PRA Group, Inc. (NASDAQ:PRAA) Downgraded by Janney Montgomery Scott

Janney Montgomery Scott cut shares of PRA Group, Inc. (NASDAQ:PRAA) from a neutral rating to a sell rating in a research note released on Wednesday, October 4th, MarketBeat Ratings reports.

A number of other brokerages have also recently weighed in on PRAA. BidaskClub upgraded shares of PRA Group from a hold rating to a buy rating in a research note on Thursday, August 10th. Zacks Investment Research cut shares of PRA Group from a hold rating to a sell rating in a research report on Thursday, July 13th. Raymond James Financial, Inc. reiterated an underperform rating on shares of PRA Group in a research report on Thursday, September 21st. Finally, Citigroup Inc. cut PRA Group to an underperform rating in a research note on Thursday, September 21st. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company currently has an average rating of Sell and an average price target of $36.00.

PRA Group (PRAA) opened at 28.30 on Wednesday. The firm has a 50 day moving average of $28.82 and a 200-day moving average of $33.73. The stock has a market cap of $1.28 billion, a PE ratio of 17.26 and a beta of 1.49. PRA Group has a 12-month low of $23.15 and a 12-month high of $42.70.

PRA Group (NASDAQ:PRAA) last posted its earnings results on Tuesday, August 8th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.23). The company had revenue of $200.30 million during the quarter, compared to the consensus estimate of $208.97 million. PRA Group had a net margin of 9.76% and a return on equity of 4.69%. The business’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 earnings per share. On average, analysts expect that PRA Group will post $1.86 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “PRA Group, Inc. (NASDAQ:PRAA) Downgraded by Janney Montgomery Scott” was originally reported by BBNS and is the sole property of of BBNS. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://baseballnewssource.com/markets/janney-montgomery-scott-downgrades-pra-group-inc-praa-to-sell/1698183.html.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of PRA Group by 53,101.9% in the 1st quarter. BlackRock Inc. now owns 6,007,031 shares of the business services provider’s stock valued at $199,134,000 after purchasing an additional 5,995,740 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of PRA Group by 9.4% in the 1st quarter. Vanguard Group Inc. now owns 4,186,390 shares of the business services provider’s stock valued at $138,779,000 after purchasing an additional 360,823 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of PRA Group by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,744,664 shares of the business services provider’s stock valued at $66,123,000 after purchasing an additional 218,409 shares during the last quarter. State Street Corp increased its stake in shares of PRA Group by 3.5% in the 2nd quarter. State Street Corp now owns 1,143,509 shares of the business services provider’s stock valued at $43,341,000 after purchasing an additional 39,117 shares during the last quarter. Finally, Cooke & Bieler LP increased its stake in shares of PRA Group by 0.8% in the 2nd quarter. Cooke & Bieler LP now owns 1,136,490 shares of the business services provider’s stock valued at $43,073,000 after purchasing an additional 9,400 shares during the last quarter.

PRA Group Company Profile

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.

Receive News & Ratings for PRA Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PRA Group Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Alex Cora Becomes New Manager for Boston Red Sox
Alex Cora Becomes New Manager for Boston Red Sox
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends


Leave a Reply

 
© 2006-2017 BBNS.