Portfolio Recovery Associates Inc. Reaches New 12-Month High at $62.00 (PRAA)
Portfolio Recovery Associates (NASDAQ:PRAA)’s share price reached a new 52-week high during trading hours on Friday, AnalystRatingsNetwork reports. The company traded as high as $62.00 and last traded at $61.78, with a volume of 326,458 shares traded. The stock had previously closed at $60.84.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Portfolio Recovery Associates in a research note to investors on Tuesday, October 8th. They now have a $70.00 price target on the stock. Separately, analysts at Janney Montgomery Scott raised their price target on shares of Portfolio Recovery Associates from $53.00 to $63.00 in a research note to investors on Monday, October 7th. They now have a “neutral” rating on the stock. Finally, analysts at JMP Securities raised their price target on shares of Portfolio Recovery Associates from $58.33 to $63.00 in a research note to investors on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Portfolio Recovery Associates has a consensus rating of “Hold” and an average target price of $65.33.
Portfolio Recovery Associates has a one year low of $30.63 and a one year high of $61.60. The stock has a 50-day moving average of $58.40 and a 200-day moving average of $51.01. The company has a market cap of $3.152 billion and a P/E ratio of 20.59.
Portfolio Recovery Associates (NASDAQ:PRAA) last announced its earnings results on Tuesday, July 30th. The company reported $2.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.25 by $0.31. The company had revenue of $182.96 million for the quarter, compared to the consensus estimate of $174.90 million. During the same quarter in the prior year, the company posted $1.87 earnings per share. The company’s quarterly revenue was up 23.7% on a year-over-year basis. Analysts expect that Portfolio Recovery Associates will post $3.34 EPS for the current fiscal year.
Portfolio Recovery Associates, Inc (NASDAQ:PRAA) is engaged in the detection, collection and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, governments, retailers and others.
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