Portfolio Recovery Associates’s Neutral Rating Reaffirmed at Zacks (PRAA)
Portfolio Recovery Associates (NASDAQ:PRAA)‘s stock had its “neutral” rating reaffirmed by Zacks in a note issued to investors on Thursday, Analyst Ratings Network.com reports. They currently have a $53.00 target price on the stock. Zacks‘ target price would suggest a potential upside of 4.99% from the company’s current price.
Shares of Portfolio Recovery Associates (NASDAQ:PRAA) traded up 17.02% during mid-day trading on Thursday, hitting $59.07. The stock had a trading volume of 2,900,763 shares. Portfolio Recovery Associates has a one year low of $38.4767 and a one year high of $63.96. The stock’s 50-day moving average is $51.53 and its 200-day moving average is $55.3. The company has a market cap of $2.939 billion and a price-to-earnings ratio of 15.61.
Portfolio Recovery Associates (NASDAQ:PRAA) last posted its quarterly earnings results on Friday, February 28th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.90 by $0.01. The company had revenue of $184.90 million for the quarter, compared to the consensus estimate of $185.95 million. On average, analysts predict that Portfolio Recovery Associates will post $3.45 earnings per share for the current fiscal year.
Portfolio Recovery Associates, Inc (NASDAQ:PRAA) is engaged in the detection, collection and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, governments, retailers and others.
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