Trade Report: Today, PRA Group Inc. (PRAA) Stock Rating Reaffirm by Raymond James Financial Inc.

Today, PRA Group Inc. (PRAA) Stock Rating Reaffirm by Raymond James Financial Inc.

PRA Group Inc. (NASDAQ:PRAA)‘s stock had its “market perform” rating reissued by stock analysts at Raymond James Financial Inc. in a report issued on Tuesday. They currently have a $32.00 price objective on the stock. Raymond James Financial Inc.’s price objective would indicate a potential downside of 9.09% from the company’s previous close. The analysts noted that the move was a valuation call.

Several other equities analysts also recently issued reports on the stock. Zacks Investment Research raised shares of PRA Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. SunTrust Banks Inc. set a $42.00 price objective on shares of PRA Group and gave the stock a “buy” rating in a report on Tuesday, October 11th. Finally, William Blair reaffirmed an “outperform” rating on shares of PRA Group in a report on Tuesday, September 20th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $34.20.

PRA Group (NASDAQ:PRAA) opened at 35.20 on Tuesday. The firm has a market cap of $1.63 billion, a PE ratio of 11.46 and a beta of 1.38. PRA Group has a one year low of $20.00 and a one year high of $41.69. The stock has a 50 day moving average of $32.33 and a 200 day moving average of $29.31.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.03. PRA Group had a net margin of 15.87% and a return on equity of 17.26%. The firm had revenue of $222 million for the quarter, compared to analyst estimates of $229.85 million. During the same period last year, the firm posted $0.99 EPS. The business’s revenue was down 3.2% compared to the same quarter last year. On average, equities analysts forecast that PRA Group will post $2.87 earnings per share for the current year.

In related news, insider Michael J. Petit sold 15,000 shares of the company’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $34.21, for a total value of $513,150.00. Following the completion of the sale, the insider now owns 106,857 shares of the company’s stock, valued at $3,655,577.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael J. Petit sold 5,500 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $34.26, for a total transaction of $188,430.00. Following the completion of the sale, the insider now directly owns 91,857 shares of the company’s stock, valued at approximately $3,147,020.82. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of PRAA. Cooke & Bieler LP increased its stake in PRA Group by 70.0% in the second quarter. Cooke & Bieler LP now owns 1,132,117 shares of the company’s stock valued at $27,329,000 after buying an additional 466,228 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of PRA Group by 7.6% in the first quarter. BlackRock Group LTD now owns 58,848 shares of the company’s stock valued at $1,731,000 after buying an additional 4,180 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of PRA Group by 33.2% in the first quarter. Envestnet Asset Management Inc. now owns 171,847 shares of the company’s stock valued at $5,051,000 after buying an additional 42,800 shares during the period. GW&K Investment Management LLC boosted its stake in shares of PRA Group by 1.3% in the second quarter. GW&K Investment Management LLC now owns 618,097 shares of the company’s stock valued at $14,921,000 after buying an additional 8,138 shares during the period. Finally, BloombergSen Inc. boosted its stake in shares of PRA Group by 1.6% in the second quarter. BloombergSen Inc. now owns 1,948,627 shares of the company’s stock valued at $47,040,000 after buying an additional 30,567 shares during the period.

About PRA Group

Related posts

Leave a Comment