Black Knight (NYSE:BKI) Upgraded to “Buy” at Deutsche Bank

Deutsche Bank upgraded shares of Black Knight (NYSE:BKI) from a hold rating to a buy rating in a research report released on Tuesday, January 2nd, Marketbeat reports. They currently have $52.00 target price on the stock, up from their previous target price of $42.00.

BKI has been the topic of a number of other reports. Zacks Investment Research cut Black Knight from a buy rating to a hold rating in a research report on Monday, November 6th. Barclays boosted their price objective on shares of Black Knight from $43.00 to $45.00 and gave the stock an overweight rating in a report on Thursday, November 2nd. Knight Equity upgraded shares of Black Knight from a market perform rating to a buy rating and boosted their target price for the company from $42.00 to $52.00 in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. initiated coverage on shares of Black Knight in a research note on Friday, October 6th. They set an overweight rating and a $49.00 target price for the company. Finally, Bank of America started coverage on shares of Black Knight in a research note on Thursday, October 5th. They set a buy rating and a $47.00 target price for the company. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Black Knight has a consensus rating of Buy and a consensus price target of $49.00.

Shares of Black Knight (NYSE BKI) traded down $0.05 during trading hours on Tuesday, reaching $48.55. The company had a trading volume of 504,300 shares, compared to its average volume of 940,343. Black Knight has a 52 week low of $34.00 and a 52 week high of $49.10. The stock has a market cap of $7,490.00 and a P/E ratio of 50.57. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.88 and a current ratio of 1.88.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Shields Capital Management LLC purchased a new stake in Black Knight in the 3rd quarter worth about $202,000. Marshwinds Advisory Co. purchased a new position in shares of Black Knight during the fourth quarter worth approximately $243,000. Venturi Wealth Management LLC purchased a new position in shares of Black Knight during the third quarter worth approximately $1,572,000. Elk Creek Partners LLC purchased a new position in Black Knight during the third quarter valued at approximately $4,080,000. Finally, Confluence Investment Management LLC increased its holdings in Black Knight by 142.7% during the fourth quarter. Confluence Investment Management LLC now owns 2,053,282 shares of the company’s stock valued at $90,652,000 after buying an additional 1,207,427 shares during the period. 26.29% of the stock is owned by institutional investors and hedge funds.

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Black Knight Company Profile

Black Knight, Inc provides integrated technology, workflow automation, and data and analytics to the mortgage and real estate industries. The Company’s segments include Technology, and Data and Analytics. The Company’s Technology segment offers software and hosting solutions that support loan servicing, loan origination and settlement services.

Analyst Recommendations for Black Knight (NYSE:BKI)

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