World Acceptance (NASDAQ:WRLD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday, February 3rd. The firm currently has a $126.00 price objective on the credit services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 19.05% from the company’s previous close.
According to Zacks, “World Acceptance Corporation is engaged in the small-loan consumer finance business, offering short-term small loans, medium-term larger loans, related credit insurance and ancillary products and services to individuals. “
A number of other equities research analysts have also weighed in on WRLD. Jefferies Group restated a “sell” rating and set a $60.00 price target on shares of World Acceptance in a research note on Thursday, October 12th. BidaskClub lowered World Acceptance from a “hold” rating to a “sell” rating in a research report on Saturday, December 9th. Stephens reiterated a “sell” rating and issued a $65.00 target price on shares of World Acceptance in a research report on Thursday, January 4th. BMO Capital Markets reiterated a “sell” rating and issued a $80.00 target price on shares of World Acceptance in a research report on Monday, January 29th. They noted that the move was a valuation call. Finally, ValuEngine upgraded World Acceptance from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $82.75.
Shares of World Acceptance (NASDAQ WRLD) opened at $105.84 on Friday. World Acceptance has a 52 week low of $47.45 and a 52 week high of $121.17. The firm has a market capitalization of $950.17, a PE ratio of 13.78 and a beta of 2.80. The company has a current ratio of 20.25, a quick ratio of 20.24 and a debt-to-equity ratio of 0.77.
World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings results on Friday, January 26th. The credit services provider reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.42. World Acceptance had a return on equity of 13.95% and a net margin of 10.42%. The business had revenue of $136.90 million for the quarter, compared to analyst estimates of $137.99 million. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. research analysts forecast that World Acceptance will post 7.61 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in World Acceptance by 2.8% in the fourth quarter. BlackRock Inc. now owns 791,193 shares of the credit services provider’s stock valued at $63,864,000 after buying an additional 21,186 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in World Acceptance by 4.8% in the third quarter. Dimensional Fund Advisors LP now owns 546,691 shares of the credit services provider’s stock valued at $45,315,000 after buying an additional 25,060 shares during the last quarter. Koch Industries Inc. purchased a new stake in World Acceptance in the second quarter valued at approximately $265,000. State Street Corp boosted its position in World Acceptance by 1.9% in the 2nd quarter. State Street Corp now owns 159,875 shares of the credit services provider’s stock worth $11,968,000 after purchasing an additional 2,979 shares in the last quarter. Finally, Northern Trust Corp boosted its position in World Acceptance by 0.3% in the 2nd quarter. Northern Trust Corp now owns 146,413 shares of the credit services provider’s stock worth $10,968,000 after purchasing an additional 498 shares in the last quarter. Hedge funds and other institutional investors own 88.87% of the company’s stock.
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World Acceptance Company Profile
World Acceptance Corporation operates a small-loan consumer finance business in 15 states and Mexico as of March 31, 2016. The Company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. The Company offers standardized installment loans generally between $300 and $4,000 through 1,339 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Wisconsin and Mexico as of March 31, 2016.
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