RELX PLC (RELX) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

RELX PLC (NYSE: RELX) stock fell -2.05% on Friday to $24.39 against a previous-day closing price of $24.90. With 1.09 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.99 million shares. During the session, the Publishing company that operates in wider Communication Services sector, reached to the highest price of $24.90 whereas the lowest price it dropped to was $24.36. The 52-week range on RELX shows that it touched its highest point at $32.71 and its lowest point at $24.81 during that stretch. It currently has a 1-year price target of $32.80. With its current market cap of 47.63 billion, RELX has annualized dividend of $0.62 while the current yield stands at 2.56%. Beta for the stock currently stands at 0.78.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RELX was down-trending over the past week, with a drop of -4.50%, but this was down by -13.02% over a month. Three-month performance dropped to -6.52% while six-month performance fell -19.88%. The stock lost -19.93% in the past year, while it has lost -25.21% so far this year. EPS is expected to grow by 7.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.50%.

Float and Shares Shorts:

At present, 1.92 billion RELX shares are outstanding with a float of 1.90 billion shares on hand for trading. On Aug 30, 2022, short shares totaled 0.99 million, which was 0.05% higher than short shares on Jul 28, 2022. In addition to Mr. Erik Engstrom as the firm’s CEO & Exec. Director, Mr. Nicholas Lawrence Luff serves as its CFO & Exec. Director.

Institutional Ownership:

Through their ownership of 3.66% of RELX’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 2.94% of RELX, in contrast to 0.53% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in RELX with 0.48% of the stake, Capital Research & Management Co holds 9,199,143 shares worth 9,199,143. A second-largest stockholder of RELX, Lazard Asset Management LLC, holds 7,034,795 shares, controlling over 0.37% of the firm’s shares. Managed Account Advisors LLC is the third largest shareholder in RELX, holding 5,876,967 shares or 0.31% stake. With a 0.16% stake in RELX, the Washington Mutual Investors Fund is the largest stakeholder. A total of 3,020,541 shares are owned by the mutual fund manager. The American Mutual Fund, which owns about 0.10% of RELX stock, is the second-largest Mutual Fund holder. It holds 1,982,056 shares valued at 51.89 million. American Funds Capital World Grow holds 0.05% of the stake in RELX, owning 860,000 shares worth 22.51 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. Over the past year, revenue came in at $7.82B while operating income stood at $2.10B. EBITDA for the full year was $2.81B.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RELX since 3 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With RELX analysts setting a high price target of $32.80 and a low target of $32.80, the average target price over the next 12 months is $32.80. Based on these targets, RELX could surge 34.48% to reach the target high and rise by 34.48% to reach the target low. Reaching the average price target will result in a growth of 34.48% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. RELX will report FY 2022 earnings on 02/09/2023. Analysts have provided yearly estimates in a range of $1.26 being high and $0.95 being low. For RELX, this leads to a yearly average estimate of $1.19.

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