Relx (NYSE:RELX) Stock Rating Upgraded by Wall Street Zen

Relx (NYSE:RELX) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Monday.

Several other research firms have also issued reports on RELX. Weiss Ratings reissued a “hold (c+)” rating on shares of Relx in a report on Monday, December 29th. Morgan Stanley restated an “overweight” rating on shares of Relx in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft raised shares of Relx from a “hold” rating to a “buy” rating in a report on Tuesday, December 9th. Citigroup assumed coverage on shares of Relx in a research note on Monday, January 12th. They set a “neutral” rating on the stock. Finally, Zacks Research upgraded shares of Relx from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Relx Price Performance

Shares of NYSE:RELX opened at $31.22 on Monday. Relx has a 52-week low of $27.57 and a 52-week high of $56.33. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.49 and a quick ratio of 0.44. The stock’s 50-day simple moving average is $37.18 and its two-hundred day simple moving average is $42.02.

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 company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $6.70 billion. As a group, equities analysts forecast that Relx will post 1.68 earnings per share for the current year.

Institutional Trading of Relx

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC grew its position in Relx by 3.5% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 6,866 shares of the technology company’s stock valued at $373,000 after acquiring an additional 230 shares during the last quarter. Whipplewood Advisors LLC boosted its stake in shares of Relx by 15.7% during the second quarter. Whipplewood Advisors LLC now owns 1,719 shares of the technology company’s stock valued at $93,000 after purchasing an additional 233 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Relx by 6.3% in the third quarter. Global Retirement Partners LLC now owns 4,067 shares of the technology company’s stock worth $194,000 after purchasing an additional 240 shares during the last quarter. Huntington National Bank increased its stake in Relx by 5.1% in the 3rd quarter. Huntington National Bank now owns 5,150 shares of the technology company’s stock worth $246,000 after buying an additional 250 shares during the period. Finally, Concurrent Investment Advisors LLC increased its stake in Relx by 3.2% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 8,039 shares of the technology company’s stock worth $384,000 after buying an additional 252 shares during the period. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Company Profile

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.