Parametric Portfolio Associates L recently announced the acquisition of new stake in RELX PLC (NYSE:RELX). The institutional investor has increased its shareholding in the Industrials company by 6.87% to 3.52 million shares with purchase of 0.23 million shares. This fresh investment now brings its stake to 0.19% valued currently at $116.64 million. In addition, Goldman Sachs Asset Management LP raised its holdings by 0.19 million to 2.51 million shares. And Dimensional Fund Advisors LP has lifted its position by 4.78% or 0.11 million shares – to 2.41 million shares.
With over 1.36 million RELX PLC (RELX) shares trading Tuesday and a closing price of $30.82 on the day, the dollar volume was approximately $41.87 million. The shares have shown a positive half year performance of 12.77% and its price on 05/23/23 lost nearly -0.39%. Currently, there are 1.91B common shares owned by the public and among those 1.88B shares have been available to trade.
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for RELX have a consensus price objective of $35.35. The analysts have set the share’s price value over the next 12 months at a high of $35.50 and a low of $35.20. The average price target is 7.17% above its recent price level and an upside to the estimated low will see the stock gain 12.44% over that period. But an upside of 13.18% will see the stock hit the forecast high price target while median target price for the stock is $35.35.
The top 3 mutual fund holders in RELX PLC are Washington Mutual Investors Fund, American Mutual Fund, and Invesco International Dividend Ac. Washington Mutual Investors Fund owns 3.02 million shares of the company’s stock, all valued at over $100.01 million. Invesco International Dividend Ac now owns shares totaling to 0.03% of the shares outstanding.
Shares of RELX PLC (NYSE: RELX) opened at $31.14, up $0.2 from a prior closing price of $30.94. However, the script later moved the day high at 31.15, down -0.39%. The company’s stock has a 5-day price change of -0.19% and 0.69% over the past three months. RELX shares are trading 11.18% year to date (YTD), with the 12-month market performance up to 8.48% higher. It has a 12-month low price of $23.39 and touched a high of $33.89 over the same period. RELX has an average intraday trading volume of 785.70K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.21%, -3.46%, and 7.24% respectively.
Institutional ownership of RELX PLC (NYSE: RELX) shares accounts for 3.60% of the company’s 1.91B shares outstanding. Mutual fund holders own 0.48%, while other institutional holders and individual stakeholders account for 3.09% and — respectively.
It has a market capitalization of $58.36B and a beta (3y monthly) value of 0.83. The stock’s trailing 12-month PE ratio is 29.32, while the earnings-per-share (ttm) stands at $1.05. The company has a PEG of 4.13 and a Quick Ratio of 0.50 with the debt-to-equity ratio at 1.78. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.84% over the week and 0.96% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. EPS should grow at an annualized rate of 7.10% over the next five years, compared to 5.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate RELX PLC (RELX) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 1 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”
Leave a Reply