Corelogic (CLGX) Earns “Buy” Rating from Barclays

Barclays reiterated their buy rating on shares of Corelogic (NYSE:CLGX) in a research note issued to investors on Friday morning. Barclays currently has a $58.00 price objective on the business services provider’s stock.

A number of other research firms have also issued reports on CLGX. Zacks Investment Research lowered Corelogic from a hold rating to a sell rating in a research note on Monday, October 30th. SunTrust Banks lowered Corelogic from a buy rating to a hold rating and set a $46.00 target price for the company. in a research note on Tuesday, November 28th. BidaskClub lowered Corelogic from a buy rating to a hold rating in a research note on Friday, October 27th. Piper Jaffray Companies reiterated a hold rating and issued a $50.00 target price on shares of Corelogic in a research note on Friday, October 27th. Finally, Compass Point started coverage on Corelogic in a research note on Wednesday, January 3rd. They issued a neutral rating and a $49.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $49.25.

Corelogic (NYSE CLGX) traded down $0.39 during mid-day trading on Friday, hitting $45.98. The stock had a trading volume of 578,600 shares, compared to its average volume of 499,400. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.69. Corelogic has a fifty-two week low of $34.59 and a fifty-two week high of $49.30. The firm has a market capitalization of $3,780.00, a price-to-earnings ratio of 43.38, a P/E/G ratio of 1.97 and a beta of 0.84.

Corelogic (NYSE:CLGX) last posted its earnings results on Wednesday, October 25th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Corelogic had a return on equity of 17.10% and a net margin of 4.86%. The business had revenue of $483.10 million during the quarter, compared to analyst estimates of $490.09 million. During the same quarter last year, the firm earned $0.73 earnings per share. The company’s revenue for the quarter was down 7.8% compared to the same quarter last year. research analysts expect that Corelogic will post 2.04 EPS for the current fiscal year.

In other Corelogic news, Director Mary Lee Widener sold 900 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $46.70, for a total transaction of $42,030.00. Following the completion of the sale, the director now owns 8,434 shares in the company, valued at approximately $393,867.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Corelogic by 9.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,351 shares of the business services provider’s stock worth $145,000 after buying an additional 283 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Corelogic by 1.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 25,329 shares of the business services provider’s stock worth $1,099,000 after purchasing an additional 459 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Corelogic by 5.5% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,340 shares of the business services provider’s stock worth $590,000 after purchasing an additional 801 shares during the last quarter. Prudential PLC lifted its holdings in shares of Corelogic by 0.3% in the 2nd quarter. Prudential PLC now owns 308,687 shares of the business services provider’s stock worth $13,390,000 after purchasing an additional 1,000 shares during the last quarter. Finally, TD Asset Management Inc. lifted its holdings in shares of Corelogic by 0.6% in the 3rd quarter. TD Asset Management Inc. now owns 210,400 shares of the business services provider’s stock worth $9,725,000 after purchasing an additional 1,209 shares during the last quarter. 88.80% of the stock is currently owned by institutional investors.

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About Corelogic

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. Its segments include Property Intelligence (PI), Risk Management and Work Flow (RMW), and Corporate.

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