PRA Group, Inc. (NASDAQ:PRAA) has been given an average rating of “Hold” by the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $41.00.
Several equities analysts recently weighed in on the company. BidaskClub upgraded PRA Group from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Keefe, Bruyette & Woods assumed coverage on PRA Group in a research report on Wednesday, May 24th. They set an “outperform” rating and a $40.00 target price on the stock. Finally, Zacks Investment Research downgraded PRA Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th.
In other news, Director Geir Olsen acquired 142,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were bought at an average cost of $34.55 per share, for a total transaction of $4,906,100.00. Following the acquisition, the director now directly owns 27,162 shares in the company, valued at approximately $938,447.10. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.10% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in PRAA. Cooke & Bieler LP raised its stake in PRA Group by 0.8% in the second quarter. Cooke & Bieler LP now owns 1,136,490 shares of the business services provider’s stock worth $43,073,000 after buying an additional 9,400 shares during the period. BB&T Securities LLC bought a new stake in PRA Group during the second quarter worth about $1,296,000. Chartwell Investment Partners LLC raised its stake in PRA Group by 15.1% in the second quarter. Chartwell Investment Partners LLC now owns 580,319 shares of the business services provider’s stock worth $21,994,000 after buying an additional 76,165 shares during the period. BNP Paribas Arbitrage SA raised its stake in PRA Group by 73.2% in the second quarter. BNP Paribas Arbitrage SA now owns 15,612 shares of the business services provider’s stock worth $592,000 after buying an additional 6,596 shares during the period. Finally, Legal & General Group Plc raised its stake in PRA Group by 11.9% in the second quarter. Legal & General Group Plc now owns 91,540 shares of the business services provider’s stock worth $3,470,000 after buying an additional 9,735 shares during the period.
PRA Group (PRAA) traded up 1.18% during trading on Friday, hitting $38.70. 520,119 shares of the stock traded hands. The stock has a market cap of $1.80 billion, a P/E ratio of 17.81 and a beta of 1.49. The stock has a 50 day moving average price of $38.01 and a 200-day moving average price of $36.35. PRA Group has a 52-week low of $23.15 and a 52-week high of $42.70.
PRA Group (NASDAQ:PRAA) last released its earnings results on Tuesday, May 9th. The business services provider reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.06. PRA Group had a return on equity of 7.57% and a net margin of 12.47%. The business had revenue of $206.56 million for the quarter, compared to analysts’ expectations of $198.48 million. During the same quarter last year, the company posted $0.85 earnings per share. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, analysts anticipate that PRA Group will post $2.05 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This news story was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://stocknewstimes.com/2017/08/06/pra-group-inc-praa-receives-41-00-average-pt-from-brokerages-updated-updated.html.
PRA Group Company Profile
PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.
Receive News & Ratings for PRA Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PRA Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
