CoreLogic Inc. (CLGX) Receives Consensus Rating of “Buy” from Brokerages
Shares of CoreLogic Inc. (NYSE:CLGX) have been given an average recommendation of “Buy” by the nine research firms that are covering the stock. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $42.06.
Several equities research analysts have recently weighed in on CLGX shares. Barclays PLC reaffirmed a “buy” rating on shares of CoreLogic in a report on Thursday, November 3rd. Monness Crespi & Hardt upped their target price on shares of CoreLogic from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. Zacks Investment Research lowered shares of CoreLogic from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. Keefe, Bruyette & Woods lowered their target price on shares of CoreLogic from $44.50 to $43.00 and set a “market perform” rating on the stock in a report on Monday, September 19th. Finally, Piper Jaffray Cos. lowered shares of CoreLogic from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $49.00 to $40.00 in a report on Monday, November 14th.
Shares of CoreLogic (NYSE:CLGX) opened at 38.60 on Thursday. CoreLogic has a 12-month low of $30.73 and a 12-month high of $43.43. The company has a 50 day moving average of $39.65 and a 200-day moving average of $39.12. The company has a market capitalization of $3.33 billion, a P/E ratio of 24.62 and a beta of 1.00.
CoreLogic (NYSE:CLGX) last posted its earnings results on Monday, October 24th. The company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.07. CoreLogic had a net margin of 7.53% and a return on equity of 15.64%. The business had revenue of $524 million for the quarter, compared to analyst estimates of $502.40 million. During the same quarter in the prior year, the firm earned $0.54 EPS. The firm’s quarterly revenue was up 35.8% compared to the same quarter last year. On average, equities analysts anticipate that CoreLogic will post $2.36 EPS for the current fiscal year.
In related news, insider Anand K. Nallathambi sold 20,000 shares of the stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $39.06, for a total value of $781,200.00. Following the sale, the insider now directly owns 206,047 shares in the company, valued at approximately $8,048,195.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Frank Martell purchased 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was purchased 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.
Several hedge funds have recently made changes to their positions in CLGX. CrestPoint Capital Management LLC purchased a new stake in shares of CoreLogic during the second quarter worth $208,000. Capstone Asset Management Co. increased its stake in shares of CoreLogic by 3.5% in the second quarter. Capstone Asset Management Co. now owns 7,662 shares of the company’s stock worth $295,000 after buying an additional 260 shares in the last quarter. NN Investment Partners Holdings N.V. increased its stake in shares of CoreLogic by 7.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 24,985 shares of the company’s stock worth $961,000 after buying an additional 1,675 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of CoreLogic by 110.5% in the second quarter. Fisher Asset Management LLC now owns 1,395,138 shares of the company’s stock worth $56,182,000 after buying an additional 732,437 shares in the last quarter. Finally, First American Trust FSB increased its stake in shares of CoreLogic by 0.6% in the second quarter. First American Trust FSB now owns 34,488 shares of the company’s stock worth $1,327,000 after buying an additional 201 shares in the last quarter. Institutional investors and hedge funds own 86.76% 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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