World Acceptance Corp. PT Raised to $115.00 at FBR Capital Markets (WRLD)
Research analysts at FBR Capital Markets increased their price target on shares of World Acceptance Corp. (NASDAQ:WRLD) from $110.00 to $115.00 in a report released on Friday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price target indicates a potential upside of 12.82% from the company’s current price.
Shares of World Acceptance Corp. (NASDAQ:WRLD) traded up 2.38% during mid-day trading on Friday, hitting $101.93. 120,453 shares of the company’s stock traded hands. World Acceptance Corp. has a 52 week low of $61.00 and a 52 week high of $94.99. The stock’s 50-day moving average is $85.47 and its 200-day moving average is $85.71. The company has a market cap of $1.145 billion and a price-to-earnings ratio of 12.21.
World Acceptance Corp. (NASDAQ:WRLD) last announced its earnings results on Thursday, October 24th. The company reported $1.80 earnings per share for the quarter, missing the analysts’ consensus estimate of $2.00 by $0.20. The company had revenue of $150.00 million for the quarter, compared to the consensus estimate of $153.50 million. During the same quarter last year, the company posted $1.72 earnings per share. World Acceptance Corp.’s revenue was up 7.6% compared to the same quarter last year. Analysts expect that World Acceptance Corp. will post $9.22 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of World Acceptance Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 9th. They now have a $100.50 price target on the stock. Separately, 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. 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 analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $107.75.
World Acceptance Corporation operates a small-loan consumer finance business in 12 states and Mexico.
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