Relx (NYSE:RELX) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Relx (NYSE:RELX) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

Several other research firms have also recently commented on RELX. Citigroup began coverage on shares of Relx in a report on Monday, January 12th. They set a “neutral” rating for the company. Wall Street Zen raised Relx from a “hold” rating to a “buy” rating in a report on Monday, February 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Relx in a research report on Monday, December 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Relx from a “hold” rating to a “buy” rating in a research report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Relx Trading Up 1.5%

RELX stock opened at $35.72 on Wednesday. The business’s 50-day moving average is $36.16 and its two-hundred day moving average is $41.36. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 2.38. Relx has a 1 year low of $27.57 and a 1 year high of $56.33.

Relx (NYSE:RELX) last announced its quarterly earnings data on Thursday, February 12th. The technology company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.42). The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $6.70 billion. On average, equities research analysts anticipate that Relx will post 1.68 EPS for the current fiscal year.

Relx Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, June 24th. Investors of record on Friday, May 8th will be given a $0.6559 dividend. This represents a yield of 422.0%. The ex-dividend date is Friday, May 8th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Relx in the 4th quarter valued at approximately $26,000. Cornerstone Planning Group LLC lifted its holdings in shares of Relx by 2,574.1% in 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 boosted its stake in shares of 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 buying an additional 475 shares in the last quarter. Salomon & Ludwin LLC boosted its stake in shares of Relx by 1,646.2% in the third quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company’s stock valued at $32,000 after buying an additional 642 shares in the last quarter. Finally, Transamerica Financial Advisors LLC raised 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 in the last quarter. 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.