Zacks Upgrades Regional Management Corp. to “Outperform” (RM)
Regional Management Corp. (NYSE:RM) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Wednesday, Analyst Ratings.Net reports. The firm currently has a $35.70 target price on the stock. Zacks‘ price objective indicates a potential upside of 9.85% from the company’s current price.
Regional Management Corp. (NYSE:RM) traded down 1.88% during mid-day trading on Wednesday, hitting $31.89. 99,337 shares of the company’s stock traded hands. Regional Management Corp. has a one year low of $14.70 and a one year high of $32.74. The stock’s 50-day moving average is $28.91 and its 200-day moving average is $25.30. The company has a market cap of $401.3 million and a price-to-earnings ratio of 15.27.
A number of other firms have also recently commented on RM. Analysts at FBR Capital Markets raised their price target on shares of Regional Management Corp. (NYSE:RM) from $33.00 to $36.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, 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. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $35.18.
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.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.