Corelogic (CLGX) – Research Analysts’ Weekly Ratings Changes

Corelogic (NYSE: CLGX) has recently received a number of price target changes and ratings updates:

  • 2/26/2019 – Corelogic was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “CoreLogic, Inc., formerly known as First American Corp., is a provider of consumer, financial and property information, analytics and services to business and government. The Company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services. CoreLogic has built databases for U.S. real estate, mortgage application, fraud, and loan performance and is also a provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. The Company serves various industries, including automotive, cable, financial services, employment, geospatial information service, insurance, legal, oil and gas, real estate, retail, utility, and telecommunications. CoreLogic, Inc. is headquartered in Santa Ana, California. “
  • 2/20/2019 – Corelogic was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CoreLogic, Inc., formerly known as First American Corp., is a provider of consumer, financial and property information, analytics and services to business and government. The Company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services. CoreLogic has built databases for U.S. real estate, mortgage application, fraud, and loan performance and is also a provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. The Company serves various industries, including automotive, cable, financial services, employment, geospatial information service, insurance, legal, oil and gas, real estate, retail, utility, and telecommunications. CoreLogic, Inc. is headquartered in Santa Ana, California. “
  • 2/13/2019 – Corelogic was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CoreLogic, Inc., formerly known as First American Corp., is a provider of consumer, financial and property information, analytics and services to business and government. The Company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services. CoreLogic has built databases for U.S. real estate, mortgage application, fraud, and loan performance and is also a provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. The Company serves various industries, including automotive, cable, financial services, employment, geospatial information service, insurance, legal, oil and gas, real estate, retail, utility, and telecommunications. CoreLogic, Inc. is headquartered in Santa Ana, California. “
  • 2/6/2019 – Corelogic was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “CoreLogic, Inc., formerly known as First American Corp., is a provider of consumer, financial and property information, analytics and services to business and government. The Company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services. CoreLogic has built databases for U.S. real estate, mortgage application, fraud, and loan performance and is also a provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. The Company serves various industries, including automotive, cable, financial services, employment, geospatial information service, insurance, legal, oil and gas, real estate, retail, utility, and telecommunications. CoreLogic, Inc. is headquartered in Santa Ana, California. “
  • 1/29/2019 – Corelogic was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating. They now have a $40.00 price target on the stock, down previously from $51.00.
  • 1/23/2019 – Corelogic was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “CoreLogic, Inc., formerly known as First American Corp., is a provider of consumer, financial and property information, analytics and services to business and government. The Company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services. CoreLogic has built databases for U.S. real estate, mortgage application, fraud, and loan performance and is also a provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. The Company serves various industries, including automotive, cable, financial services, employment, geospatial information service, insurance, legal, oil and gas, real estate, retail, utility, and telecommunications. CoreLogic, Inc. is headquartered in Santa Ana, California. “
  • 1/11/2019 – Corelogic was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CoreLogic, Inc., formerly known as First American Corp., is a provider of consumer, financial and property information, analytics and services to business and government. The Company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services. CoreLogic has built databases for U.S. real estate, mortgage application, fraud, and loan performance and is also a provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. The Company serves various industries, including automotive, cable, financial services, employment, geospatial information service, insurance, legal, oil and gas, real estate, retail, utility, and telecommunications. CoreLogic, Inc. is headquartered in Santa Ana, California. “
  • 1/7/2019 – Corelogic had its price target lowered by analysts at Deutsche Bank AG from $45.00 to $36.00. They now have a “hold” rating on the stock.

CLGX opened at $40.61 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 20.83, a P/E/G ratio of 1.51 and a beta of 0.82. Corelogic Inc has a 1-year low of $31.87 and a 1-year high of $55.79.

Corelogic (NYSE:CLGX) last posted its quarterly earnings data on Tuesday, February 26th. The business services provider reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. The firm had revenue of $403.31 million during the quarter, compared to analysts’ expectations of $412.00 million. Corelogic had a net margin of 9.46% and a return on equity of 19.41%. The company’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. As a group, equities research analysts forecast that Corelogic Inc will post 2.36 EPS for the current year.

In other Corelogic news, CEO Frank Martell sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $40.01, for a total value of $400,100.00. Following the completion of the sale, the chief executive officer now owns 267,243 shares in the company, valued at approximately $10,692,392.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of CLGX. Oregon Public Employees Retirement Fund boosted its stake in shares of Corelogic by 3,242.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,078,530 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 1,046,258 shares during the last quarter. Cutler Group LP boosted its stake in shares of Corelogic by 2,000.0% in the 4th quarter. Cutler Group LP now owns 3,800 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 4,000 shares during the last quarter. Huntington National Bank boosted its stake in shares of Corelogic by 12.7% in the 4th quarter. Huntington National Bank now owns 3,814 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 430 shares during the last quarter. Quantamental Technologies LLC bought a new position in shares of Corelogic in the 4th quarter valued at about $164,000. Finally, Dupont Capital Management Corp bought a new position in shares of Corelogic in the 4th quarter valued at about $179,000. 89.69% of the stock is currently owned by institutional investors.

CoreLogic, Inc, together with its subsidiaries, provides property information, insight, analytics, and data-enabled solutions in North America, Western Europe, and the Asia Pacific. The company operates in two segments, Property Intelligence & Risk Management Solutions (PIRM) and Underwriting & Workflow Solutions (UWS).

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