Corelogic (CLGX) Cut to “Sell” at Compass Point

Compass Point downgraded shares of Corelogic (NYSE:CLGX) from a neutral rating to a sell rating in a research report released on Tuesday morning, MarketBeat reports. Compass Point currently has $43.00 price objective on the business services provider’s stock.

Several other research firms have also recently weighed in on CLGX. BidaskClub upgraded Corelogic from a hold rating to a buy rating in a report on Tuesday, October 17th. Barclays increased their price objective on Corelogic from $50.00 to $52.00 and gave the stock an overweight rating in a report on Friday, October 27th. Piper Jaffray Companies reiterated a hold rating and issued a $50.00 price objective on shares of Corelogic in a report on Friday, October 27th. Zacks Investment Research upgraded Corelogic from a sell rating to a hold rating in a report on Tuesday, January 30th. Finally, William Blair cut Corelogic from an outperform rating to a market perform rating in a research note on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Corelogic currently has a consensus rating of Hold and a consensus price target of $48.88.

Shares of Corelogic (NYSE CLGX) opened at $43.43 on Tuesday. Corelogic has a fifty-two week low of $36.31 and a fifty-two week high of $49.30. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization of $3,704.35, a P/E ratio of 40.97, a price-to-earnings-growth ratio of 1.93 and a beta of 0.88.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in shares of Corelogic by 2.8% in the 3rd quarter. Bessemer Group Inc. now owns 2,999,746 shares of the business services provider’s stock valued at $138,649,000 after purchasing an additional 81,221 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Corelogic by 5.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 116,546 shares of the business services provider’s stock valued at $5,056,000 after purchasing an additional 6,278 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Corelogic by 632.7% in the 3rd quarter. Janus Henderson Group PLC now owns 120,900 shares of the business services provider’s stock valued at $5,588,000 after purchasing an additional 104,400 shares during the period. Vident Investment Advisory LLC purchased a new position in shares of Corelogic in the 3rd quarter valued at approximately $2,626,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Corelogic by 45.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 65,896 shares of the business services provider’s stock valued at $3,046,000 after purchasing an additional 20,698 shares during the period. Institutional investors own 88.84% of the company’s stock.

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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.

Analyst Recommendations for Corelogic (NYSE:CLGX)

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