Curo Group (CURO) Bonds Rise 1.3% During Trading

An issue of Curo Group Holdings Corp (NYSE:CURO) debt rose 1.3% as a percentage of its face value during trading on Friday. The high-yield debt issue has a 8.25% coupon and will mature on September 1, 2025. The bonds in the issue are now trading at $86.50 and were trading at $81.50 one week ago. Price moves in a company’s debt in credit markets often predict parallel moves in its stock price.

A number of analysts have weighed in on CURO shares. Zacks Investment Research upgraded shares of Curo Group from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. Credit Suisse Group restated a “buy” rating and set a $20.00 price objective on shares of Curo Group in a research note on Monday. Finally, Stephens set a $38.00 price objective on shares of Curo Group and gave the company a “buy” rating in a research note on Tuesday, September 25th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $28.00.

NYSE:CURO traded up $0.14 on Friday, reaching $11.55. 127,300 shares of the stock traded hands, compared to its average volume of 223,688. The firm has a market cap of $502.70 million and a P/E ratio of 6.13. The company has a debt-to-equity ratio of 88.29, a quick ratio of 8.69 and a current ratio of 8.69. Curo Group Holdings Corp has a 12 month low of $8.73 and a 12 month high of $32.20.

Curo Group (NYSE:CURO) last released its quarterly earnings data on Wednesday, October 24th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.27). The firm had revenue of $283.00 million for the quarter, compared to the consensus estimate of $277.27 million. Curo Group had a negative net margin of 0.13% and a positive return on equity of 262.11%. On average, equities research analysts predict that Curo Group Holdings Corp will post 1.74 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp boosted its holdings in shares of Curo Group by 5.1% during the 2nd quarter. Northern Trust Corp now owns 83,793 shares of the company’s stock valued at $2,091,000 after acquiring an additional 4,074 shares during the last quarter. First Mercantile Trust Co. purchased a new stake in shares of Curo Group during the 3rd quarter valued at about $239,000. Tower Research Capital LLC TRC purchased a new stake in shares of Curo Group during the 3rd quarter valued at about $254,000. Rhumbline Advisers purchased a new stake in shares of Curo Group during the 3rd quarter valued at about $263,000. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Curo Group during the 3rd quarter valued at about $271,000. 49.11% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Curo Group (CURO) Bonds Rise 1.3% During Trading” was originally published by WKRB News and is the property of of WKRB News. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.wkrb13.com/2019/01/12/curo-group-curo-bonds-rise-1-3-during-trading.html.

About Curo Group (NYSE:CURO)

CURO Group Holdings Corp., a diversified consumer finance company, provides consumer finance to a range of underbanked consumers in the United States, Canada, and the United Kingdom. It offers unsecured installment loans, secured installment loans, open-end loans, and single-pay loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, credit protection insurance, gold buying, retail installment sales, and money transfer services.

Further Reading: How to Use the New Google Finance Tool

Receive News & Ratings for Curo Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curo Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply