Recent Research Analysts’ Ratings Updates for Consumer Portfolio Services (CPSS)

Consumer Portfolio Services (NASDAQ: CPSS) has recently received a number of price target changes and ratings updates:

  • 11/7/2019 – Consumer Portfolio Services was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CONSUMER PORTFOLIO SERVICES is a consumer finance company that specializes in purchasing, selling, and servicing contracts with purchases of vechicles who are sub prime borrowers and are unable to obtain credit from traditional sources. “
  • 11/4/2019 – Consumer Portfolio Services was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 11/1/2019 – Consumer Portfolio Services was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CONSUMER PORTFOLIO SERVICES is a consumer finance company that specializes in purchasing, selling, and servicing contracts with purchases of vechicles who are sub prime borrowers and are unable to obtain credit from traditional sources. “
  • 10/29/2019 – Consumer Portfolio Services was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/25/2019 – Consumer Portfolio Services was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CONSUMER PORTFOLIO SERVICES is a consumer finance company that specializes in purchasing, selling, and servicing contracts with purchases of vechicles who are sub prime borrowers and are unable to obtain credit from traditional sources. “
  • 9/24/2019 – Consumer Portfolio Services was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $4.00 price target on the stock. According to Zacks, “CONSUMER PORTFOLIO SERVICES is a consumer finance company that specializes in purchasing, selling, and servicing contracts with purchases of vechicles who are sub prime borrowers and are unable to obtain credit from traditional sources. “

Shares of CPSS stock opened at $3.43 on Thursday. The business’s fifty day moving average price is $3.42 and its 200 day moving average price is $3.54. Consumer Portfolio Services, Inc. has a 1-year low of $2.99 and a 1-year high of $4.65. The firm has a market capitalization of $74.33 million, a PE ratio of 6.73 and a beta of 1.52. The company has a debt-to-equity ratio of 10.62, a current ratio of 12.64 and a quick ratio of 12.64.

Consumer Portfolio Services (NASDAQ:CPSS) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $0.08 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.08. The firm had revenue of $85.52 million for the quarter, compared to analyst estimates of $84.61 million. Consumer Portfolio Services had a return on equity of 4.34% and a net margin of 3.05%. Equities research analysts expect that Consumer Portfolio Services, Inc. will post 0.31 earnings per share for the current fiscal year.

In other Consumer Portfolio Services news, Director Greg Washer sold 13,369 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $3.42, for a total value of $45,721.98. Following the sale, the director now owns 290,744 shares of the company’s stock, valued at $994,344.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 46.00% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Black Diamond Capital Management L.L.C. grew its holdings in Consumer Portfolio Services by 490.6% in the second quarter. Black Diamond Capital Management L.L.C. now owns 2,766,706 shares of the credit services provider’s stock valued at $10,513,000 after purchasing an additional 2,298,242 shares during the last quarter. BlackRock Inc. grew its holdings in Consumer Portfolio Services by 18.1% in the second quarter. BlackRock Inc. now owns 759,535 shares of the credit services provider’s stock valued at $2,887,000 after purchasing an additional 116,290 shares during the last quarter. Vanguard Group Inc. grew its holdings in Consumer Portfolio Services by 4.4% in the second quarter. Vanguard Group Inc. now owns 658,270 shares of the credit services provider’s stock valued at $2,501,000 after purchasing an additional 28,006 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Consumer Portfolio Services by 8.1% in the second quarter. Renaissance Technologies LLC now owns 352,909 shares of the credit services provider’s stock valued at $1,341,000 after purchasing an additional 26,302 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in Consumer Portfolio Services by 5.8% in the third quarter. California Public Employees Retirement System now owns 118,000 shares of the credit services provider’s stock valued at $424,000 after purchasing an additional 6,500 shares during the last quarter. 47.94% of the stock is currently owned by institutional investors.

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It purchases and services retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans. The company, through its automobile contract purchases, offers indirect financing to the customers of dealers with limited credit histories, low incomes, or past credit problems.

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