Black Knight (NYSE:BKI) was upgraded by investment analysts at Knight Equity from a “market perform” rating to a “buy” rating in a note issued to investors on Tuesday, January 2nd. The brokerage presently has a $52.00 target price on the stock, up from their previous target price of $42.00. Knight Equity’s price objective suggests a potential upside of 4.42% from the stock’s current price.
A number of other equities analysts also recently issued reports on BKI. Goldman Sachs Group reaffirmed a “neutral” rating and set a $44.00 price target (up from $42.00) on shares of Black Knight in a research report on Wednesday, October 4th. Bank of America assumed coverage on shares of Black Knight in a report on Thursday, October 5th. They set a “buy” rating and a $47.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on shares of Black Knight in a report on Friday, October 6th. They set an “overweight” rating and a $49.00 price objective on the stock. Barclays upped their price target on shares of Black Knight from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research lowered shares of Black Knight from a “buy” rating to a “hold” rating in a report on Monday, November 6th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Black Knight has an average rating of “Buy” and an average price target of $49.00.
Shares of Black Knight (NYSE BKI) traded up $0.20 during mid-day trading on Tuesday, hitting $49.80. The stock had a trading volume of 446,196 shares, compared to its average volume of 723,944. The firm has a market capitalization of $7,612.06, a P/E ratio of 76.62, a PEG ratio of 2.22 and a beta of 0.72. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.88 and a current ratio of 1.88. Black Knight has a 1-year low of $34.00 and a 1-year high of $49.95.
A number of hedge funds have recently added to or reduced their stakes in BKI. Wellington Shields Capital Management LLC acquired a new stake in Black Knight in the 3rd quarter valued at about $202,000. Elk Creek Partners LLC acquired a new stake in shares of Black Knight during the 3rd quarter worth approximately $4,080,000. Venturi Wealth Management LLC acquired a new stake in shares of Black Knight during the 3rd quarter worth approximately $1,572,000. Marshwinds Advisory Co. acquired a new stake in shares of Black Knight during the 4th quarter worth approximately $243,000. Finally, Confluence Investment Management LLC increased its holdings in shares of Black Knight by 142.7% during the 4th quarter. Confluence Investment Management LLC now owns 2,053,282 shares of the company’s stock worth $90,652,000 after buying an additional 1,207,427 shares during the last quarter. Institutional investors own 26.29% of the company’s stock.
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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.
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