Corelogic (NYSE:CLGX) Upgraded at TheStreet

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TheStreet upgraded shares of Corelogic (NYSE:CLGX) from a c+ rating to a b- rating in a research note published on Thursday, TheStreetRatingsTable reports.

A number of other analysts have also weighed in on the company. Compass Point raised Corelogic from a neutral rating to a buy rating and set a $48.00 price objective for the company in a research note on Monday, May 4th. Robert W. Baird increased their price target on shares of Corelogic from $45.00 to $52.00 and gave the company a neutral rating in a research report on Thursday, February 20th. Deutsche Bank decreased their price objective on shares of Corelogic from $39.00 to $27.00 and set a sell rating on the stock in a research report on Monday, March 23rd. William Blair reiterated a market perform rating on shares of Corelogic in a report on Thursday, February 20th. Finally, Stephens raised Corelogic from an equal weight rating to an overweight rating and cut their target price for the stock from $47.00 to $45.00 in a research note on Monday, April 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $45.90.

Corelogic stock opened at $47.19 on Thursday. The firm has a fifty day simple moving average of $38.67 and a two-hundred day simple moving average of $42.07. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.71. Corelogic has a twelve month low of $24.69 and a twelve month high of $51.74. The company has a market capitalization of $3.64 billion, a PE ratio of 46.72, a P/E/G ratio of 1.50 and a beta of 1.21.

Corelogic (NYSE:CLGX) last released its quarterly earnings data on Thursday, April 30th. The business services provider reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.05. The firm had revenue of $443.89 million for the quarter, compared to the consensus estimate of $438.44 million. Corelogic had a return on equity of 24.23% and a net margin of 4.56%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share. As a group, equities analysts expect that Corelogic will post 2.55 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.88 annualized dividend and a yield of 1.86%. Corelogic’s dividend payout ratio (DPR) is presently 35.20%.

In other Corelogic news, Director Paul F. Folino sold 650 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $46.57, for a total transaction of $30,270.50. Following the completion of the transaction, the director now owns 9,460 shares of the company’s stock, valued at $440,552.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frank Martell sold 7,500 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $40.16, for a total transaction of $301,200.00. Following the sale, the chief executive officer now owns 360,886 shares in the company, valued at approximately $14,493,181.76. The disclosure for this sale can be found here. Insiders have sold a total of 15,592 shares of company stock worth $651,503 in the last quarter. Company insiders own 1.60% of the company’s stock.

A number of large investors have recently bought and sold shares of CLGX. Advisory Services Network LLC increased its stake in shares of Corelogic by 69.2% during the fourth quarter. Advisory Services Network LLC now owns 785 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 321 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Corelogic in the 4th quarter worth approximately $46,000. Asset Management One Co. Ltd. purchased a new stake in shares of Corelogic in the 1st quarter worth approximately $33,000. Pearl River Capital LLC bought a new position in Corelogic during the 1st quarter valued at approximately $46,000. Finally, Pinz Capital Management LP purchased a new position in Corelogic during the first quarter valued at $47,000. 92.16% of the stock is currently owned by institutional investors and hedge funds.

Corelogic Company Profile

CoreLogic, Inc, together with its subsidiaries, provides property information, insight, analytics, and data-enabled solutions in North America, Western Europe, and the Asia Pacific. The company operates in two segments, Property Intelligence & Risk Management Solutions (PIRM) and Underwriting & Workflow Solutions (UWS).

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Analyst Recommendations for Corelogic (NYSE:CLGX)

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