Barclays Rauses Estimates on CoreLogic (CLGX); Meeting with CEO/CFO Added Confidence to Already Encouraging Story
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Price: $23.68 -0.38%
Rating Summary:
4 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
4 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade CLGX Now!
Barclays maintains an 'Overweight' on CoreLogic (NYSE: CLGX) price target of $21.00 (from $20.00).
Analyst, Darrin D. Peller, said, "...we also came away incrementally positive on management's ongoing effort to position the company for growth, stable margins, and in particular, healthy and sustainable free cash flow, even in the absence of a housing recovery."
Peller raises FY12 EPS estimate from $1.10 to $1.15 and FY13 from $1.25 to $1.30, citing better refinancing environment. He also thinks that because CLGX has solid cash flow, large share buybacks and/or the initiation of a dividend will happen in 2013.
For an analyst ratings summary and ratings history on CoreLogic click here. For more ratings news on CoreLogic click here.
Shares of CoreLogic closed at $17.19 yesterday, with a 52 week range of $7.64-$17.93.
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Analyst, Darrin D. Peller, said, "...we also came away incrementally positive on management's ongoing effort to position the company for growth, stable margins, and in particular, healthy and sustainable free cash flow, even in the absence of a housing recovery."
Peller raises FY12 EPS estimate from $1.10 to $1.15 and FY13 from $1.25 to $1.30, citing better refinancing environment. He also thinks that because CLGX has solid cash flow, large share buybacks and/or the initiation of a dividend will happen in 2013.
For an analyst ratings summary and ratings history on CoreLogic click here. For more ratings news on CoreLogic click here.
Shares of CoreLogic closed at $17.19 yesterday, with a 52 week range of $7.64-$17.93.
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