Zacks Upgrades World Acceptance Corp. to “Outperform” (WRLD)
World Acceptance Corp. (NASDAQ:WRLD) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a $100.50 target price on the stock. Zacks‘ price objective points to a potential upside of 3.01% from the company’s current price.
WRLD has been the subject of a number of other recent research reports. Analysts at FBR & Co. upgraded shares of World Acceptance Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, October 1st. Separately, analysts at FBR Capital Markets upgraded shares of World Acceptance Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, October 1st. They now have a $15.00 price target on the stock, down previously from $105.00. Finally, analysts at Sidoti upgraded shares of World Acceptance Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 30th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $57.75.
Shares of World Acceptance Corp. (NASDAQ:WRLD) traded down 1.04% on Wednesday, hitting $96.55. 51,305 shares of the company’s stock traded hands. World Acceptance Corp. has a 1-year low of $61.00 and a 1-year high of $100.82. The stock has a 50-day moving average of $89.03 and a 200-day moving average of $87.40. The company has a market cap of $1.084 billion and a price-to-earnings ratio of 11.97.
World Acceptance Corp. (NASDAQ:WRLD) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.87 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.83 by $0.04. The company had revenue of $145.30 million for the quarter, compared to the consensus estimate of $143.71 million. During the same quarter last year, the company posted $1.63 earnings per share. World Acceptance Corp.’s revenue was up 9.4% compared to the same quarter last year. On average, analysts predict that World Acceptance Corp. will post $9.10 earnings per share for the current fiscal year.
World Acceptance Corporation operates a small-loan consumer finance business in 12 states and Mexico.
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