Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Black Knight Financial Services (BKFS) Stock Price
News coverage about Black Knight Financial Services (NYSE:BKFS) has been trending somewhat positive on Monday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Black Knight Financial Services earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.093886580438 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Head to Head Survey: Black Knight Financial Services (BKFS) vs. its Rivals (americanbankingnews.com)
- Black Knight Financial Services, Inc. (BKFS) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Black Knight: Hurricane Harvey Could Result in 300,000 New Mortgage Delinquencies (calculatedriskblog.com)
- Black Knight: Hurricane Harvey Could Result in 300,000 New Mortgage Delinquencies, with 160,000 Borrowers Becoming Seriously Past Due (finance.yahoo.com)
- Premier Provider of Software and Data and Analytics Solutions Rebrands as Black Knight (finance.yahoo.com)
Several research analysts have issued reports on the stock. BidaskClub upgraded shares of Black Knight Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Zacks Investment Research upgraded shares of Black Knight Financial Services from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Thursday, May 18th. Wells Fargo & Company restated an “outperform” rating and issued a $47.00 price target (up previously from $43.50) on shares of Black Knight Financial Services in a research report on Friday, July 21st. Sidoti restated an “overweight” rating and issued a $48.00 price target (up previously from $45.00) on shares of Black Knight Financial Services in a research report on Friday, July 21st. Finally, Knight Equity restated a “hold” rating on shares of Black Knight Financial Services in a research report on Wednesday, July 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $46.00.
Black Knight Financial Services (NYSE:BKFS) opened at 42.35 on Monday. The stock has a market capitalization of $2.83 billion, a PE ratio of 74.69 and a beta of 0.75. The firm’s 50-day moving average is $42.18 and its 200 day moving average is $40.13. Black Knight Financial Services has a 52-week low of $34.00 and a 52-week high of $43.70.
Black Knight Financial Services (NYSE:BKFS) last announced its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.33 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. Black Knight Financial Services had a net margin of 3.96% and a return on equity of 8.29%. The business had revenue of $263.40 million for the quarter, compared to analyst estimates of $265.24 million. During the same period in the prior year, the business posted $0.29 earnings per share. Black Knight Financial Services’s revenue was up 2.3% compared to the same quarter last year. On average, equities analysts forecast that Black Knight Financial Services will post $1.37 earnings per share for the current year.
In other Black Knight Financial Services news, CEO Thomas J. Sanzone sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $38.67, for a total value of $1,160,100.00. Following the completion of the sale, the chief executive officer now owns 871,990 shares of the company’s stock, valued at $33,719,853.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 30.91% of the stock is currently owned by corporate insiders.
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About Black Knight Financial Services
Black Knight Financial Services, Inc is a holding company. The Company, through its subsidiaries, 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.
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