Trading Report: Today, SunTrust Banks Inc. Analysts Give PRA Group Inc. (PRAA) a $42.00 Price Target

Today, SunTrust Banks Inc. Analysts Give PRA Group Inc. (PRAA) a $42.00 Price Target

SunTrust Banks Inc. set a $42.00 price objective on PRA Group Inc. (NASDAQ:PRAA) in a research note issued to investors on Tuesday morning. The brokerage currently has a a buy rating on the stock.

PRAA has been the topic of a number of other reports. Zacks Investment Research upgraded shares of PRA Group from a sell rating to a hold rating in a research report on Thursday, September 22nd. William Blair restated an outperform rating on shares of PRA Group in a research report on Tuesday, September 20th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $34.20.

Shares of PRA Group (NASDAQ:PRAA) opened at 32.20 on Tuesday. PRA Group has a one year low of $20.00 and a one year high of $56.00. The stock has a 50 day moving average of $33.05 and a 200-day moving average of $29.09. The stock has a market capitalization of $1.49 billion, a PE ratio of 11.98 and a beta of 1.32.

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

In related news, insider Michael J. Petit sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $34.21, for a total value of $513,150.00. Following the sale, the insider now directly owns 106,857 shares in the company, valued at approximately $3,655,577.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael J. Petit sold 5,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 96,857 shares in the company, valued at $3,315,415.11. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in PRAA. Capstone Asset Management Co. increased its position in shares of PRA Group by 1.4% in the second quarter. Capstone Asset Management Co. now owns 14,068 shares of the company’s stock worth $340,000 after buying an additional 200 shares during the last quarter. PineBridge Investments L.P. increased its position in shares of PRA Group by 3.7% in the second quarter. PineBridge Investments L.P. now owns 5,876 shares of the company’s stock worth $141,000 after buying an additional 211 shares during the last quarter. Welch & Forbes LLC increased its position in shares of PRA Group by 2.3% in the second quarter. Welch & Forbes LLC now owns 11,300 shares of the company’s stock worth $273,000 after buying an additional 250 shares during the last quarter. Profund Advisors LLC increased its position in shares of PRA Group by 2.9% in the second quarter. Profund Advisors LLC now owns 10,067 shares of the company’s stock worth $243,000 after buying an additional 280 shares during the last quarter. Finally, Arizona State Retirement System increased its position in shares of PRA Group by 1.3% in the second quarter. Arizona State Retirement System now owns 24,059 shares of the company’s stock worth $581,000 after buying an additional 300 shares during the last quarter.

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