Zacks: Brokerages Set $18.00 Target Price for Liberty Tax Inc (TAX)
Liberty Tax Inc (NASDAQ:TAX) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus price objective of $18.00 for the company, according to Zacks. Zacks has also assigned Liberty Tax an industry rank of 206 out of 265 based on the ratings given to related companies.
Several research firms have recently issued reports on TAX. ValuEngine downgraded Liberty Tax from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded Liberty Tax from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 8th.
Shares of Liberty Tax (NASDAQ TAX) remained flat at $$11.70 during midday trading on Wednesday. 109,700 shares of the stock were exchanged, compared to its average volume of 77,590. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.07 and a quick ratio of 3.07. Liberty Tax has a 1 year low of $9.90 and a 1 year high of $16.19. The stock has a market cap of $148.39, a PE ratio of 30.79, a P/E/G ratio of 0.98 and a beta of 0.96.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Friday, January 12th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.64 annualized dividend and a yield of 5.47%. Liberty Tax’s dividend payout ratio (DPR) is 168.42%.
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Liberty Tax Company Profile
Liberty Tax, Inc is the holding company for JTH Tax, Inc The Company is a provider of tax preparation services. The Company provides retail federal and state income tax preparation services and related tax settlement products in the United States and Canada. The Company’s tax preparation services and related tax settlement products are offered primarily through franchised locations.
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