Relx (NYSE:RELX) Raised to “Strong-Buy” at Zacks Research

Relx (NYSE:RELX) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday, Zacks reports.

Other equities research analysts also recently issued research reports about the stock. Barclays reiterated an “overweight” rating on shares of Relx in a research report on Friday, July 24th. Wall Street Zen cut shares of Relx from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. Weiss Ratings raised shares of Relx from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. The Goldman Sachs Group started coverage on shares of Relx in a research note on Wednesday, June 3rd. They issued a “buy” rating on the stock. Finally, TD Securities upgraded Relx to a “strong-buy” rating in a report on Friday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Relx Price Performance

RELX stock opened at $33.48 on Wednesday. The company has a debt-to-equity ratio of 5.23, a quick ratio of 0.40 and a current ratio of 0.45. The firm has a 50 day simple moving average of $35.03 and a 200 day simple moving average of $34.03. Relx has a 52 week low of $27.57 and a 52 week high of $47.22.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Capital International Investors raised its holdings in shares of Relx by 66.7% during the 4th quarter. Capital International Investors now owns 10,662,595 shares of the technology company’s stock valued at $433,887,000 after purchasing an additional 4,264,474 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Relx by 185.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,252,044 shares of the technology company’s stock valued at $140,955,000 after purchasing an additional 2,763,766 shares during the last quarter. Bank of America Corp DE boosted its holdings in Relx by 14.3% in the first quarter. Bank of America Corp DE now owns 4,180,034 shares of the technology company’s stock worth $138,568,000 after purchasing an additional 522,619 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Relx by 12.1% in the first quarter. Lazard Asset Management LLC now owns 3,040,217 shares of the technology company’s stock worth $100,783,000 after purchasing an additional 328,282 shares in the last quarter. Finally, Royal Bank of Canada increased its position in Relx by 12.1% during the first quarter. Royal Bank of Canada now owns 1,736,295 shares of the technology company’s stock worth $57,558,000 after buying an additional 187,132 shares during the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.

About Relx

RELX plc is a global information and analytics company that provides specialized content, data, software, and decision-support tools to professional and business customers. Its products are designed to help customers work more efficiently, manage risk, conduct research, comply with regulations, and make informed decisions.

The company operates through several major business areas. Elsevier serves the scientific, technical, and medical markets with research journals, books, databases, and analytical tools.