Relx (NYSE:RELX) Rating Lowered to Hold at Wall Street Zen

Relx (NYSE:RELX) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft raised Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Morgan Stanley reiterated an “overweight” rating on shares of Relx in a research note on Monday, February 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Relx in a research report on Monday, December 29th. Citigroup initiated coverage on shares of Relx in a research note on Monday, January 12th. They set a “neutral” rating on the stock. Finally, Zacks Research cut shares of Relx from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Relx Stock Up 1.5%

RELX stock opened at $35.72 on Friday. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.49 and a quick ratio of 0.44. The stock has a 50-day moving average price of $36.16 and a 200-day moving average price of $41.26. Relx has a 1-year low of $27.57 and a 1-year high of $56.33.

Relx (NYSE:RELX) last announced its earnings results on Thursday, February 12th. The technology company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.42). The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $6.70 billion. Equities research analysts expect that Relx will post 1.68 earnings per share for the current year.

Hedge Funds Weigh In On Relx

A number of institutional investors have recently modified their holdings of the company. Frank Rimerman Advisors LLC grew its position in Relx by 3.5% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 6,866 shares of the technology company’s stock valued at $373,000 after purchasing an additional 230 shares during the period. Global Retirement Partners LLC increased its stake in Relx by 6.3% during the 3rd quarter. Global Retirement Partners LLC now owns 4,067 shares of the technology company’s stock valued at $194,000 after purchasing an additional 240 shares in the last quarter. Huntington National Bank raised its holdings in Relx by 5.1% during the third quarter. Huntington National Bank now owns 5,150 shares of the technology company’s stock worth $246,000 after buying an additional 250 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in Relx by 3.2% during the third quarter. Concurrent Investment Advisors LLC now owns 8,039 shares of the technology company’s stock worth $384,000 after buying an additional 252 shares during the last quarter. Finally, Bridgewater Advisors Inc. lifted its stake in shares of Relx by 2.5% in the fourth quarter. Bridgewater Advisors Inc. now owns 11,084 shares of the technology company’s stock valued at $447,000 after buying an additional 267 shares in the last quarter. 15.02% of the stock is 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.