Relx (NYSE:RELX) Rating Lowered to “Hold” at Zacks Research

Relx (NYSE:RELX) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley reissued an “overweight” rating on shares of Relx in a research report on Monday, February 2nd. Citigroup began coverage on Relx in a research report on Monday, January 12th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft upgraded Relx from a “hold” rating to a “buy” rating in a research report on Tuesday, December 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Relx in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Relx from a “hold” rating to a “buy” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Relx Price Performance

RELX stock opened at $35.19 on Wednesday. Relx has a 52 week low of $27.57 and a 52 week high of $56.33. The company’s 50-day simple moving average is $36.27 and its 200 day simple moving average is $41.44. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49.

Relx (NYSE:RELX) last posted its quarterly earnings data on Thursday, February 12th. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.42). The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $6.70 billion. Sell-side analysts forecast that Relx will post 1.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Relx

Several large investors have recently bought and sold shares of RELX. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Relx during the fourth quarter worth about $26,000. Cornerstone Planning Group LLC boosted its position in Relx by 2,574.1% during the 4th quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock worth $27,000 after buying an additional 695 shares during the period. NewSquare Capital LLC grew its holdings in Relx by 522.0% during the 2nd quarter. NewSquare Capital LLC now owns 566 shares of the technology company’s stock worth $31,000 after acquiring an additional 475 shares during the last quarter. Salomon & Ludwin LLC increased its position in Relx by 1,646.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company’s stock valued at $32,000 after acquiring an additional 642 shares during the period. Finally, Transamerica Financial Advisors LLC raised its stake in shares of Relx by 3,040.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock valued at $32,000 after acquiring an additional 760 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors.

About Relx

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.