Conn’s Price Target Raised to $79.00 at Canaccord Genuity (CONN)
Investment analysts at Canaccord Genuity boosted their price objective on shares of Conn’s (NASDAQ:CONN) from $73.00 to $79.00 in a note issued to investors on Thursday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target indicates a potential upside of 35.27% from the stock’s previous close.
A number of other firms have also recently commented on CONN. Analysts at Ned Davis Research initiated coverage on shares of Conn’s in a research note to investors on Monday. They set a “neutral” rating on the stock. Separately, analysts at Oppenheimer reiterated an “outperform” rating on shares of Conn’s in a research note to investors on Tuesday, September 17th. Finally, 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. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $63.48.
Shares of Conn’s (NASDAQ:CONN) traded up 8.81% during mid-day trading on Thursday, hitting $58.40. 1,847,082 shares of the company’s stock traded hands. Conn’s has a 52 week low of $22.81 and a 52 week high of $69.32. The stock has a 50-day moving average of $56.39 and a 200-day moving average of $52.40. The company has a market cap of $2.099 billion and a P/E ratio of 26.90.
Conn’s (NASDAQ:CONN) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.52 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.36 earnings per share. Conn’s's revenue was up 30.5% compared to the same quarter last year. On average, analysts predict that Conn’s will post $2.60 earnings per share for the current fiscal year.
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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