PRA Group (NASDAQ:PRAA) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Tuesday.
Several other research analysts also recently issued reports on PRAA. Zacks Investment Research raised PRA Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. BidaskClub raised PRA Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. William Blair reaffirmed an “outperform” rating on shares of PRA Group in a report on Tuesday, February 20th. Raymond James raised PRA Group from an “underperform” rating to a “market perform” rating in a report on Wednesday, February 28th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of PRA Group in a report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $40.00.
PRA Group opened at $40.15 on Tuesday, Marketbeat.com reports. PRA Group has a 52-week low of $25.72 and a 52-week high of $40.55. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 30.19 and a beta of 1.46.
PRA Group (NASDAQ:PRAA) last posted its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). PRA Group had a return on equity of 5.88% and a net margin of 16.29%. The firm had revenue of $205.67 million for the quarter, compared to analyst estimates of $195.56 million. equities analysts expect that PRA Group will post 1.94 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of PRA Group by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 346,196 shares of the business services provider’s stock valued at $13,155,000 after purchasing an additional 8,211 shares during the period. WINTON GROUP Ltd acquired a new position in shares of PRA Group in the 1st quarter valued at $6,212,000. Xact Kapitalforvaltning AB acquired a new position in shares of PRA Group in the 1st quarter valued at $262,000. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of PRA Group by 166.0% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,621,684 shares of the business services provider’s stock valued at $61,624,000 after purchasing an additional 1,012,000 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of PRA Group by 7.1% in the 1st quarter. Legal & General Group Plc now owns 96,201 shares of the business services provider’s stock valued at $3,631,000 after purchasing an additional 6,392 shares during the period.
PRA Group Company Profile
PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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