Brokerages Set Black Knight Inc (BKI) Target Price at $57.72

Shares of Black Knight Inc (NYSE:BKI) have received an average rating of “Buy” from the nine analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $57.72.

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Black Knight from a “hold” rating to a “sell” rating in a research report on Tuesday, January 1st. Deutsche Bank decreased their price objective on Black Knight from $59.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, January 7th. Knight Equity reaffirmed a “buy” rating and set a $55.00 price objective on shares of Black Knight in a report on Wednesday, February 13th. Finally, Compass Point reaffirmed a “buy” rating and set a $59.75 price objective (up from $55.50) on shares of Black Knight in a report on Tuesday, February 19th.

NYSE:BKI traded down $0.29 during mid-day trading on Thursday, reaching $54.10. The stock had a trading volume of 204,964 shares, compared to its average volume of 695,361. The company has a market capitalization of $8.18 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 1.75 and a beta of 0.73. Black Knight has a 1-year low of $42.30 and a 1-year high of $56.45. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.11 and a current ratio of 1.11.

Black Knight (NYSE:BKI) last posted its quarterly earnings results on Wednesday, February 13th. The company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.10. Black Knight had a return on equity of 14.17% and a net margin of 15.13%. The business had revenue of $285.40 million during the quarter, compared to the consensus estimate of $285.14 million. During the same period last year, the firm earned $0.37 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities research analysts forecast that Black Knight will post 1.76 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of BKI. Private Capital Group LLC raised its stake in Black Knight by 357.7% in the fourth quarter. Private Capital Group LLC now owns 714 shares of the company’s stock valued at $32,000 after buying an additional 558 shares during the last quarter. We Are One Seven LLC acquired a new stake in shares of Black Knight in the fourth quarter worth approximately $52,000. Bremer Trust National Association acquired a new stake in shares of Black Knight in the fourth quarter worth approximately $61,000. Loeb Partners Corp acquired a new stake in shares of Black Knight in the fourth quarter worth approximately $63,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Black Knight by 110.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,592 shares of the company’s stock worth $72,000 after acquiring an additional 836 shares during the last quarter. 89.31% of the stock is currently owned by institutional investors and hedge funds.

Black Knight Company Profile

Black Knight, Inc provides integrated software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals in the United States. Its Software Solutions segment offers software and hosting solutions comprises MSP, a software as a service application platform for mortgage and home equity loans that automates various areas of loan servicing; Bankruptcy / Foreclosure solutions for managing and automating a range of different workflow processes involving distressed and non-performing loans; Invoicing, a Web-based solution that helps servicers to save time and eliminate errors by automating billing and invoice process; and Empower, a loan origination system used by lenders to originate mortgages, home equity loans, and lines of credit.

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Analyst Recommendations for Black Knight (NYSE:BKI)

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