CoreLogic Inc. (NYSE:CLGX) has been assigned a consensus rating of “Hold” from the nine analysts that are currently covering the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $43.31.
CLGX has been the subject of several recent research reports. Piper Jaffray Cos. reissued an “overweight” rating and issued a $48.00 target price on shares of CoreLogic in a research report on Friday, August 19th. Zacks Investment Research downgraded shares of CoreLogic from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. Keefe, Bruyette & Woods decreased their price objective on shares of CoreLogic from $44.50 to $43.00 and set a “market perform” rating for the company in a report on Monday, September 19th. Barclays PLC upped their price objective on shares of CoreLogic from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Thursday, July 7th. Finally, Robert W. Baird downgraded shares of CoreLogic from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $40.00 to $41.00 in a report on Wednesday, July 27th.
In other news, Director Mary Lee Widener sold 3,000 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $40.14, for a total value of $120,420.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Stergios Theologides sold 4,000 shares of the stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $38.74, for a total transaction of $154,960.00. Following the completion of the transaction, the senior vice president now owns 27,870 shares of the company’s stock, valued at approximately $1,079,683.80. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC acquired a new position in shares of CoreLogic during the first quarter worth about $115,000. Huntington National Bank boosted its position in shares of CoreLogic by 59.3% in the second quarter. Huntington National Bank now owns 4,526 shares of the company’s stock worth $174,000 after buying an additional 1,685 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of CoreLogic by 74.0% in the second quarter. LS Investment Advisors LLC now owns 5,356 shares of the company’s stock worth $206,000 after buying an additional 2,278 shares in the last quarter. CrestPoint Capital Management LLC acquired a new position in shares of CoreLogic during the second quarter worth about $208,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of CoreLogic by 174.9% in the second quarter. Tower Research Capital LLC TRC now owns 5,394 shares of the company’s stock worth $208,000 after buying an additional 3,432 shares in the last quarter. Institutional investors own 85.59% of the company’s stock.
CoreLogic (NYSE:CLGX) traded up 0.51% during midday trading on Thursday, reaching $39.38. 305,716 shares of the company traded hands. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 26.31 and a beta of 1.07. CoreLogic has a 12 month low of $30.73 and a 12 month high of $43.43. The firm has a 50 day moving average of $39.84 and a 200-day moving average of $38.11.
CoreLogic (NYSE:CLGX) last posted its earnings results on Monday, July 25th. The company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The company earned $500 million during the quarter, compared to the consensus estimate of $485.55 million. CoreLogic had a net margin of 7.73% and a return on equity of 14.56%. The company’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 earnings per share. Analysts forecast that CoreLogic will post $2.28 EPS for the current fiscal year.
CoreLogic, Inc is a provider of property information, analytics and data-enabled services. The Company provides detailed coverage of property, mortgages and other encumbrances, property risk and replacement cost, consumer credit, tenancy, location, hazard risk and related performance information. It operates through two segments: Property Intelligence and Risk Management and Work Flow.
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