Black Knight (BKI) Coverage Initiated by Analysts at Compass Point

Equities researchers at Compass Point initiated coverage on shares of Black Knight (NYSE:BKI) in a report released on Wednesday, January 3rd, MarketBeat reports. The firm set a “buy” rating and a $52.00 price target on the stock. Compass Point’s price objective would indicate a potential upside of 1.46% from the company’s previous close.

A number of other brokerages also recently issued reports on BKI. Knight Equity upgraded Black Knight from a “market perform” rating to a “buy” rating and lifted their price target for the company from $42.00 to $52.00 in a report on Tuesday, January 2nd. Deutsche Bank upgraded Black Knight from a “hold” rating to a “buy” rating and lifted their price target for the company from $42.00 to $52.00 in a report on Tuesday, January 2nd. Goldman Sachs Group restated a “neutral” rating and set a $44.00 target price (up from $42.00) on shares of Black Knight in a research note on Wednesday, October 4th. JPMorgan Chase & Co. initiated coverage on Black Knight in a research note on Friday, October 6th. They set an “overweight” rating and a $49.00 target price on the stock. Finally, Barclays boosted their target price on Black Knight from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $49.00.

Black Knight (NYSE BKI) traded up $0.35 during trading hours on Wednesday, hitting $51.25. The stock had a trading volume of 649,400 shares, compared to its average volume of 809,750. Black Knight has a 1-year low of $34.00 and a 1-year high of $51.55. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market cap of $7,811.57, a price-to-earnings ratio of 78.85, a price-to-earnings-growth ratio of 2.24 and a beta of 0.72.

Black Knight (NYSE:BKI) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. Black Knight had a return on equity of 9.10% and a net margin of 4.31%. analysts expect that Black Knight will post 1.3 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Confluence Investment Management LLC increased its stake in shares of Black Knight by 142.7% in the 4th quarter. Confluence Investment Management LLC now owns 2,053,282 shares of the company’s stock valued at $90,652,000 after purchasing an additional 1,207,427 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new position in shares of Black Knight in the 4th quarter valued at about $21,459,000. Hollencrest Capital Management purchased a new position in shares of Black Knight in the 4th quarter valued at about $5,335,000. Elk Creek Partners LLC purchased a new position in shares of Black Knight in the 3rd quarter valued at about $4,080,000. Finally, USS Investment Management Ltd purchased a new position in shares of Black Knight in the 4th quarter valued at about $2,201,000. 27.08% 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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