Corelogic (NYSE:CLGX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Monday, Zacks.com reports. The firm currently has a $45.00 target price on the business services provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 12.73% from the stock’s previous close.
According to Zacks, “CoreLogic, Inc., formerly known as First American Corp., is a provider of consumer, financial and property information, analytics and services to business and government. The Company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services. CoreLogic has built databases for U.S. real estate, mortgage application, fraud, and loan performance and is also a provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. The Company serves various industries, including automotive, cable, financial services, employment, geospatial information service, insurance, legal, oil and gas, real estate, retail, utility, and telecommunications. CoreLogic, Inc. is headquartered in Santa Ana, California. “
Other equities analysts have also issued research reports about the stock. SunTrust Banks set a $44.00 price target on shares of Corelogic and gave the stock a “hold” rating in a report on Friday, October 25th. Barclays initiated coverage on shares of Corelogic in a report on Wednesday, August 21st. They set an “overweight” rating and a $54.00 price target on the stock. ValuEngine lowered shares of Corelogic from a “buy” rating to a “hold” rating in a report on Saturday, September 14th. TheStreet lowered shares of Corelogic from a “b-” rating to a “c” rating in a report on Friday, November 8th. Finally, Wolfe Research lowered shares of Corelogic from an “outperform” rating to a “market perform” rating and set a $46.00 price target on the stock. in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $44.63.
Shares of CLGX traded up $0.09 during mid-day trading on Monday, hitting $39.92. 509,822 shares of the company’s stock were exchanged, compared to its average volume of 553,163. Corelogic has a 52 week low of $31.87 and a 52 week high of $49.49. The stock’s 50-day simple moving average is $43.26 and its 200-day simple moving average is $43.81. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.51 and a beta of 0.70. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.75.
Corelogic (NYSE:CLGX) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $458.96 million for the quarter, compared to analysts’ expectations of $457.49 million. Corelogic had a net margin of 1.83% and a return on equity of 18.36%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. Analysts forecast that Corelogic will post 2.38 earnings per share for the current fiscal year.
In related news, CEO Frank Martell sold 7,500 shares of the business’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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Barry M. Sando sold 15,000 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $48.24, for a total transaction of $723,600.00. Following the completion of the transaction, the director now owns 149,666 shares in the company, valued at approximately $7,219,887.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,500 shares of company stock worth $1,334,853. 1.10% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Knuff & Co LLC acquired a new position in Corelogic in the third quarter valued at $28,000. Advisor Group Inc. grew its holdings in shares of Corelogic by 65.8% during the 2nd quarter. Advisor Group Inc. now owns 1,356 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 538 shares during the last quarter. US Bancorp DE grew its holdings in shares of Corelogic by 29.6% during the 2nd quarter. US Bancorp DE now owns 3,563 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 813 shares during the last quarter. Machina Capital S.A.S. bought a new position in shares of Corelogic during the 2nd quarter valued at $184,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Corelogic during the 2nd quarter valued at $205,000. Institutional investors and hedge funds own 92.21% of the company’s stock.
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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