Morgan Stanley Downgrades Relx (NYSE:RELX) to Equal Weight

Relx (NYSE:RELX) was downgraded by investment analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued on Thursday, Marketbeat.com reports.

A number of other research analysts have also weighed in on the stock. Citigroup raised shares of Relx from a “neutral” rating to a “buy” rating in a report on Wednesday, April 8th. Zacks Research lowered shares of Relx from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Wall Street Zen lowered shares of Relx from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Relx Price Performance

Shares of RELX opened at $33.59 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 2.38. Relx has a 1 year low of $27.57 and a 1 year high of $56.33. The company has a 50 day simple moving average of $34.55 and a two-hundred day simple moving average of $37.72.

Relx (NYSE:RELX) last announced its quarterly earnings data on Wednesday, February 11th. The technology company reported $42.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $41.96. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $6.70 billion. Sell-side analysts anticipate that Relx will post 1.94 earnings per share for the current year.

Institutional Trading of Relx

Several institutional investors and hedge funds have recently made changes to their positions in RELX. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Relx during the fourth quarter worth $26,000. Cornerstone Planning Group LLC lifted its position in shares of Relx by 2,574.1% during the fourth quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock worth $27,000 after purchasing an additional 695 shares during the last quarter. Whipplewood Advisors LLC lifted its position in shares of Relx by 2,468.4% during the first quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company’s stock worth $32,000 after purchasing an additional 938 shares during the last quarter. Transamerica Financial Advisors LLC lifted its position in shares of Relx by 3,040.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock worth $32,000 after purchasing an additional 760 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Relx by 191.7% during the third quarter. Nisa Investment Advisors LLC now owns 700 shares of the technology company’s stock worth $33,000 after purchasing an additional 460 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors.

Relx Company Profile

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.