PRA Group (PRAA) Getting Positive News Coverage, Analysis Finds
Media coverage about PRA Group (NASDAQ:PRAA) has been trending positive this week, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PRA Group earned a daily sentiment score of 0.47 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 47.8239179004451 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several brokerages have issued reports on PRAA. Zacks Investment Research raised PRA Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 21st. BidaskClub lowered PRA Group from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Keefe, Bruyette & Woods lowered PRA Group from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $36.00 to $40.00 in a research report on Tuesday, October 10th. Janney Montgomery Scott lowered PRA Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, Citigroup Inc. lowered PRA Group to an “underperform” rating in a research report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $40.00.
Shares of PRA Group (NASDAQ:PRAA) opened at $34.55 on Monday. The company has a market capitalization of $1,560.59, a price-to-earnings ratio of 53.98 and a beta of 1.51. PRA Group has a 12-month low of $25.72 and a 12-month high of $42.70.
PRA Group (NASDAQ:PRAA) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). The business had revenue of $201.00 million during the quarter, compared to the consensus estimate of $196.96 million. PRA Group had a net margin of 7.57% and a return on equity of 2.98%. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 EPS. analysts anticipate that PRA Group will post 1.38 EPS for the current year.
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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.
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