Credit Acceptance Corp. Now Covered by Analysts at Raymond James (CACC)
Equities research analysts at Raymond James assumed coverage on shares of Credit Acceptance Corp. (NASDAQ:CACC) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at TheStreet downgraded shares of Credit Acceptance Corp. from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, October 2nd. Separately, analysts at JMP Securities raised their price target on shares of Credit Acceptance Corp. from $120.00 to $125.00 in a research note to investors on Thursday, August 1st. They now have a “market outperform” rating on the stock. Finally, analysts at Zacks downgraded shares of Credit Acceptance Corp. to a “neutral” rating in a research note to investors on Wednesday, July 31st. They now have a $126.60 price target on the stock. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $124.40.
Credit Acceptance Corp. (NASDAQ:CACC) opened at 112.15 on Wednesday. Credit Acceptance Corp. has a 1-year low of $80.40 and a 1-year high of $128.90. The stock’s 50-day moving average is $109.6 and its 200-day moving average is $109.3. The company has a market cap of $2.689 billion and a P/E ratio of 11.78.
Credit Acceptance Corporation (NASDAQ:CACC) is a provider of auto loans to consumers.
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