 shares of the business services provider’s stock valued at $145,000 after purchasing an additional 283 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Corelogic by 4.5% in the second quarter. Principal Financial Group Inc. now owns 367,877 shares of the business services provider’s stock valued at $15,958,000 after purchasing an additional 15,788 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Corelogic by 5.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 15,340 shares of the business services provider’s stock valued at $590,000 after purchasing an additional 801 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Corelogic by 82.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 90,877 shares of the business services provider’s stock valued at $3,942,000 after purchasing an additional 41,180 shares during the last quarter. Hedge funds and other institutional investors own 88.80% of the company’s stock.

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Corelogic Company Profile

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.

Analyst Recommendations for Corelogic (NYSE:CLGX)



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