Piper Jaffray Cos. Lowers CoreLogic Inc. (CLGX) to Neutral
Piper Jaffray Cos. cut shares of CoreLogic Inc. (NYSE:CLGX) from an overweight rating to a neutral rating in a research report released on Monday morning. The brokerage currently has $40.00 price target on the stock, down from their previous price target of $49.00.
Other analysts have also recently issued reports about the stock. Barclays PLC restated a buy rating on shares of CoreLogic in a report on Thursday, November 3rd. Monness Crespi & Hardt lifted their target price on shares of CoreLogic from $44.00 to $46.00 and gave the company a buy rating in a research note on Wednesday, July 27th. Zacks Investment Research cut shares of CoreLogic from a buy rating to a hold rating in a research note on Tuesday, September 27th. Keefe, Bruyette & Woods reduced their target price on shares of CoreLogic from $44.50 to $43.00 and set a market perform rating for the company in a research note on Monday, September 19th. Finally, Robert W. Baird cut shares of CoreLogic from an outperform rating to a neutral rating and lifted their target price for the company from $40.00 to $41.00 in a research note on Wednesday, July 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $42.94.
Shares of CoreLogic (NYSE:CLGX) opened at 38.427 on Monday. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 24.507 and a beta of 1.00. CoreLogic has a 52-week low of $30.73 and a 52-week high of $43.43. The stock has a 50 day moving average of $39.73 and a 200 day moving average of $39.04.
CoreLogic (NYSE:CLGX) last posted its quarterly earnings results on Monday, October 24th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. The business earned $524 million during the quarter, compared to analysts’ expectations of $502.40 million. CoreLogic had a net margin of 7.53% and a return on equity of 15.64%. The firm’s quarterly revenue was up 35.8% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. Equities analysts predict that CoreLogic will post $2.36 EPS for the current fiscal year.
In other CoreLogic news, insider Anand K. Nallathambi sold 20,000 shares of the company’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $39.06, for a total transaction of $781,200.00. Following the transaction, the insider now directly owns 206,047 shares in the company, valued at approximately $8,048,195.82. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Frank Martell bought 4,000 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were acquired at an average price of $37.27 per share, for a total transaction of $149,080.00. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new position in CoreLogic during the third quarter worth about $104,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in CoreLogic by 12.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,068 shares of the company’s stock worth $120,000 after buying an additional 340 shares during the last quarter. Huntington National Bank increased its position in CoreLogic by 59.3% in the second quarter. Huntington National Bank now owns 4,526 shares of the company’s stock worth $174,000 after buying an additional 1,685 shares during the last quarter. LS Investment Advisors LLC increased its position in CoreLogic by 74.0% in the second quarter. LS Investment Advisors LLC now owns 5,356 shares of the company’s stock worth $206,000 after buying an additional 2,278 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in CoreLogic by 174.9% in the second quarter. Tower Research Capital LLC TRC now owns 5,394 shares of the company’s stock worth $208,000 after buying an additional 3,432 shares during the last quarter. Institutional investors own 87.52% of the company’s stock.
CoreLogic Company Profile
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. It operates through two segments: Property Intelligence and Risk Management and Work Flow.
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