Shares of PRA Group, Inc. (NASDAQ:PRAA) have received a consensus recommendation of “Sell” from the seven analysts that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $40.00.
Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods lowered shares of PRA Group from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $36.00 to $40.00 in a research note on Tuesday, October 10th. Zacks Investment Research lowered shares of PRA Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. BidaskClub raised shares of PRA Group from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Citigroup Inc. lowered shares of PRA Group to an “underperform” rating in a research note on Thursday, September 21st. Finally, Janney Montgomery Scott lowered shares of PRA Group from a “neutral” rating to a “sell” rating in a research note on Wednesday, October 4th.
Shares of PRA Group (PRAA) traded up 0.90% during midday trading on Friday, hitting $27.90. 300,525 shares of the company were exchanged. The firm’s 50 day moving average price is $28.66 and its 200 day moving average price is $33.51. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 17.01 and a beta of 1.49. PRA Group has a one year low of $23.15 and a one year high of $42.70.
PRA Group (NASDAQ:PRAA) last issued its earnings results on Tuesday, August 8th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.23). The company had revenue of $200.30 million for the quarter, compared to the consensus estimate of $208.97 million. PRA Group had a return on equity of 4.69% and a net margin of 9.76%. The firm’s revenue was down 12.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 earnings per share. Analysts forecast that PRA Group will post $1.86 EPS for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its stake in shares of PRA Group by 145.3% in the second quarter. Goldman Sachs Group Inc. now owns 142,001 shares of the business services provider’s stock valued at $5,382,000 after buying an additional 84,112 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of PRA Group by 6.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 264,171 shares of the business services provider’s stock valued at $8,758,000 after buying an additional 17,070 shares in the last quarter. Oak Ridge Investments LLC lifted its stake in shares of PRA Group by 0.9% in the second quarter. Oak Ridge Investments LLC now owns 1,077,845 shares of the business services provider’s stock valued at $40,850,000 after buying an additional 9,745 shares in the last quarter. Boston Partners lifted its stake in shares of PRA Group by 2.0% in the second quarter. Boston Partners now owns 414,651 shares of the business services provider’s stock valued at $15,715,000 after buying an additional 8,027 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of 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 valued at $592,000 after buying an additional 6,596 shares in the last quarter.
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.
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