Corelogic Inc (CLGX) is Downgraded by Robert W. Baird to Neutral, Raises Price Target to $ 41

Corelogic Inc (CLGX) was Downgraded by Robert W. Baird to ” Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 41 from a previous price target of $40 . Earlier the firm had a rating of “Outperform ” on the company shares. Robert W. Baird advised their investors in a research report released on Jul 27, 2016.

On the company’s financial health, Corelogic Inc reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $0.62. The company had revenue of $500.00 million for the quarter, compared to analysts expectations of $483.18 million. The company’s revenue was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

Corelogic Inc opened for trading at $38.74 and hit $40.43 on the upside on Thursday, eventually ending the session at $40.25, with a gain of 3.44% or 1.34 points. The heightened volatility saw the trading volume jump to 10,77,950 shares. Company has a market cap of $3,576 M.

In a different news, on Jul 1, 2016, Anand K Nallathambi (President and CEO) sold 36,668 shares at $38.06 per share price. According to the SEC, on Jun 23, 2016, Maria Nalywayko (SVP HR & Strat Project Admin) sold 4,126 shares at $38.00 per share price. On May 18, 2016, John C Dorman (director) sold 7,500 shares at $37.13 per share price, according to the Form-4 filing with the securities and exchange commission.

CoreLogic Inc. is a property information analytics and data-enabled services provider operating in North America Western Europe and Asia Pacific. The Company provides detailed coverage of property mortgages and other encumbrances consumer credit tenancy location hazard risk and related performance information. It operates through two segments: Data & Analytics and Technology and Processing Solutions. The Data & Analytics segment owns or licenses data assets including loan information criminal and eviction records employment verification property sales and characteristic information property risk and replacement cost and information on mortgage-backed securities. The Technology and Processing Solutions segment provides property tax monitoring flood zone certification and monitoring credit services mortgage loan administration and production services lending solutions mortgage-related business process outsourcing technology solutions and compliance-related services

Corelogic Inc

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