Shares of Atlanticus Holdings Corporation (NASDAQ:ATLC – Get Free Report) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $129.00.
A number of research analysts have issued reports on ATLC shares. Citigroup restated an “outperform” rating on shares of Atlanticus in a research report on Thursday, July 16th. HSBC set a $144.00 target price on shares of Atlanticus in a report on Monday, July 13th. Wall Street Zen upgraded Atlanticus from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Atlanticus in a research report on Tuesday, September 8th. Finally, BTIG Research reissued a “buy” rating and set a $179.00 price target on shares of Atlanticus in a research report on Tuesday, September 22nd.
Check Out Our Latest Research Report on Atlanticus
Institutional Trading of Atlanticus
Atlanticus Trading Up 2.0%
Shares of Atlanticus stock opened at $89.29 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a 50-day moving average of $96.27 and a 200-day moving average of $86.11. Atlanticus has a 52-week low of $47.50 and a 52-week high of $114.34. The stock has a market cap of $1.35 billion, a PE ratio of 11.61 and a beta of 1.98.
Atlanticus (NASDAQ:ATLC – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The credit services provider reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.08. Atlanticus had a net margin of 5.80% and a return on equity of 25.17%. The business had revenue of $744.32 million for the quarter, compared to analyst estimates of $716.35 million. As a group, sell-side analysts forecast that Atlanticus will post 9.73 EPS for the current year.
About Atlanticus
Atlanticus Holdings Corporation (NASDAQ: ATLC) is a financial technology company that develops and provides credit and related financial products for consumers who may have limited access to traditional banking services. The company works with financial institution partners and merchants to deliver credit solutions through digital and point-of-sale channels.
Atlanticus’ offerings include revolving credit products, point-of-sale financing, personal loan solutions and automotive finance programs.
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