Black Knight Inc (BKI) Receives a Buy from Oppenheimer


In a report released today, Glenn Greene from Oppenheimer maintained a Buy rating on Black Knight Inc (NYSE: BKI), with a price target of $55. The company’s shares opened today at $48.39.

Greene observed:

“BKI reported solid 3Q18 results with adjusted revenue growth of 7% to $282M (met our estimate) while adj. EPS of $0.48 beat our/Street’s $0.46/0.45 estimates with benefit from strong margin expansion and non-operating items. BKI completed certain servicing implementations during the quarter, but we suspect its robust signed backlog (prior communication was $160B) remains directionally stable. The backlog will largely be recognized over the next three years. BKI raised its CY18 outlook, which anticipates ~5.6% revenue growth at the midpoint and EPS of $1.82-$1.85 (was $1.73-1.81). We remain attracted to BKI’s strong market position and its large signed backlog. At 24x our FY19E EPS, the shares appear attractive considering long-term growth prospects/visibility. Maintain Outperform rating and $55 PT.”

According to TipRanks.com, Greene is a top 25 analyst with an average return of 18.7% and a 76.1% success rate. Greene covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Total System Services, and Global Payments Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Black Knight Inc with a $56 average price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $56.45 and a one-year low of $43.09. Currently, Black Knight Inc has an average volume of 633.4K.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Black Knight, Inc. engages in the provision of software, data and analytics solutions. It operates through the Software Solutions, and Data and Analytics. The Software Solutions segment offers software and hosting solutions that support loan servicing, loan origination and settlement services.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts