Corelogic (CLGX) Stock Rating Lowered by Zacks Investment Research

Corelogic (NYSE:CLGX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

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. “

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Several other analysts have also commented on the stock. Barclays restated a “buy” rating and issued a $58.00 price objective on shares of Corelogic in a report on Sunday, December 16th. TheStreet lowered shares of Corelogic from a “b-” rating to a “c+” rating in a report on Monday, December 24th. Stephens lowered shares of Corelogic from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $51.00 to $40.00 in a report on Tuesday, January 29th. Deutsche Bank lowered their price objective on shares of Corelogic from $45.00 to $36.00 and set a “hold” rating for the company in a report on Monday, January 7th. Finally, Robert W. Baird set a $36.00 price objective on shares of Corelogic and gave the stock a “hold” rating in a report on Sunday, December 23rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.00.

NYSE CLGX opened at $39.89 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $3.22 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 1.49 and a beta of 0.82. Corelogic has a 1 year low of $31.87 and a 1 year high of $55.79.

Hedge funds have recently added to or reduced their stakes in the company. Cutler Group LP lifted its holdings in shares of Corelogic by 2,000.0% during the fourth 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 lifted its holdings in shares of Corelogic by 12.7% during the fourth 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 purchased a new position in shares of Corelogic during the fourth quarter valued at approximately $164,000. Dupont Capital Management Corp purchased a new position in shares of Corelogic during the fourth quarter valued at approximately $179,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Corelogic during the fourth quarter valued at approximately $204,000. Hedge funds and other institutional investors own 89.69% of the company’s stock.

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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