Boston, MA 10/08/2014 (wallstreetpr) – Corelogic Inc (NYSE:CLGX) reached a 52-week low during yesterday’s trading, when the stock traded at as low as $26.05.
According to an article that highlighted a report from StockRatingsNetwork.com, on Tuesday, the stock traded at lows of $26.05. It last traded at slightly more than this value ($26.45) with a volume of as much as 485,546 shares changing hands. Earlier to this, the stock had closed at $26.51, the article reported.
Analysts’ Take
As of now, several research firms are following Corelogic Inc (NYSE:CLGX)’s stock. According to a research note issued by Piper Jaffray analysts on Sept 24, the stock was rated as “underweight.” It was set at a target price of $35.00. Apart from this, analysts working with Zacks downgraded the company’s shares to “underperform.” Their initial rating on Corelogic was set at “neutral”, and the new rating was issued on Sept 11. As of now, the stock has been set at a target price of $26.80. Another set of analysts at Keefe, Bruyette & Woods cut their price target on the company’s shares to $32.00. The new target price was updated in a research note that was issued on July 29. The initial price target then was $36.00. In addition, one other equity research analyst has allocated a “sell” rating to the stock and three have assigned the stock a “hold” rating. Apart from this, six analysts have issued a “buy” rating to it. Corelogic has a consensus rating of “buy” with an average price target of $33.97.
Corelogic stock’s 50-day moving average presently is $27.70 while its 200-day moving average has been recorded to be $28.56. Its market cap is $2.415 billion and reports a price-to-earnings ratio of 57.38.
Corelogic Inc (NYSE:CLGX) had reported its financial results for the quarter on July 23, and it is expected that its earnings per share for this year will be around $1.30.
