FBR Capital Markets Increases Regional Management Corp. Price Target to $36.00 (RM)
Equities researchers at FBR Capital Markets upped their price target on shares of Regional Management Corp. (NYSE:RM) from $33.00 to $36.00 in a research report issued on Tuesday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price objective would indicate a potential upside of 13.21% from the stock’s previous close.
Shares of Regional Management Corp. (NYSE:RM) traded up 0.53% during mid-day trading on Tuesday, hitting $31.97. 6,680 shares of the company’s stock traded hands. Regional Management Corp. has a 1-year low of $14.70 and a 1-year high of $32.74. The stock’s 50-day moving average is $28.83 and its 200-day moving average is $25.2. The company has a market cap of $402.3 million and a price-to-earnings ratio of 14.94.
A number of other firms have also recently commented on RM. Analysts at JMP Securities raised their price target on shares of Regional Management Corp. (NYSE:RM) from $32.00 to $34.00 in a research note to investors on Thursday, September 26th. They now have a “market outperform” rating on the stock. Separately, analysts at Jefferies Group downgraded shares of Regional Management Corp. (NYSE:RM) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, August 7th. Finally, analysts at Zacks downgraded shares of Regional Management Corp. (NYSE:RM) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 5th. They now have a $34.10 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $34.78.
Regional Management Corp. (NYSE:RM) is a diversified specialty consumer finance company providing a range of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders.
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