Corelogic (NYSE:CLGX) Lifted to “B-” at TheStreet

Corelogic (NYSE:CLGX) was upgraded by TheStreet from a “c” rating to a “b-” rating in a report issued on Wednesday, TheStreetRatingsTable reports.

Several other brokerages also recently weighed in on CLGX. Zacks Investment Research raised Corelogic from a “hold” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a research report on Tuesday, July 30th. ValuEngine cut Corelogic from a “buy” rating to a “hold” rating in a research report on Saturday, September 14th. Robert W. Baird set a $45.00 target price on Corelogic and gave the company a “hold” rating in a research report on Friday, July 26th. Compass Point set a $44.00 target price on Corelogic and gave the company a “hold” rating in a research report on Friday, July 26th. Finally, Deutsche Bank cut Corelogic from a “hold” rating to a “sell” rating and dropped their target price for the company from $43.00 to $39.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Corelogic has an average rating of “Hold” and a consensus target price of $45.89.

Shares of CLGX opened at $40.92 on Wednesday. The business’s 50-day moving average is $46.61 and its two-hundred day moving average is $43.92. The company has a market capitalization of $3.80 billion, a P/E ratio of 17.34, a P/E/G ratio of 1.87 and a beta of 0.76. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.17 and a current ratio of 1.17. Corelogic has a fifty-two week low of $31.87 and a fifty-two week high of $49.49.

Corelogic (NYSE:CLGX) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. The company had revenue of $458.96 million for the quarter, compared to the consensus estimate of $457.49 million. Corelogic had a return on equity of 18.12% and a net margin of 1.83%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned $0.72 EPS. Analysts forecast that Corelogic will post 2.31 EPS for the current year.

In related news, CEO Frank Martell sold 7,500 shares of Corelogic stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $46.04, for a total value of $345,300.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Barry M. Sando sold 3,750 shares of Corelogic stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $47.03, for a total value of $176,362.50. Following the completion of the sale, the director now owns 145,916 shares in the company, valued at $6,862,429.48. The disclosure for this sale can be found here. Insiders have sold a total of 38,550 shares of company stock worth $1,809,386 over the last 90 days. Insiders own 1.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of CLGX. UBS Group AG boosted its holdings in Corelogic by 488.4% in the 2nd 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. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Corelogic in the 2nd quarter worth about $50,172,000. Renaissance Technologies LLC boosted its holdings in Corelogic by 102.3% in the 2nd quarter. Renaissance Technologies LLC now owns 659,300 shares of the business services provider’s stock worth $27,579,000 after buying an additional 333,380 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in Corelogic in the 2nd quarter worth about $12,736,000. Finally, Eagle Asset Management Inc. acquired a new stake in Corelogic in the 2nd quarter worth about $9,772,000. Institutional investors own 93.00% of the company’s stock.

Corelogic Company Profile

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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