PRA Group Inc. (PRAA) Given Consensus Recommendation of “Hold” by Analysts
Shares of PRA Group Inc. (NASDAQ:PRAA) have earned an average rating of “Hold” from the nine ratings firms that are currently covering the stock. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $33.75.
A number of brokerages have recently commented on PRAA. SunTrust Banks Inc. set a $42.00 price target on PRA Group and gave the company a “buy” rating in a research note on Tuesday. Zacks Investment Research raised PRA Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th. Finally, William Blair reaffirmed an “outperform” rating on shares of PRA Group in a research note on Tuesday, September 20th.
PRA Group (NASDAQ:PRAA) traded down 2.22% during trading on Wednesday, reaching $33.05. The company’s stock had a trading volume of 105,948 shares. The company’s 50-day moving average is $32.79 and its 200-day moving average is $29.01. The stock has a market cap of $1.53 billion, a PE ratio of 12.30 and a beta of 1.33. PRA Group has a 12 month low of $20.00 and a 12 month high of $56.00.
PRA Group (NASDAQ:PRAA) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.83 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.83. PRA Group had a return on equity of 19.50% and a net margin of 13.89%. The firm had revenue of $228.50 million for the quarter, compared to analyst estimates of $227.92 million. During the same period last year, the firm posted $1.06 earnings per share. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. Equities analysts expect that PRA Group will post $2.95 EPS for the current fiscal year.
In other PRA Group news, insider Michael J. Petit sold 15,000 shares of PRA Group stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $34.21, for a total value of $513,150.00. Following the completion of the sale, the insider now directly owns 106,857 shares in the company, valued at $3,655,577.97. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael J. Petit sold 3,000 shares of PRA Group stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $28.11, for a total value of $84,330.00. Following the completion of the sale, the insider now owns 125,157 shares of the company’s stock, valued at $3,518,163.27. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. Mason Street Advisors LLC acquired a new stake in shares of PRA Group during the second quarter worth $219,000. Royal Bank of Canada increased its stake in shares of PRA Group by 21.8% in the second quarter. Royal Bank of Canada now owns 901,080 shares of the company’s stock worth $21,752,000 after buying an additional 161,570 shares during the last quarter. Lebenthal Holdings LLC increased its stake in shares of PRA Group by 2.5% in the second quarter. Lebenthal Holdings LLC now owns 60,723 shares of the company’s stock worth $1,466,000 after buying an additional 1,476 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of PRA Group during the second quarter worth $809,000. Finally, Fiera Capital Corp acquired a new stake in shares of PRA Group during the second quarter worth $7,212,000.
PRA Group Company Profile
PRA Group, Inc (PRA Group), formerly Portfolio Recovery Associates, Inc, is a financial and business services company with operations in the Americas and Europe. The Company is engaged in the acquisition and collection of nonperforming loans in the Americas and Europe. Its business focuses upon the acquisition, collection, and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, government entities and others.
Receive News & Stock 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 stocks with our FREE daily email newsletter.