Relx (NYSE:RELX) Rating Increased to Buy at Citigroup

Citigroup upgraded shares of Relx (NYSE:RELX) from a neutral rating to a buy rating in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports.

RELX has been the topic of several other research reports. Zacks Research lowered Relx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Relx in a research note on Monday, December 29th. Morgan Stanley restated an “overweight” rating on shares of Relx in a research note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft upgraded Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Finally, Wall Street Zen lowered Relx from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Relx Price Performance

RELX stock opened at $33.92 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 2.38. The business has a 50-day moving average of $32.79 and a 200-day moving average of $39.16. Relx has a fifty-two week low of $27.57 and a fifty-two week high of $56.33.

Relx (NYSE:RELX) last released its earnings results on Wednesday, February 11th. The technology company reported $42.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $41.96. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $6.70 billion. On average, equities analysts anticipate that Relx will post 1.68 EPS for the current fiscal year.

Relx Dividend Announcement

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

Institutional Investors Weigh In On Relx

A number of hedge funds and other institutional investors have recently bought and sold shares of RELX. Capital International Investors grew its position in Relx by 66.7% during the 4th quarter. Capital International Investors now owns 10,662,595 shares of the technology company’s stock worth $433,887,000 after acquiring an additional 4,264,474 shares during the last quarter. Orion Porfolio Solutions LLC lifted its holdings in Relx by 622.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,350,189 shares of the technology company’s stock worth $73,369,000 after buying an additional 1,163,189 shares during the period. Millennium Management LLC lifted its holdings in Relx by 251.6% during the 4th quarter. Millennium Management LLC now owns 1,207,191 shares of the technology company’s stock worth $48,795,000 after buying an additional 863,856 shares during the period. Voloridge Investment Management LLC acquired a new position in Relx during the 3rd quarter worth about $39,737,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Relx by 80.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,488,278 shares of the technology company’s stock worth $60,156,000 after buying an additional 664,888 shares during the period. Institutional investors own 15.02% of the company’s stock.

About Relx

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.