Corelogic Inc (CLGX) Receives $48.67 Average PT from Analysts

Corelogic Inc (NYSE:CLGX) has received an average recommendation of “Hold” from the twelve research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $48.67.

A number of research firms have issued reports on CLGX. Deutsche Bank set a $45.00 target price on Corelogic and gave the company a “hold” rating in a research note on Thursday, October 25th. Compass Point decreased their target price on Corelogic from $46.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, October 26th. Wells Fargo & Co decreased their target price on Corelogic from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, October 26th. Zacks Investment Research cut Corelogic from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, Oppenheimer decreased their target price on Corelogic from $53.00 to $46.00 and set an “outperform” rating for the company in a research note on Friday, October 26th.

In other news, Director Mary Lee Widener sold 700 shares of the company’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $50.50, for a total transaction of $35,350.00. Following the completion of the transaction, the director now directly owns 8,233 shares of the company’s stock, valued at $415,766.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frank Martell sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $40.04, for a total value of $400,400.00. Following the transaction, the chief executive officer now directly owns 272,343 shares of the company’s stock, valued at $10,904,613.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,123 shares of company stock valued at $1,617,903. Insiders own 1.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of CLGX. Bruderman Asset Management LLC acquired a new position in shares of Corelogic during the second quarter worth about $115,000. Fort L.P. bought a new stake in Corelogic during the second quarter worth about $118,000. Global X Management Co LLC bought a new stake in Corelogic during the second quarter worth about $180,000. Greenwood Capital Associates LLC bought a new stake in Corelogic during the second quarter worth about $270,000. Finally, Commonwealth Bank of Australia bought a new stake in Corelogic during the third quarter worth about $306,000. 92.27% of the stock is owned by institutional investors.

NYSE CLGX traded up $0.30 on Monday, reaching $40.10. The company had a trading volume of 399,800 shares, compared to its average volume of 474,064. The company has a market capitalization of $3.21 billion, a PE ratio of 20.59, a P/E/G ratio of 1.53 and a beta of 0.68. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.69. Corelogic has a 52 week low of $37.89 and a 52 week high of $55.79.

Corelogic (NYSE:CLGX) last released its quarterly earnings data on Wednesday, October 24th. The business services provider reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.05). Corelogic had a net margin of 9.46% and a return on equity of 19.41%. The company had revenue of $451.77 million during the quarter, compared to the consensus estimate of $476.84 million. During the same quarter in the prior year, the company posted $0.72 EPS. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that Corelogic will post 2.36 earnings per share for the current fiscal year.

Corelogic Company Profile

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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Analyst Recommendations for Corelogic (NYSE:CLGX)

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