Can Black Knight Financial Services Inc (BKFS)’s Tomorrow be Different? The Stock Formed a Bullish Wedge Up

September 19, 2017 - By Adrian Erickson

The stock of Black Knight Financial Services Inc (BKFS) formed an up wedge with $46.67 target or 5.00 % above today’s $44.45 share price. The 5 months wedge indicates low risk for the $6.82 billion company. If the $46.67 price target is reached, the company will be worth $341.00M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.68% or $0.3 during the last trading session, reaching $44.45. About shares traded. Black Knight Financial Services Inc (NYSE:BKFS) has risen 17.72% since September 19, 2016 and is uptrending. It has outperformed by 1.02% the S&P500.

Analysts expect Black Knight Financial Services Inc (NYSE:BKFS) to report $0.33 EPS on November, 1.They anticipate $0.05 EPS change or 17.86 % from last quarter’s $0.28 EPS. BKFS’s profit would be $50.63M giving it 33.67 P/E if the $0.33 EPS is correct. After having $0.33 EPS previously, Black Knight Financial Services Inc’s analysts see 0.00 % EPS growth.

Black Knight Financial Services Inc (NYSE:BKFS) Ratings Coverage

Among 9 analysts covering Black Knight Financial Services (NYSE:BKFS), 4 have Buy rating, 1 Sell and 4 Hold. Therefore 44% are positive. Black Knight Financial Services had 19 analyst reports since August 3, 2015 according to SRatingsIntel. Keefe Bruyette & Woods upgraded it to “Outperform” rating and $46 target in Monday, September 19 report. The firm earned “Buy” rating on Sunday, September 10 by Keefe Bruyette & Woods. The firm earned “Neutral” rating on Thursday, July 21 by Mizuho. William Blair initiated the shares of BKFS in report on Wednesday, September 13 with “Outperform” rating. The stock of Black Knight Financial Services Inc (NYSE:BKFS) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, August 2. On Tuesday, November 10 the stock rating was downgraded by Monness Crespi & Hardt to “Neutral”. Mizuho maintained Black Knight Financial Services Inc (NYSE:BKFS) rating on Wednesday, October 28. Mizuho has “Neutral” rating and $34 target. The firm has “Perform” rating by Oppenheimer given on Thursday, September 17. The firm has “Sell” rating by Monness Crespi given on Thursday, July 21. The rating was maintained by Barclays Capital with “Overweight” on Friday, February 12.

More notable recent Black Knight Financial Services Inc (NYSE:BKFS) news were published by: Globenewswire.com which released: “Black Knight Financial Services to Participate in the Wells Fargo Technology …” on August 01, 2017, also Seekingalpha.com with their article: “Black Knight Financial Services’ (BKFS) CEO Tom Sanzone on Q1 2017 Results …” published on May 04, 2017, Seekingalpha.com published: “Black Knight Financial (BKFS) Presents at Goldman Sachs Financial Technology …” on September 13, 2017. More interesting news about Black Knight Financial Services Inc (NYSE:BKFS) were released by: Nasdaq.com and their article: “Black Knight Financial Services, Inc. Announces Date of Meeting of …” published on August 28, 2017 as well as Globenewswire.com‘s news article titled: “Black Knight Financial Services Presented an Above and Beyond Award by US …” with publication date: July 13, 2017.

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