Black Knight (BKI) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of Black Knight (NYSE:BKI) from a hold rating to a buy rating in a research report sent to investors on Thursday. Zacks Investment Research currently has $51.00 price target on the stock.

According to Zacks, “Black Knight, Inc. engages in the provision of integrated technology, workflow automation and data and analytics to the mortgage and real estate industries, through its subsidiaries. It operates through the Technology and Data and Analytics business segments. Technology segment offers software and hosting solutions which support loan servicing, loan origination and settlement services. Data and Analytics segment provides property ownership data, lien data, servicing data, automated valuation models, collateral risk scores, prepayment and default models, lead generation and other data solutions. Black Knight Inc., formerly known as Black Knight Financial Services Inc., is headquartered in Jacksonville, FL. “

Several other research analysts have also recently weighed in on the stock. Oppenheimer upgraded shares of Black Knight from a market perform rating to an outperform rating in a research note on Thursday. Compass Point assumed coverage on shares of Black Knight in a research note on Wednesday. They set a buy rating and a $52.00 price target on the stock. Deutsche Bank upgraded shares of Black Knight from a hold rating to a buy rating and lifted their price target for the stock from $42.00 to $52.00 in a research note on Tuesday. Knight Equity upgraded shares of Black Knight from a market perform rating to a buy rating and lifted their price target for the stock from $42.00 to $52.00 in a research note on Tuesday. Finally, Barclays lifted their price target on shares of Black Knight from $43.00 to $45.00 and gave the stock an overweight rating in a research note on Thursday, November 2nd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $49.00.

Shares of Black Knight (BKI) traded up $1.15 during mid-day trading on Thursday, reaching $46.95. 1,095,400 shares of the company traded hands, compared to its average volume of 960,867. Black Knight has a 52 week low of $34.00 and a 52 week high of $47.55. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $7,180.00 and a PE ratio of 48.91.

Several hedge funds have recently made changes to their positions in the company. Wellington Shields Capital Management LLC bought a new stake in shares of Black Knight during the 3rd quarter valued at $202,000. Venturi Wealth Management LLC bought a new stake in Black Knight in the 3rd quarter valued at $1,572,000. Finally, Elk Creek Partners LLC bought a new stake in Black Knight in the 3rd quarter valued at $4,080,000. Hedge funds and other 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.

Analyst Recommendations for Black Knight (NYSE:BKI)

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