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

Relx (NYSE:RELX) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Other equities analysts have also issued research reports about the company. Morgan Stanley reissued an “overweight” rating on shares of Relx in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Relx from a “hold” rating to a “buy” rating in a report on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Relx in a report on Monday, December 29th. Zacks Research raised Relx from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Finally, Citigroup initiated coverage on Relx in a research report on Monday, January 12th. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy”.

Relx Stock Performance

Shares of RELX opened at $29.39 on Friday. Relx has a 1-year low of $29.21 and a 1-year high of $56.33. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55. The firm’s 50-day moving average price is $39.57 and its 200-day moving average price is $43.79.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in RELX. Dimensional Fund Advisors LP boosted its holdings in Relx by 7.9% in the third quarter. Dimensional Fund Advisors LP now owns 3,446,125 shares of the technology company’s stock worth $164,575,000 after purchasing an additional 252,390 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Relx by 1.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,390,649 shares of the technology company’s stock valued at $164,120,000 after buying an additional 46,515 shares during the period. Northern Trust Corp boosted its stake in shares of Relx by 3.5% in the 3rd quarter. Northern Trust Corp now owns 2,430,755 shares of the technology company’s stock worth $116,093,000 after buying an additional 81,195 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Relx by 0.8% in the third quarter. Envestnet Asset Management Inc. now owns 1,784,488 shares of the technology company’s stock worth $85,227,000 after acquiring an additional 14,404 shares during the period. Finally, Captrust Financial Advisors increased its position in Relx by 6.1% during the third quarter. Captrust Financial Advisors now owns 1,693,542 shares of the technology company’s stock valued at $80,884,000 after acquiring an additional 96,831 shares during the last quarter. 15.02% of the stock is owned by hedge funds and other institutional investors.

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.