Stock Market Doesn't Comprehend Benchmark Pick, Blucora (BCOR)
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Price: $17.99 -0.39%
Rating Summary:
2 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
2 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade BCOR Now!
Benchmark maintained a Buy rating on Blucora Inc. (NASDAQ: BCOR) and raised their price target to $23.00 (from $20.00).
Blucora operates two distinct businesses: online search and online tax preparation. Analysts said both the Search and TaxACT business remain well-positioned for continued strong growth. However, Blucora remains discounted against Internet peers.
"The stock market does not seem to fully comprehend the Blucora story: both segments possess sustainable and growing cash flow; operating momentum is powerful; and the balance sheet is strong with net cash of $1.68 per share. Our official full year estimates are proforma for TaxACT. Blucora is on pace to generate about $87 million in EBITDA and $1.95 in free cash flow per share, implying an 11% free cash flow yield," said analysts.
For an analyst ratings summary and ratings history on Blucora Inc. click here. For more ratings news on Blucora Inc. click here.
Shares of Blucora Inc. closed at $17.43 yesterday, with a 52 week range of $12.00-$17.85.
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Blucora operates two distinct businesses: online search and online tax preparation. Analysts said both the Search and TaxACT business remain well-positioned for continued strong growth. However, Blucora remains discounted against Internet peers.
"The stock market does not seem to fully comprehend the Blucora story: both segments possess sustainable and growing cash flow; operating momentum is powerful; and the balance sheet is strong with net cash of $1.68 per share. Our official full year estimates are proforma for TaxACT. Blucora is on pace to generate about $87 million in EBITDA and $1.95 in free cash flow per share, implying an 11% free cash flow yield," said analysts.
For an analyst ratings summary and ratings history on Blucora Inc. click here. For more ratings news on Blucora Inc. click here.
Shares of Blucora Inc. closed at $17.43 yesterday, with a 52 week range of $12.00-$17.85.
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