Kepler Capital Markets Upgrades Relx (NYSE:RELX) to Strong-Buy

Key Points

• Relx was upgraded by Kepler Capital Markets from a "hold" to a "strong-buy" rating, highlighting improved investor sentiment for the company.
• Despite the positive upgrade, shares of Relx experienced a 1.1% decline on the latest trading day, opening at $47.09.
• Institutional investors have recently increased their stakes in Relx, with significant boosts from firms like Goldman Sachs and Ameriprise Financial.

Relx (NYSE:RELX - Get Free Report) was upgraded by stock analysts at Kepler Capital Markets from a "hold" rating to a "strong-buy" rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other analysts have also recently weighed in on RELX. Morgan Stanley reiterated an "overweight" rating on shares of Relx in a research report on Thursday, September 11th. Wall Street Zen lowered Relx from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat, Relx presently has an average rating of "Buy".

Relx Stock Performance

Shares of NYSE:RELX traded down $0.52 during trading on Thursday, reaching $47.09. 1,170,348 shares of the company's stock traded hands, compared to its average volume of 1,493,622. The stock has a market capitalization of $86.30 billion, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 3.07 and a beta of 0.87. Relx has a 12 month low of $44.19 and a 12 month high of $56.33. The company has a 50 day moving average of $49.14 and a 200-day moving average of $51.09. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42.

Institutional Trading of Relx

Hedge funds and other institutional investors have recently made changes to their positions in the business. Orion Porfolio Solutions LLC lifted its holdings in shares of Relx by 622.0% during the second quarter. Orion Porfolio Solutions LLC now owns 1,350,189 shares of the technology company's stock valued at $73,369,000 after purchasing an additional 1,163,189 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Relx by 6,125.5% during the first quarter. GAMMA Investing LLC now owns 679,073 shares of the technology company's stock worth $34,232,000 after acquiring an additional 668,165 shares in the last quarter. ABC Arbitrage SA raised its stake in shares of Relx by 188.9% during the 2nd quarter. ABC Arbitrage SA now owns 560,958 shares of the technology company's stock worth $30,482,000 after purchasing an additional 366,761 shares in the last quarter. Carnegie Investment Counsel acquired a new stake in shares of Relx during the 1st quarter valued at about $16,026,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of Relx by 10.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,344,134 shares of the technology company's stock valued at $181,569,000 after purchasing an additional 303,002 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors.

Relx Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.