Share on StockTwits
 

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.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.