Relx (NYSE:RELX) Stock Rating Upgraded by Wall Street Zen

Relx (NYSE:RELX) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

RELX has been the subject of a number of other research reports. Zacks Research raised Relx from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Relx in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft raised shares of Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a report on Monday, February 2nd. Finally, Citigroup initiated coverage on shares of Relx in a research note on Monday, January 12th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Relx Stock Performance

Shares of NYSE RELX opened at $31.49 on Monday. The company’s 50-day simple moving average is $37.59 and its 200-day simple moving average is $42.27. The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 2.38. Relx has a 52-week low of $27.57 and a 52-week high of $56.33.

Relx (NYSE:RELX) last released its quarterly earnings results on Thursday, February 12th. The technology company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.42). The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $6.70 billion. Sell-side analysts predict that Relx will post 1.68 EPS for the current year.

Institutional Investors Weigh In On Relx

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Relx in the 4th quarter valued at about $26,000. Cornerstone Planning Group LLC raised its position in shares of Relx by 2,574.1% during the 4th quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock valued at $27,000 after buying an additional 695 shares during the period. NewSquare Capital LLC lifted its holdings in Relx by 522.0% in the second quarter. NewSquare Capital LLC now owns 566 shares of the technology company’s stock valued at $31,000 after acquiring an additional 475 shares during the last quarter. Salomon & Ludwin LLC grew its position in Relx by 1,646.2% in the third quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company’s stock worth $32,000 after acquiring an additional 642 shares during the period. Finally, Transamerica Financial Advisors LLC grew its position in Relx by 3,040.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock worth $32,000 after acquiring an additional 760 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Company Profile

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.