World Acceptance Corp. (WRLD) Receives Consensus Recommendation of “Hold” from Analysts
World Acceptance Corp. (NASDAQ:WRLD) has earned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $82.75.
Several research analysts have recently weighed in on the stock. BMO Capital Markets reissued a “sell” rating and issued a $80.00 target price on shares of World Acceptance in a research report on Monday, January 29th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of World Acceptance from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a report on Saturday, February 3rd. ValuEngine upgraded shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. BidaskClub upgraded shares of World Acceptance from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Finally, Stephens restated a “sell” rating and set a $65.00 price target on shares of World Acceptance in a report on Thursday, January 4th.
World Acceptance (NASDAQ:WRLD) opened at $104.63 on Friday. The firm has a market cap of $1,000.66, a P/E ratio of 16.32 and a beta of 2.80. The company has a quick ratio of 16.43, a current ratio of 20.25 and a debt-to-equity ratio of 0.77. World Acceptance has a 1 year low of $47.45 and a 1 year high of $121.17.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of World Acceptance by 2.8% during the fourth quarter. BlackRock Inc. now owns 791,193 shares of the credit services provider’s stock worth $63,864,000 after purchasing an additional 21,186 shares during the period. Rhumbline Advisers boosted its holdings in shares of World Acceptance by 13.4% during the fourth quarter. Rhumbline Advisers now owns 14,271 shares of the credit services provider’s stock worth $1,152,000 after purchasing an additional 1,684 shares during the period. Arizona State Retirement System boosted its holdings in shares of World Acceptance by 228.7% during the fourth quarter. Arizona State Retirement System now owns 9,898 shares of the credit services provider’s stock worth $799,000 after purchasing an additional 6,887 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of World Acceptance by 17.7% during the fourth quarter. Wells Fargo & Company MN now owns 7,812 shares of the credit services provider’s stock worth $631,000 after purchasing an additional 1,174 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of World Acceptance during the fourth quarter worth approximately $1,190,000. Institutional investors and hedge funds own 91.77% of the company’s stock.
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World Acceptance Company Profile
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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