Shares of Liberty Tax, Inc. (NASDAQ:TAX) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a twelve-month consensus target price of $18.00 for the company and are forecasting that the company will post ($0.75) earnings per share for the current quarter, according to Zacks. Zacks has also given Liberty Tax an industry rank of 172 out of 265 based on the ratings given to related companies.
A number of equities analysts have recently commented on TAX shares. Zacks Investment Research raised Liberty Tax from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 16th. ValuEngine downgraded Liberty Tax from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.
A number of hedge funds and other institutional investors have recently modified their holdings of TAX. Citigroup Inc. raised its stake in shares of Liberty Tax by 6.6% during the second quarter. Citigroup Inc. now owns 8,654 shares of the business services provider’s stock worth $112,000 after purchasing an additional 535 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Liberty Tax during the third quarter worth approximately $160,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Liberty Tax during the second quarter worth approximately $171,000. OxFORD Asset Management LLP purchased a new stake in shares of Liberty Tax during the third quarter worth approximately $184,000. Finally, Creative Planning raised its stake in shares of Liberty Tax by 14,900.0% during the second quarter. Creative Planning now owns 15,000 shares of the business services provider’s stock worth $194,000 after purchasing an additional 14,900 shares during the last quarter. Institutional investors own 47.79% of the company’s stock.
Liberty Tax (TAX) opened at $11.90 on Thursday. The firm has a market capitalization of $147.76, a PE ratio of 12.01, a price-to-earnings-growth ratio of 0.97 and a beta of 0.96. 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 52-week low of $10.80 and a 52-week high of $16.19.
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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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