Corelogic (NYSE:CLGX) Upgraded by SunTrust Banks to “Buy”

Corelogic (NYSE:CLGX) was upgraded by SunTrust Banks from a “hold” rating to a “buy” rating in a note issued to investors on Friday, The Fly reports.

A number of other research analysts have also commented on the company. Oppenheimer lowered Corelogic from an “outperform” rating to a “market perform” rating in a research report on Friday, February 28th. TheStreet raised Corelogic from a “c+” rating to a “b-” rating in a research report on Thursday, May 21st. Stephens upped their price target on Corelogic from $52.00 to $57.00 and gave the company an “overweight” rating in a research report on Monday, June 15th. They noted that the move was a valuation call. Deutsche Bank lowered their price target on Corelogic from $39.00 to $27.00 and set a “sell” rating for the company in a research report on Monday, March 23rd. Finally, Citigroup lowered Corelogic from an “outperform” rating to a “market perform” rating and set a $46.00 price target for the company. in a research report on Friday, February 28th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $47.40.

NYSE CLGX opened at $67.95 on Friday. Corelogic has a 1-year low of $24.69 and a 1-year high of $68.40. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.71. The stock has a 50-day moving average of $47.76 and a 200-day moving average of $43.65. The firm has a market cap of $5.40 billion, a PE ratio of 67.28, a price-to-earnings-growth ratio of 2.21 and a beta of 1.30.

Corelogic (NYSE:CLGX) last released its earnings results on Thursday, April 30th. The business services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.05. The company had revenue of $443.89 million during the quarter, compared to analyst estimates of $438.44 million. Corelogic had a return on equity of 24.23% and a net margin of 4.56%. Corelogic’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS. As a group, equities research analysts forecast that Corelogic will post 2.57 earnings per share for the current fiscal year.

In related news, CEO Frank Martell sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $40.16, for a total value of $301,200.00. Following the sale, the chief executive officer now owns 360,886 shares in the company, valued at approximately $14,493,181.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Dorman sold 3,190 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $51.05, for a total value of $162,849.50. Following the completion of the sale, the director now owns 18,118 shares in the company, valued at approximately $924,923.90. The disclosure for this sale can be found here. Insiders have sold a total of 17,932 shares of company stock worth $774,110 in the last quarter. Company insiders own 1.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its stake in Corelogic by 9.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,720 shares of the business services provider’s stock valued at $83,000 after purchasing an additional 230 shares during the last quarter. Mason Street Advisors LLC boosted its stake in Corelogic by 0.6% during the 4th quarter. Mason Street Advisors LLC now owns 42,295 shares of the business services provider’s stock valued at $1,849,000 after purchasing an additional 271 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Corelogic by 1.6% during the 4th quarter. Victory Capital Management Inc. now owns 24,343 shares of the business services provider’s stock valued at $1,064,000 after purchasing an additional 395 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in Corelogic by 7.4% during the 4th quarter. Panagora Asset Management Inc. now owns 6,796 shares of the business services provider’s stock valued at $297,000 after purchasing an additional 471 shares during the last quarter. Finally, Stone Ridge Asset Management LLC boosted its stake in Corelogic by 5.0% during the 1st quarter. Stone Ridge Asset Management LLC now owns 12,535 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 90.49% 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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