Conn’s Downgraded by Oppenheimer to “Market Perform” (CONN)
Conn’s (NASDAQ:CONN) was downgraded by equities research analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Shares of Conn’s (NASDAQ:CONN) opened at 36.4635 on Thursday. Conn’s has a 1-year low of $29.63 and a 1-year high of $80.34. The stock’s 50-day moving average is $64.50 and its 200-day moving average is $62.86. The company has a market cap of $1.312 billion and a P/E ratio of 24.31.
Conn’s (NASDAQ:CONN) last posted its quarterly earnings results 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. On average, analysts predict that Conn’s will post $2.77 earnings per share for the current fiscal year.
A number of other firms have also recently commented on CONN. Analysts at Stephens downgraded shares of Conn’s from an “overweight” rating to an “equal weight” rating in a research note on Thursday. Separately, analysts at Zacks downgraded shares of Conn’s from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 5th. They now have a $69.60 price target on the stock. Finally, analysts at Zacks upgraded shares of Conn’s from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. They now have a $80.20 price target on the stock. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.09.
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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