Corelogic Inc (CLGX) Receives $47.38 Average PT from Brokerages

Shares of Corelogic Inc (NYSE:CLGX) have been given a consensus recommendation of “Hold” by the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $47.38.

CLGX has been the topic of a number of recent analyst reports. SunTrust Banks cut shares of Corelogic from a “buy” rating to a “hold” rating and set a $46.00 price target on the stock. in a report on Tuesday, November 28th. Zacks Investment Research cut shares of Corelogic from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Robert W. Baird cut their price target on shares of Corelogic from $48.00 to $47.00 and set a “neutral” rating on the stock in a report on Wednesday, February 7th. Deutsche Bank set a $33.00 price target on shares of Corelogic and gave the company a “sell” rating in a report on Tuesday, February 27th. Finally, Compass Point cut shares of Corelogic from a “neutral” rating to a “sell” rating and set a $43.00 price target on the stock. in a report on Tuesday, February 6th.

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In related news, insider Barry M. Sando sold 1,383 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $46.00, for a total transaction of $63,618.00. Following the transaction, the insider now owns 174,154 shares in the company, valued at $8,011,084. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of CLGX. Lazard Asset Management LLC lifted its position in Corelogic by 70.3% during the fourth quarter. Lazard Asset Management LLC now owns 3,316,386 shares of the business services provider’s stock valued at $153,250,000 after purchasing an additional 1,368,543 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Corelogic by 136.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 629,224 shares of the business services provider’s stock worth $29,076,000 after acquiring an additional 362,858 shares during the period. APG Asset Management N.V. bought a new position in Corelogic in the fourth quarter worth approximately $10,879,000. OxFORD Asset Management LLP raised its position in Corelogic by 220.7% in the third quarter. OxFORD Asset Management LLP now owns 297,052 shares of the business services provider’s stock worth $13,791,000 after acquiring an additional 204,418 shares during the period. Finally, Thompson Siegel & Walmsley LLC bought a new position in Corelogic in the third quarter worth approximately $8,209,000. Institutional investors own 89.82% of the company’s stock.

Shares of Corelogic (CLGX) traded down $0.11 on Wednesday, reaching $46.38. 260,495 shares of the company’s stock were exchanged, compared to its average volume of 503,013. The stock has a market capitalization of $3,788.29, a PE ratio of 25.51, a PEG ratio of 1.83 and a beta of 0.89. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.67. Corelogic has a twelve month low of $38.49 and a twelve month high of $49.30.

Corelogic (NYSE:CLGX) last announced its quarterly earnings data on Monday, February 26th. The business services provider reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.05. The business had revenue of $454.16 million for the quarter, compared to analysts’ expectations of $450.54 million. Corelogic had a net margin of 8.22% and a return on equity of 16.73%. The business’s revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.56 earnings per share. sell-side analysts forecast that Corelogic will post 2.31 EPS for the current fiscal year.

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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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