Relx Plc (NYSE:RELX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Relx Plc (NYSE:RELX) have received a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company.

Several research firms have weighed in on RELX. Zacks Research lowered Relx from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Morgan Stanley restated an “overweight” rating on shares of Relx in a report on Monday, February 2nd. Citigroup upgraded Relx from a “neutral” rating to a “buy” rating in a report on Wednesday, April 8th. Finally, Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th.

Institutional Investors Weigh In On Relx

Several hedge funds have recently bought and sold shares of RELX. AQR Capital Management LLC increased its holdings in shares of Relx by 17.1% during the first quarter. AQR Capital Management LLC now owns 63,622 shares of the technology company’s stock worth $3,207,000 after purchasing an additional 9,287 shares during the period. Millennium Management LLC grew its position in Relx by 51.4% in the first quarter. Millennium Management LLC now owns 275,566 shares of the technology company’s stock valued at $13,891,000 after acquiring an additional 93,610 shares during the last quarter. Focus Partners Wealth lifted its stake in Relx by 5.1% in the 1st quarter. Focus Partners Wealth now owns 10,757 shares of the technology company’s stock valued at $542,000 after purchasing an additional 522 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Relx by 60.2% in the 1st quarter. Acadian Asset Management LLC now owns 14,302 shares of the technology company’s stock valued at $720,000 after purchasing an additional 5,374 shares during the last quarter. Finally, Sivia Capital Partners LLC lifted its stake in Relx by 57.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 7,005 shares of the technology company’s stock valued at $381,000 after purchasing an additional 2,568 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Stock Performance

RELX stock opened at $36.40 on Monday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49. Relx has a twelve month low of $27.57 and a twelve month high of $56.33. The business has a fifty day moving average of $34.30 and a 200-day moving average of $38.03.

Relx (NYSE:RELX) last announced its quarterly earnings data on Wednesday, February 11th. The technology company reported $42.81 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $41.96. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $6.70 billion. As a group, equities research analysts predict that Relx will post 1.93 earnings per share for the current fiscal year.

Relx Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Friday, May 8th will be given a dividend of $0.6559 per share. The ex-dividend date is Friday, May 8th. This represents a yield of 422.0%.

Relx Company Profile

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.