Today, PRA Group Inc. (PRAA) Receives $33.75 Average Target Price from Brokerages

Today, PRA Group Inc. (PRAA) Receives $33.75 Average Target Price from Brokerages

PRA Group Inc. (NASDAQ:PRAA) has been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the firm. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $33.75.

Several equities analysts recently commented on PRAA shares. SunTrust Banks Inc. set a $42.00 price objective on PRA Group and gave the company a “buy” rating in a research note on Tuesday, October 11th. Zacks Investment Research upgraded PRA Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 23rd. Finally, William Blair reiterated an “outperform” rating on shares of PRA Group in a research note on Tuesday, September 20th.

PRA Group (NASDAQ:PRAA) opened at 32.20 on Wednesday. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 11.98 and a beta of 1.32. PRA Group has a 1-year low of $20.00 and a 1-year high of $56.00. The firm’s 50-day moving average price is $33.05 and its 200-day moving average price is $29.09.

PRA Group (NASDAQ:PRAA) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.83 EPS for the quarter, meeting the consensus estimate of $0.83. PRA Group had a return on equity of 19.50% and a net margin of 13.89%. The business had revenue of $228.50 million for the quarter, compared to the consensus estimate of $227.92 million. During the same quarter in the prior year, the business earned $1.06 earnings per share. PRA Group’s revenue for the quarter was down 3.7% on a year-over-year basis. Equities research analysts forecast that PRA Group will post $2.95 EPS for the current fiscal year.

In other news, insider Michael J. Petit sold 8,300 shares of the company’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $28.93, for a total value of $240,119.00. Following the transaction, the insider now owns 116,857 shares of the company’s stock, valued at $3,380,673.01. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael J. Petit sold 5,000 shares of the company’s stock in a transaction on Friday, October 7th. The stock was sold at an average price of $34.23, for a total transaction of $171,150.00. Following the completion of the transaction, the insider now directly owns 96,857 shares in the company, valued at approximately $3,315,415.11. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nexus Investment Management Inc. boosted its position in PRA Group by 9.0% in the third quarter. Nexus Investment Management Inc. now owns 404,800 shares of the company’s stock valued at $13,982,000 after buying an additional 33,450 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in PRA Group by 152.1% in the third quarter. Nisa Investment Advisors LLC now owns 36,800 shares of the company’s stock valued at $1,271,000 after buying an additional 22,200 shares during the last quarter. Eagle Asset Management Inc. boosted its position in PRA Group by 13.8% in the third quarter. Eagle Asset Management Inc. now owns 155,918 shares of the company’s stock valued at $5,385,000 after buying an additional 18,930 shares during the last quarter. Mason Street Advisors LLC purchased a new position in PRA Group during the second quarter valued at $219,000. Finally, Royal Bank of Canada boosted its position in PRA Group by 21.8% in the second quarter. Royal Bank of Canada now owns 901,080 shares of the company’s stock valued at $21,752,000 after buying an additional 161,570 shares during the last quarter.

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