Stephens restated their sell rating on shares of World Acceptance (NASDAQ:WRLD) in a research note published on Thursday, January 4th. Stephens currently has a $65.00 price objective on the credit services provider’s stock.
Other equities research analysts also recently issued research reports about the stock. Jefferies Group reiterated a sell rating and set a $60.00 price target on shares of World Acceptance in a research note on Thursday, October 12th. BidaskClub downgraded shares of World Acceptance from a hold rating to a sell rating in a research note on Saturday, December 9th. Finally, Zacks Investment Research upgraded shares of World Acceptance from a strong sell rating to a hold rating in a research note on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $62.33.
Shares of World Acceptance (NASDAQ:WRLD) opened at $87.87 on Thursday. The stock has a market cap of $778.23, a price-to-earnings ratio of 12.00 and a beta of 2.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 16.43 and a quick ratio of 16.43. World Acceptance has a 52 week low of $42.01 and a 52 week high of $88.54.
Several hedge funds and other institutional investors have recently modified their holdings of WRLD. Bank of Montreal Can lifted its holdings in shares of World Acceptance by 110.3% during the second quarter. Bank of Montreal Can now owns 1,836 shares of the credit services provider’s stock valued at $137,000 after acquiring an additional 963 shares during the period. Arizona State Retirement System bought a new position in shares of World Acceptance during the second quarter valued at $233,000. Legal & General Group Plc lifted its holdings in shares of World Acceptance by 11.4% during the second quarter. Legal & General Group Plc now owns 10,982 shares of the credit services provider’s stock valued at $822,000 after acquiring an additional 1,126 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of World Acceptance by 14.0% in the second quarter. BNP Paribas Arbitrage SA now owns 5,422 shares of the credit services provider’s stock valued at $406,000 after buying an additional 665 shares during the last quarter. Finally, Federated Investors Inc. PA raised its holdings in shares of World Acceptance by 5.1% in the second quarter. Federated Investors Inc. PA now owns 14,451 shares of the credit services provider’s stock valued at $1,083,000 after buying an additional 704 shares during the last quarter. 91.69% of the stock is owned by institutional investors.
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About World Acceptance
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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