Shares of Liberty Tax Inc (NASDAQ:TAX) have been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Zacks has also assigned Liberty Tax an industry rank of 156 out of 255 based on the ratings given to related companies.
Several analysts have recently issued reports on TAX shares. Zacks Investment Research upgraded Liberty Tax from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. ValuEngine downgraded Liberty Tax from a “hold” rating to a “sell” rating in a research report on Tuesday, May 22nd. Finally, Barrington Research downgraded Liberty Tax from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 20th.
Several large investors have recently modified their holdings of the company. Two Sigma Advisers LP lifted its position in shares of Liberty Tax by 22.4% in the fourth quarter. Two Sigma Advisers LP now owns 33,300 shares of the business services provider’s stock valued at $366,000 after acquiring an additional 6,100 shares in the last quarter. Spark Investment Management LLC lifted its position in shares of Liberty Tax by 19.5% in the fourth quarter. Spark Investment Management LLC now owns 55,200 shares of the business services provider’s stock valued at $607,000 after acquiring an additional 9,000 shares in the last quarter. Aviance Capital Partners LLC purchased a new stake in shares of Liberty Tax in the first quarter valued at $116,000. Bessemer Group Inc. purchased a new stake in shares of Liberty Tax in the fourth quarter valued at $132,000. Finally, Macquarie Group Ltd. lifted its position in shares of Liberty Tax by 40.5% in the fourth quarter. Macquarie Group Ltd. now owns 47,510 shares of the business services provider’s stock valued at $523,000 after acquiring an additional 13,684 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.
Liberty Tax opened at $9.30 on Monday, MarketBeat.com reports. The firm has a market capitalization of $119.25 million, a price-to-earnings ratio of 8.09, a PEG ratio of 0.66 and a beta of 0.72. Liberty Tax has a fifty-two week low of $7.75 and a fifty-two week high of $14.70.
About Liberty Tax
Liberty Tax, Inc, together with its subsidiaries, provides tax preparation services and solutions in the United States and Canada. The company also facilitates refund-based tax settlement financial products, such as refund transfer products, refund-based loans, and personal income tax refund discounting, as well as provides an online digital Do-It-Yourself tax program in the United States.
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