Somewhat Favorable Press Coverage Somewhat Unlikely to Impact CoreLogic (CLGX) Stock Price
News stories about CoreLogic (NYSE:CLGX) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CoreLogic earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 45.1829330769673 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- CoreLogic (CLGX) versus Equifax (EFX) Head to Head Review (americanbankingnews.com)
- CoreLogic (CLGX) Downgraded by Zacks Investment Research (americanbankingnews.com)
- U.S. home prices surge, outpacing wage growth (latimes.com)
- Analyzing CoreLogic (CLGX) and Equifax (EFX) (americanbankingnews.com)
Shares of CoreLogic (CLGX) traded down $0.60 on Wednesday, hitting $45.64. The company’s stock had a trading volume of 569,654 shares, compared to its average volume of 503,287. CoreLogic has a twelve month low of $34.59 and a twelve month high of $49.30. The firm has a market cap of $3,874.86, a P/E ratio of 43.06, a PEG ratio of 2.10 and a beta of 0.84. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.69.
CoreLogic (NYSE:CLGX) last issued its earnings results on Wednesday, October 25th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $490.09 million. During the same period last year, the company earned $0.73 EPS. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. equities analysts expect that CoreLogic will post 2.04 EPS for the current year.
A number of research analysts have weighed in on the company. Zacks Investment Research lowered CoreLogic from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub upgraded CoreLogic from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Barclays raised their price objective on CoreLogic from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Piper Jaffray Companies restated a “hold” rating and issued a $50.00 price objective on shares of CoreLogic in a report on Friday, October 27th. Finally, SunTrust Banks lowered CoreLogic from a “buy” rating to a “hold” rating and set a $46.00 price objective on the stock. in a report on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $48.43.
In other CoreLogic news, Director Mary Lee Widener sold 900 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $46.70, for a total value of $42,030.00. Following the completion of the sale, the director now directly owns 8,434 shares of the company’s stock, valued at approximately $393,867.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by company insiders.
CoreLogic Company Profile
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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