Conn’s Coverage Initiated by Analysts at Ned Davis Research (CONN)
Analysts at Ned Davis Research began coverage on shares of Conn’s (NASDAQ:CONN) in a research report issued to clients and investors on Monday, Stock Ratings News reports. The firm set a “neutral” rating on the stock.
Shares of Conn’s (NASDAQ:CONN) traded down 2.34% during mid-day trading on Monday, hitting $54.35. The stock had a trading volume of 619,123 shares. Conn’s has a 1-year low of $22.81 and a 1-year high of $69.32. The stock’s 50-day moving average is $57.21 and its 200-day moving average is $51.92. The company has a market cap of $1.954 billion and a P/E ratio of 27.89.
Conn’s (NASDAQ:CONN) last released its earnings data on Thursday, September 5th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.08. The company had revenue of $270.70 million for the quarter, compared to the consensus estimate of $259.74 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 30.5% on a year-over-year basis. On average, analysts predict that Conn’s will post $2.60 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on CONN. Analysts at Oppenheimer reiterated an “outperform” rating on shares of Conn’s in a research note to investors on Tuesday, September 17th. Separately, analysts at Zacks downgraded shares of Conn’s from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, September 9th. They now have a $55.80 price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Conn’s from $77.00 to $73.00 in a research note to investors on Thursday, September 5th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $62.73.
Conn’s, Inc, is a specialty retailer of durable consumer products, and it also provides consumer credit to support its customers’ purchases of the products that it offer.
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