Corelogic (NYSE:CLGX) Research Coverage Started at Barclays

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

Other equities research analysts also recently issued reports about the company. Robert W. Baird set a $45.00 price objective on Corelogic and gave the company a hold rating in a report on Friday, July 26th. Zacks Investment Research raised Corelogic from a hold rating to a strong-buy rating and set a $53.00 price objective for the company in a report on Tuesday, July 30th. SunTrust Banks increased their price objective on Corelogic to $42.00 and gave the company a hold rating in a report on Friday, April 26th. They noted that the move was a valuation call. Finally, Compass Point set a $44.00 price objective on Corelogic and gave the company a hold rating in a report on Friday, July 26th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $45.56.

Shares of CLGX opened at $47.49 on Wednesday. The stock has a 50 day moving average price of $45.38 and a 200 day moving average price of $41.18. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 1.96 and a beta of 0.81. Corelogic has a 52-week low of $31.87 and a 52-week high of $51.28.

Corelogic (NYSE:CLGX) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.09. The firm had revenue of $459.54 million during the quarter, compared to the consensus estimate of $444.22 million. Corelogic had a return on equity of 17.14% and a net margin of 1.80%. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 earnings per share. On average, equities analysts anticipate that Corelogic will post 2.24 EPS for the current fiscal year.

In other news, Director Paul F. Folino sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $45.84, for a total transaction of $50,424.00. Following the completion of the sale, the director now owns 9,902 shares in the company, valued at $453,907.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frank Martell sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $43.03, for a total value of $322,725.00. Following the sale, the chief executive officer now owns 324,436 shares of the company’s stock, valued at approximately $13,960,481.08. The disclosure for this sale can be found here. Insiders sold 22,740 shares of company stock valued at $1,012,906 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in CLGX. UBS Group AG raised its stake in shares of Corelogic by 488.4% during the second quarter. UBS Group AG now owns 2,670,752 shares of the business services provider’s stock worth $111,717,000 after purchasing an additional 2,216,835 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Corelogic during the second quarter worth approximately $50,172,000. Renaissance Technologies LLC raised its stake in shares of Corelogic by 102.3% during the second quarter. Renaissance Technologies LLC now owns 659,300 shares of the business services provider’s stock worth $27,579,000 after purchasing an additional 333,380 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Corelogic during the second quarter worth approximately $12,736,000. Finally, Eagle Asset Management Inc. purchased a new stake in shares of Corelogic during the second quarter worth approximately $9,772,000. Institutional investors and hedge funds own 89.73% 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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