Conn’s Rating Lowered to Equal Weight at Stephens (CONN)
Conn’s (NASDAQ:CONN) was downgraded by investment analysts at Stephens from an “overweight” rating to an “equal weight” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. 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 Stifel Nicolaus reiterated a “buy” rating on shares of Conn’s in a research note on Friday, December 6th. They now have a $87.00 price target on the stock, up previously from $74.00. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $76.09.
Conn’s (NASDAQ:CONN) opened at 36.86 on Thursday. Conn’s has a 52 week low of $29.63 and a 52 week 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 $1.327 billion and a price-to-earnings ratio of 24.31.
Conn’s (NASDAQ:CONN) last released its 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. On average, analysts predict that Conn’s will post $2.77 earnings per share for the current fiscal year.
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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