Black Knight Inc (NYSE:BKI) Receives $63.58 Average Price Target from Brokerages

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Shares of Black Knight Inc (NYSE:BKI) have earned a consensus rating of “Buy” from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $63.58.

Several analysts recently weighed in on BKI shares. Piper Jaffray Companies set a $69.00 price objective on Black Knight and gave the company a “buy” rating in a report on Wednesday, August 7th. ValuEngine downgraded Black Knight from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods set a $67.00 price objective on Black Knight and gave the company a “buy” rating in a report on Wednesday, August 7th. Deutsche Bank set a $64.00 price objective on Black Knight and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, Compass Point set a $63.00 price objective on Black Knight and gave the company a “buy” rating in a report on Wednesday, August 7th.

Shares of BKI stock traded up $0.54 on Monday, hitting $62.51. The stock had a trading volume of 509,400 shares, compared to its average volume of 716,163. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average price of $61.76 and a 200 day moving average price of $59.73. The company has a market cap of $9.24 billion, a PE ratio of 38.35, a P/E/G ratio of 2.50 and a beta of 0.69. Black Knight has a one year low of $42.30 and a one year high of $64.48.

Black Knight (NYSE:BKI) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.05. The firm had revenue of $294.90 million during the quarter, compared to the consensus estimate of $296.52 million. Black Knight had a return on equity of 13.51% and a net margin of 13.71%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. Equities research analysts expect that Black Knight will post 1.66 EPS for the current year.

A number of institutional investors have recently made changes to their positions in BKI. First Trust Advisors LP raised its holdings in Black Knight by 120.8% in the first quarter. First Trust Advisors LP now owns 297,616 shares of the company’s stock worth $16,220,000 after purchasing an additional 162,837 shares in the last quarter. Trexquant Investment LP bought a new position in Black Knight in the first quarter worth about $1,127,000. Marshall Wace LLP bought a new position in Black Knight in the first quarter worth about $200,000. Marshall Wace North America L.P. bought a new position in Black Knight in the first quarter worth about $191,000. Finally, Cerebellum GP LLC raised its holdings in Black Knight by 58.6% in the first quarter. Cerebellum GP LLC now owns 6,286 shares of the company’s stock worth $343,000 after purchasing an additional 2,323 shares in the last quarter. Institutional investors and hedge funds own 87.98% of the company’s stock.

About Black Knight

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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