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.

Institutional investors have recently bought and sold shares of the business. Citigroup Inc. raised its holdings in shares of Liberty Tax by 6.6% in the 2nd quarter. Citigroup Inc. now owns 8,654 shares of the business services provider’s stock worth $112,000 after buying an additional 535 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Liberty Tax in the 3rd quarter worth approximately $160,000. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Liberty Tax in the 2nd quarter worth approximately $171,000. OxFORD Asset Management LLP acquired a new position in shares of Liberty Tax in the 3rd quarter worth approximately $184,000. Finally, Nationwide Fund Advisors raised its holdings in shares of Liberty Tax by 259.4% in the 3rd quarter. Nationwide Fund Advisors now owns 18,704 shares of the business services provider’s stock worth $269,000 after buying an additional 13,500 shares in the last quarter. 47.79% of the stock is owned by hedge funds and other institutional investors.

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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