Curo Group Holdings Corp (CURO) Receives $22.60 Average Price Target from Brokerages

Shares of Curo Group Holdings Corp (NYSE:CURO) have earned a consensus recommendation of “Buy” from the seven research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $22.60.

A number of research firms have issued reports on CURO. ValuEngine downgraded Curo Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Credit Suisse Group boosted their price target on Curo Group from $21.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, April 30th. Finally, Zacks Investment Research raised Curo Group from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Tuesday, June 12th.

In other news, EVP Terry Gene Pittman sold 100,000 shares of the company’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $23.00, for a total value of $2,300,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Fleischer & Lowe Gp I. Friedman sold 552,197 shares of the company’s stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $23.00, for a total value of $12,700,531.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,149,608 shares of company stock valued at $95,440,984. 48.35% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN purchased a new stake in shares of Curo Group in the first quarter worth about $167,000. California State Teachers Retirement System purchased a new stake in shares of Curo Group in the first quarter worth about $203,000. Prudential Financial Inc. purchased a new stake in shares of Curo Group in the first quarter worth about $349,000. Goldman Sachs Group Inc. purchased a new stake in shares of Curo Group in the fourth quarter worth about $427,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in shares of Curo Group in the first quarter worth about $538,000. 44.84% of the stock is owned by institutional investors.

Curo Group stock opened at $24.84 on Wednesday. Curo Group has a 52 week low of $13.50 and a 52 week high of $24.87. The company has a current ratio of 5.78, a quick ratio of 5.78 and a debt-to-equity ratio of 14.69.

Curo Group (NYSE:CURO) last posted its quarterly earnings results on Thursday, April 26th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.07. The firm had revenue of $261.76 million for the quarter, compared to analysts’ expectations of $246.93 million. sell-side analysts anticipate that Curo Group will post 2.26 EPS for the current year.

About Curo Group

CURO Group Holdings Corp., a diversified consumer finance company, provides consumer finance to a range of underbanked consumers in the United States, Canada, and the United Kingdom. It offers unsecured installment loans, secured installment loans, open-end loans, and single-pay loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, credit protection insurance, gold buying, retail installment sales, and money transfer services.

Analyst Recommendations for Curo Group (NYSE:CURO)

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