Black Knight (BKI) Raised to Outperform at Oppenheimer

Black Knight (NYSE:BKI) was upgraded by analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a research note issued to investors on Thursday.

BKI has been the topic of several other reports. Zacks Investment Research downgraded Black Knight from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Knight Equity upgraded Black Knight from a “market perform” rating to a “buy” rating and lifted their target price for the company from $42.00 to $52.00 in a research report on Tuesday, January 2nd. Bank of America began coverage on Black Knight in a research report on Thursday, October 5th. They issued a “buy” rating and a $47.00 price objective on the stock. Deutsche Bank upgraded Black Knight from a “hold” rating to a “buy” rating and boosted their price objective for the company from $42.00 to $52.00 in a research report on Tuesday, January 2nd. Finally, Barclays boosted their price objective on Black Knight from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $49.00.

Black Knight (BKI) traded down $0.15 during midday trading on Thursday, reaching $46.80. The company had a trading volume of 489,975 shares, compared to its average volume of 654,157. The stock has a market capitalization of $7,182.35, a P/E ratio of 72.00, a PEG ratio of 2.09 and a beta of 0.72. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.90. Black Knight has a 12 month low of $34.00 and a 12 month high of $47.55.

Several institutional investors have recently made changes to their positions in BKI. Wellington Shields Capital Management LLC purchased a new position in shares of Black Knight in the third quarter valued at about $202,000. Elk Creek Partners LLC purchased a new position in shares of Black Knight in the third quarter valued at about $4,080,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of Black Knight in the third quarter valued at about $1,572,000. Institutional investors and hedge funds 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.