PRA Group (PRAA) Upgraded to Buy at ValuEngine

PRA Group (NASDAQ:PRAA) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

PRAA has been the subject of several other reports. William Blair reiterated an “outperform” rating on shares of PRA Group in a research note on Tuesday, February 20th. BidaskClub upgraded shares of PRA Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Oppenheimer reiterated a “hold” rating on shares of PRA Group in a research note on Thursday, March 1st. Raymond James upgraded shares of PRA Group from an “underperform” rating to a “market perform” rating in a research report on Wednesday, February 28th. Finally, Zacks Investment Research downgraded shares of PRA Group from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $40.00.

Shares of NASDAQ:PRAA opened at $39.80 on Tuesday. PRA Group has a 52-week low of $25.72 and a 52-week high of $40.55. The stock has a market capitalization of $1.82 billion, a P/E ratio of 29.92 and a beta of 1.46.

PRA Group (NASDAQ:PRAA) last issued its earnings results on Tuesday, February 27th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). PRA Group had a net margin of 16.29% and a return on equity of 5.88%. The firm had revenue of $205.67 million during the quarter, compared to analyst estimates of $195.56 million. equities analysts predict that PRA Group will post 1.94 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. lifted its position in PRA Group by 2.4% during the first quarter. Principal Financial Group Inc. now owns 346,196 shares of the business services provider’s stock worth $13,155,000 after acquiring an additional 8,211 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in PRA Group during the first quarter worth approximately $6,212,000. Xact Kapitalforvaltning AB acquired a new stake in PRA Group during the first quarter worth approximately $262,000. Barrow Hanley Mewhinney & Strauss LLC lifted its position in PRA Group by 166.0% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,621,684 shares of the business services provider’s stock worth $61,624,000 after acquiring an additional 1,012,000 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in PRA Group by 7.1% during the first quarter. Legal & General Group Plc now owns 96,201 shares of the business services provider’s stock worth $3,631,000 after acquiring an additional 6,392 shares during the last quarter.

About PRA Group

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for PRA Group (NASDAQ:PRAA)

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