Zacks Upgrades Conn’s to “Outperform” (CONN)
Conn’s (NASDAQ:CONN) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Friday, Analyst RN reports. The firm currently has a $80.20 price target on the stock. Zacks‘ target price would indicate a potential upside of 4.12% from the company’s current price.
A number of other firms have also recently commented on CONN. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Conn’s in a research note to investors on Friday, December 6th. They now have a $87.00 price target on the stock, up previously from $74.00. Separately, analysts at B. Riley raised their price target on shares of Conn’s from $73.00 to $86.00 in a research note to investors on Friday, December 6th. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Conn’s from $79.00 to $88.00 in a research note to investors on Thursday, December 5th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Conn’s presently has a consensus rating of “Buy” and a consensus target price of $77.60.
Conn’s (NASDAQ:CONN) traded down 0.58% during mid-day trading on Friday, hitting $76.58. 333,668 shares of the company’s stock traded hands. Conn’s has a 1-year low of $27.44 and a 1-year high of $80.34. The stock has a 50-day moving average of $69.29 and a 200-day moving average of $61.01. The company has a market cap of $2.756 billion and a P/E ratio of 33.56.
Conn’s (NASDAQ:CONN) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.64 by $0.02. The company had revenue of $310.90 million for the quarter, compared to the consensus estimate of $289.90 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 50.6% on a year-over-year basis.
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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