Pra Group (PRAA) Upgraded by BidaskClub to Buy

Pra Group (NASDAQ:PRAA) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research raised Pra Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Oppenheimer reiterated a “hold” rating on shares of Pra Group in a report on Friday, November 9th. ValuEngine lowered Pra Group from a “buy” rating to a “hold” rating in a report on Thursday, October 18th. Finally, Buckingham Research initiated coverage on Pra Group in a report on Thursday, January 3rd. They set a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $35.00.

Shares of Pra Group stock opened at $28.48 on Friday. Pra Group has a 12 month low of $22.62 and a 12 month high of $43.75. The firm has a market cap of $1.27 billion, a P/E ratio of 21.41 and a beta of 1.71.

Pra Group (NASDAQ:PRAA) last announced its quarterly earnings data on Thursday, November 8th. The business services provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.13). Pra Group had a return on equity of 5.80% and a net margin of 15.69%. The company had revenue of $225.90 million for the quarter, compared to analyst estimates of $223.81 million. During the same period last year, the firm earned $0.34 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Analysts anticipate that Pra Group will post 1.42 EPS for the current year.

A number of hedge funds have recently bought and sold shares of PRAA. CHICAGO TRUST Co NA bought a new stake in shares of Pra Group in the third quarter valued at about $265,000. Victory Capital Management Inc. lifted its holdings in shares of Pra Group by 113.1% in the third quarter. Victory Capital Management Inc. now owns 11,843 shares of the business services provider’s stock valued at $426,000 after purchasing an additional 6,285 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of Pra Group by 3,693.0% in the third quarter. Rehmann Capital Advisory Group now owns 24,768 shares of the business services provider’s stock valued at $688,000 after purchasing an additional 24,115 shares in the last quarter. MetLife Investment Advisors LLC lifted its holdings in shares of Pra Group by 56.7% in the third quarter. MetLife Investment Advisors LLC now owns 30,388 shares of the business services provider’s stock valued at $1,094,000 after purchasing an additional 11,000 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Pra Group by 14.2% in the third quarter. First Trust Advisors LP now owns 58,173 shares of the business services provider’s stock valued at $2,094,000 after purchasing an additional 7,243 shares in the last quarter.

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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Analyst Recommendations for Pra Group (NASDAQ:PRAA)

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