Burford Capital Limited (NYSE:BUR) Stock Has Average Price Target of $9.33

Burford Capital Limited (NYSE:BUR) has received an average rating of “Hold” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $9.33.

Several equities research analysts recently issued reports on the stock. Zacks Research cut shares of Burford Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Burford Capital in a report on Friday, August 7th. Finally, Wall Street Zen raised shares of Burford Capital from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th.

Burford Capital Price Performance

BUR stock opened at $3.56 on Thursday. Burford Capital has a 1 year low of $3.52 and a 1 year high of $11.98. The company has a debt-to-equity ratio of 1.64, a current ratio of 9.56 and a quick ratio of 9.56. The firm has a market capitalization of $782.80 million, a PE ratio of -0.46, a price-to-earnings-growth ratio of 0.06 and a beta of 1.25. The business has a 50 day simple moving average of $4.18 and a 200-day simple moving average of $4.52.

Burford Capital (NYSE:BUR) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). During the same period in the prior year, the business earned $0.39 earnings per share. Equities research analysts anticipate that Burford Capital will post 1.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BUR. XP Advisory US Inc. purchased a new stake in shares of Burford Capital in the 2nd quarter valued at $31,000. Sequoia Financial Advisors LLC purchased a new stake in Burford Capital during the second quarter worth about $44,000. Waverly Advisors LLC acquired a new stake in shares of Burford Capital during the second quarter worth about $46,000. Allworth Financial LP lifted its position in shares of Burford Capital by 1,747.4% during the second quarter. Allworth Financial LP now owns 11,306 shares of the company’s stock worth $46,000 after purchasing an additional 10,694 shares in the last quarter. Finally, HB Wealth Management LLC purchased a new position in shares of Burford Capital in the second quarter valued at approximately $65,000.

About Burford Capital

Burford Capital is a global legal finance and asset management firm that provides capital to support commercial litigation, arbitration and other legal claims. Its financing can help companies and law firms cover legal expenses, monetize expected recoveries or manage the financial risk associated with lengthy disputes.

The company also provides services related to litigation risk management, legal asset monetization and post-settlement or judgment recovery. Burford generally evaluates the underlying legal claims and potential recoveries when structuring investments, and its capital may be provided on an individual-case or portfolio basis.

Founded in 2009, Burford serves clients and legal counterparties involved in disputes across major international jurisdictions.