Favorable News Coverage Somewhat Unlikely to Affect PRA Group (NASDAQ:PRAA) Stock Price

Media stories about PRA Group (NASDAQ:PRAA) have trended positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. PRA Group earned a news sentiment score of 0.47 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 47.8239179004451 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

A number of equities research analysts have recently issued reports on PRAA shares. BidaskClub lowered PRA Group from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Raymond James Financial reiterated an “underperform” rating on shares of PRA Group in a report on Thursday, September 21st. Janney Montgomery Scott cut PRA Group from a “neutral” rating to a “sell” rating in a report on Wednesday, October 4th. Zacks Investment Research upgraded PRA Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 21st. Finally, Citigroup cut PRA Group to an “underperform” rating in a research note on Thursday, September 21st. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. PRA Group currently has an average rating of “Hold” and a consensus price target of $40.00.

PRA Group (NASDAQ PRAA) opened at $35.35 on Wednesday. The company has a market capitalization of $1,594.47, a price-to-earnings ratio of 55.16 and a beta of 1.59. PRA Group has a twelve month low of $25.72 and a twelve month high of $42.70.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.04). The firm had revenue of $201.00 million for the quarter, compared to analysts’ expectations of $196.96 million. PRA Group had a return on equity of 2.98% and a net margin of 7.57%. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 EPS. analysts anticipate that PRA Group will post 1.38 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://stocknewstimes.com/2017/12/06/pra-group-praa-getting-positive-news-coverage-analysis-finds.html.

About PRA Group

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.

Insider Buying and Selling by Quarter for PRA Group (NASDAQ:PRAA)

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.

Latest News

Leave a Reply