Corelogic (NYSE:CLGX) Research Coverage Started at Barclays

Barclays started coverage on shares of Corelogic (NYSE:CLGX) in a report released on Wednesday, BenzingaRatingsTable reports. The brokerage issued an overweight rating and a $54.00 price target on the business services provider’s stock.

CLGX has been the topic of several other reports. Compass Point set a $44.00 target price on shares of Corelogic and gave the stock a hold rating in a research note on Friday, July 26th. Robert W. Baird set a $45.00 target price on shares of Corelogic and gave the stock a hold rating in a research note on Friday, July 26th. Zacks Investment Research upgraded shares of Corelogic from a hold rating to a strong-buy rating and set a $53.00 target price on the stock in a research note on Tuesday, July 30th. Finally, SunTrust Banks increased their target price on shares of Corelogic to $42.00 and gave the stock a hold rating in a research note on Friday, April 26th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $45.56.

CLGX opened at $47.49 on Wednesday. The company has a 50 day moving average of $45.38 and a 200 day moving average of $41.18. The company has a market cap of $3.81 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 1.96 and a beta of 0.81. Corelogic has a 12 month low of $31.87 and a 12 month high of $51.28. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.75.



Corelogic (NYSE:CLGX) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.09. The company had revenue of $459.54 million during the quarter, compared to the consensus estimate of $444.22 million. Corelogic had a net margin of 1.80% and a return on equity of 17.14%. Corelogic’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period last year, the firm earned $1.00 EPS. Research analysts forecast that Corelogic will post 2.24 earnings per share for the current fiscal year.

In other news, Director Paul F. Folino sold 1,100 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $45.84, for a total transaction of $50,424.00. Following the sale, the director now owns 9,902 shares in the company, valued at approximately $453,907.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Frank Martell sold 7,500 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $43.03, for a total transaction of $322,725.00. Following the sale, the chief executive officer now owns 324,436 shares in the company, valued at approximately $13,960,481.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,740 shares of company stock worth $1,012,906. Corporate insiders own 1.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of CLGX. BlackRock Inc. raised its holdings in Corelogic by 1.8% in the first quarter. BlackRock Inc. now owns 7,337,485 shares of the business services provider’s stock worth $273,395,000 after buying an additional 129,178 shares during the last quarter. UBS Group AG raised its holdings in Corelogic by 488.4% in the second quarter. UBS Group AG now owns 2,670,752 shares of the business services provider’s stock worth $111,717,000 after buying an additional 2,216,835 shares during the last quarter. Bessemer Group Inc. raised its holdings in Corelogic by 0.3% in the second quarter. Bessemer Group Inc. now owns 1,871,922 shares of the business services provider’s stock worth $78,304,000 after buying an additional 5,642 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Corelogic in the second quarter worth about $50,172,000. Finally, Lazard Asset Management LLC raised its holdings in Corelogic by 17.3% in the first quarter. Lazard Asset Management LLC now owns 933,485 shares of the business services provider’s stock worth $34,781,000 after buying an additional 137,449 shares during the last quarter. Hedge funds and other institutional investors own 89.73% of the company’s stock.

About Corelogic

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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Analyst Recommendations for Corelogic (NYSE:CLGX)

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