World Acceptance (WRLD) Stock Rating Upgraded by BidaskClub
World Acceptance (NASDAQ:WRLD) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Thursday.
WRLD has been the subject of a number of other research reports. TheStreet upgraded World Acceptance from a “c” rating to a “b-” rating in a research report on Wednesday, August 15th. BMO Capital Markets lifted their price objective on World Acceptance from $79.00 to $82.00 and gave the stock an “underperform” rating in a research report on Monday, November 5th. Finally, Zacks Investment Research upgraded World Acceptance from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research report on Tuesday, November 6th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $89.67.
Shares of NASDAQ WRLD opened at $108.80 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 17.26 and a quick ratio of 17.26. World Acceptance has a 1-year low of $75.00 and a 1-year high of $125.14. The firm has a market cap of $1.04 billion, a P/E ratio of 14.11 and a beta of 2.74.
Institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc lifted its position in shares of World Acceptance by 5.0% in the 1st quarter. Legal & General Group Plc now owns 11,336 shares of the credit services provider’s stock worth $1,182,000 after acquiring an additional 544 shares during the period. Principal Financial Group Inc. raised its holdings in shares of World Acceptance by 4.8% in the 1st quarter. Principal Financial Group Inc. now owns 46,784 shares of the credit services provider’s stock worth $4,926,000 after buying an additional 2,159 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of World Acceptance in the 2nd quarter worth approximately $158,000. First Trust Advisors LP raised its holdings in shares of World Acceptance by 247.1% in the 2nd quarter. First Trust Advisors LP now owns 20,641 shares of the credit services provider’s stock worth $2,291,000 after buying an additional 14,695 shares in the last quarter. Finally, Bowling Portfolio Management LLC acquired a new position in shares of World Acceptance in the 2nd quarter worth approximately $1,311,000. Hedge funds and other institutional investors own 86.08% of the company’s stock.
World Acceptance Company Profile
World Acceptance Corporation engages in small-loan consumer finance business. The company offers short-term small and medium-term larger installment loans, as well as related credit insurance and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and income tax return preparation and electronic filing services.
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