Burford Capital (NYSE:BUR – Get Free Report) had its target price dropped by equities researchers at Wedbush from $13.00 to $6.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Wedbush’s target price would indicate a potential upside of 40.06% from the company’s previous close.
Other equities research analysts have also issued reports about the company. Zacks Research lowered Burford Capital from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Bank of America initiated coverage on Burford Capital in a research note on Wednesday, February 18th. They set a “buy” rating for the company. Wall Street Zen lowered Burford Capital from a “hold” rating to a “sell” rating in a report on Sunday, December 21st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Burford Capital in a report on Friday. Three research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.00.
Check Out Our Latest Report on Burford Capital
Burford Capital Stock Performance
Burford Capital (NYSE:BUR – Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.54). The firm had revenue of $48.78 million during the quarter, compared to the consensus estimate of $168.30 million. Burford Capital had a net margin of 15.14% and a return on equity of 1.97%. As a group, equities analysts predict that Burford Capital will post 1.28 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Burford Capital
A number of hedge funds and other institutional investors have recently made changes to their positions in BUR. Vident Advisory LLC raised its stake in Burford Capital by 4.8% during the third quarter. Vident Advisory LLC now owns 33,158 shares of the company’s stock worth $397,000 after acquiring an additional 1,514 shares in the last quarter. Principal Financial Group Inc. boosted its position in Burford Capital by 11.4% in the 3rd quarter. Principal Financial Group Inc. now owns 15,003 shares of the company’s stock valued at $179,000 after buying an additional 1,538 shares during the last quarter. GWN Securities Inc. raised its stake in shares of Burford Capital by 15.3% during the fourth quarter. GWN Securities Inc. now owns 12,697 shares of the company’s stock worth $113,000 after buying an additional 1,687 shares during the last quarter. Allegheny Financial Group raised its stake in Burford Capital by 17.7% during the 4th quarter. Allegheny Financial Group now owns 14,787 shares of the company’s stock worth $132,000 after buying an additional 2,227 shares during the period. Finally, ProShare Advisors LLC increased its position in shares of Burford Capital by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 36,783 shares of the company’s stock worth $328,000 after acquiring an additional 2,371 shares in the last quarter.
Key Burford Capital News
Here are the key news stories impacting Burford Capital this week:
- Positive Sentiment: Wedbush kept an “outperform” stance while cutting its price target from $13 to $6, signaling the firm still sees upside despite the hit to Burford’s YPF exposure. Wedbush cuts PT to $6 but retains outperform
- Neutral Sentiment: Earlier Wedbush reaffirmed a “neutral” rating with a $4.75 target (a lower, more cautious view than the outperform note), reflecting near-term uncertainty and mixed analyst perspectives. Wedbush reaffirms neutral $4.75 target
- Neutral Sentiment: Burford published a further statement on the YPF appeal decision, aiming to clarify next steps and investor questions; management commentary may reduce uncertainty but does not change the court outcome. Burford further statement on YPF appeal
- Neutral Sentiment: General company information pages (e.g., dividend history) remain available but are secondary to the litigation outcome for near-term share moves. Burford dividends (Benzinga)
- Negative Sentiment: Berenberg sharply lowered its target after the US court reversal, reflecting increased downside risk from the loss of the YPF award. Berenberg slashes target after court reversal
- Negative Sentiment: The US Court of Appeals for the Second Circuit overturned the YPF judgment against Argentina — the direct legal event that removed a significant expected recovery and is the primary driver of the recent sell-off. US appeals court overturns YPF judgement
- Negative Sentiment: News coverage reports Burford shares plunged more than 40% on the ruling, illustrating market re-pricing of litigation assets and uncertainty about recoverable value. Burford shares plunge after YPF reversal
- Negative Sentiment: Shares hit a new 52-week low amid the sell-off, underscoring the immediate market impact and higher perceived risk. Burford hits new 52-week low
Burford Capital Company Profile
Burford Capital (NYSE: BUR) is a leading global finance firm that specializes in litigation and arbitration funding, risk management, and asset recovery. The company provides capital to law firms and corporate clients to finance legal fees and associated costs in commercial disputes. In exchange for funding, Burford shares in any awards or settlements, enabling clients to pursue meritorious claims without bearing upfront legal expenses.
Founded in 2009 by Christopher Bogart, Burford was among the first firms to establish a dedicated litigation finance business.
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