Portfolio Recovery Associates Inc. Reaches New 12-Month High at $61.60 (PRAA)
Portfolio Recovery Associates (NASDAQ:PRAA) set a new 52-week high during trading hours on Thursday, American Banking & Market News reports. The company traded as high as $61.60 and last traded at $60.93, with a volume of 293,246 shares. The stock had previously closed at $60.24.
Several analysts have recently commented on the stock. Analysts at JMP Securities raised their price target on shares of Portfolio Recovery Associates (NASDAQ:PRAA) from $58.33 to $63.00 in a research note to investors on Friday, August 16th. Separately, analysts at Sidoti upgraded shares of Portfolio Recovery Associates (NASDAQ:PRAA) from a “neutral” rating to a “buy” rating in a research note to investors on Monday, August 12th. Finally, analysts at Janney Montgomery Scott raised their price target on shares of Portfolio Recovery Associates (NASDAQ:PRAA) from $151.00 to $160.00 in a research note to investors on Friday, August 2nd. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Portfolio Recovery Associates has a consensus rating of “Buy” and an average target price of $132.00.
Portfolio Recovery Associates has a 52 week low of $30.63 and a 52 week high of $60.82. The stock has a 50-day moving average of $56.12 and a 200-day moving average of $49.10. The company has a market cap of $3.106 billion and a price-to-earnings ratio of 20.39.
Portfolio Recovery Associates (NASDAQ:PRAA) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $2.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.25 by $0.31. The company had revenue of $182.96 million for the quarter, compared to the consensus estimate of $174.90 million. During the same quarter in the prior year, the company posted $1.87 earnings per share. The company’s quarterly revenue was up 23.7% on a year-over-year basis. On average, analysts predict that Portfolio Recovery Associates will post $3.36 earnings per share for the current fiscal year.
Portfolio Recovery Associates, Inc (NASDAQ:PRAA) is engaged in the detection, collection and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, governments, retailers and others.
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