Pra Group Inc (NASDAQ:PRAA) Receives $32.00 Consensus Price Target from Analysts

Pra Group Inc (NASDAQ:PRAA) has received a consensus rating of “Hold” from the six brokerages that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $32.00.

Several equities research analysts recently commented on the company. Buckingham Research boosted their price target on Pra Group from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. ValuEngine cut Pra Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Finally, BidaskClub raised Pra Group from a “hold” rating to a “buy” rating in a research note on Saturday.

In related news, EVP Christopher B. Graves sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $35.06, for a total value of $87,650.00. Following the completion of the sale, the executive vice president now owns 74,180 shares of the company’s stock, valued at approximately $2,600,750.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.68% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pitcairn Co. lifted its holdings in shares of Pra Group by 11.7% during the second quarter. Pitcairn Co. now owns 15,678 shares of the business services provider’s stock worth $441,000 after buying an additional 1,641 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Pra Group by 3.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 450,791 shares of the business services provider’s stock worth $12,686,000 after buying an additional 13,043 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Pra Group by 2.2% during the second quarter. Northern Trust Corp now owns 703,259 shares of the business services provider’s stock worth $19,789,000 after buying an additional 15,118 shares during the last quarter. Great Lakes Advisors LLC lifted its holdings in shares of Pra Group by 15.8% during the second quarter. Great Lakes Advisors LLC now owns 294,592 shares of the business services provider’s stock worth $8,290,000 after buying an additional 40,264 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Pra Group by 2.8% during the second quarter. Envestnet Asset Management Inc. now owns 55,885 shares of the business services provider’s stock worth $1,573,000 after buying an additional 1,501 shares during the last quarter.

Shares of NASDAQ PRAA opened at $34.23 on Thursday. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 26.39 and a beta of 1.61. The business has a 50 day simple moving average of $33.97 and a 200 day simple moving average of $30.37. Pra Group has a 52 week low of $22.62 and a 52 week high of $35.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.20 and a current ratio of 1.20.

Pra Group (NASDAQ:PRAA) last announced its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The business had revenue of $252.06 million during the quarter, compared to analysts’ expectations of $245.48 million. Pra Group had a return on equity of 5.16% and a net margin of 6.11%. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 EPS. On average, analysts predict that Pra Group will post 1.71 EPS for the current year.

Pra Group Company Profile

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies.

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