Corelogic (CLGX) Receives Buy Rating from Barclays

Corelogic (NYSE:CLGX)‘s stock had its “buy” rating reissued by Barclays in a research report issued on Friday. They currently have a $58.00 price target on the business services provider’s stock. Barclays’ price target indicates a potential upside of 25.08% from the stock’s previous close.

A number of other brokerages have also commented on CLGX. BidaskClub raised shares of Corelogic from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Piper Jaffray Companies reissued a “hold” rating and issued a $50.00 price objective on shares of Corelogic in a research report on Friday, October 27th. Zacks Investment Research lowered shares of Corelogic from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. William Blair lowered shares of Corelogic from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 8th. Finally, Compass Point assumed coverage on shares of Corelogic in a research report on Wednesday. They issued a “neutral” rating and a $49.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $49.25.

Shares of Corelogic (CLGX) opened at $46.37 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.69. The company has a market cap of $3,748.83, a price-to-earnings ratio of 43.75, a PEG ratio of 1.95 and a beta of 0.84. Corelogic has a 1 year low of $34.59 and a 1 year high of $49.30.

Corelogic (NYSE:CLGX) last announced its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.01. The business had revenue of $483.10 million for the quarter, compared to analyst estimates of $490.09 million. Corelogic had a net margin of 4.86% and a return on equity of 17.10%. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 earnings per share. research analysts forecast that Corelogic will post 2.04 EPS for the current year.

In other Corelogic news, Director Mary Lee Widener sold 900 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $46.70, for a total transaction of $42,030.00. Following the sale, the director now directly owns 8,434 shares of the company’s stock, valued at $393,867.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Invictus RG raised its position in shares of Corelogic by 98.4% in the third quarter. Invictus RG now owns 2,633 shares of the business services provider’s stock valued at $122,000 after purchasing an additional 1,306 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Corelogic by 9.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,351 shares of the business services provider’s stock valued at $145,000 after purchasing an additional 283 shares during the period. Covington Capital Management bought a new position in shares of Corelogic in the second quarter valued at about $202,000. ETF Managers Group LLC bought a new position in shares of Corelogic in the second quarter valued at about $211,000. Finally, Calamos Advisors LLC bought a new position in shares of Corelogic in the third quarter valued at about $218,000. 88.80% of the stock is currently owned by hedge funds and other institutional investors.

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About Corelogic

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. Its segments include Property Intelligence (PI), Risk Management and Work Flow (RMW), and Corporate.

Analyst Recommendations for Corelogic (NYSE:CLGX)

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