Press coverage about Credit Acceptance Corporation (NASDAQ:CACC) has been trending somewhat positive on Saturday, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news 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. Credit Acceptance Corporation earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave media headlines about the credit services provider an impact score of 46.4746133766741 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Credit Acceptance Corporation from a “hold” rating to a “buy” rating and set a $310.00 price objective on the stock in a report on Thursday, August 3rd. JMP Securities reaffirmed an “underperform” rating and issued a $195.00 price objective (up previously from $180.00) on shares of Credit Acceptance Corporation in a report on Tuesday, August 1st. BMO Capital Markets lifted their price objective on Credit Acceptance Corporation from $226.00 to $238.00 and gave the company a “market perform” rating in a report on Tuesday, August 1st. Credit Suisse Group lifted their price objective on Credit Acceptance Corporation from $200.00 to $225.00 and gave the company an “underperform” rating in a report on Tuesday, October 31st. Finally, Bank of America Corporation boosted their price target on Credit Acceptance Corporation from $195.00 to $230.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 31st. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $229.78.
Shares of Credit Acceptance Corporation (NASDAQ:CACC) traded up $0.20 during trading hours on Friday, hitting $283.35. The stock had a trading volume of 138,600 shares, compared to its average volume of 210,167. The stock has a market cap of $5,467.69, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 1.16 and a beta of 0.51. The company has a debt-to-equity ratio of 2.12, a current ratio of 17.63 and a quick ratio of 17.63. Credit Acceptance Corporation has a fifty-two week low of $182.50 and a fifty-two week high of $299.92.
Credit Acceptance Corporation (NASDAQ:CACC) last announced its quarterly earnings results on Monday, October 30th. The credit services provider reported $5.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.15 by $0.28. Credit Acceptance Corporation had a return on equity of 32.08% and a net margin of 35.29%. The business had revenue of $283.90 million for the quarter, compared to analyst estimates of $281.03 million. During the same quarter in the previous year, the company earned $4.53 EPS. The company’s quarterly revenue was up 15.1% on a year-over-year basis. sell-side analysts expect that Credit Acceptance Corporation will post 20.84 EPS for the current year.
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Credit Acceptance Corporation Company Profile
Credit Acceptance Corporation offers financing programs that enable automobile dealers to sell vehicles to consumers. The Company’s financing programs are offered through a network of automobile dealers. The Company has two Dealers financing programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers (Dealer Loan) in exchange for the right to service the underlying consumer loans.
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