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Portfolio Recovery Associates (NASDAQ:PRAA) was upgraded by investment analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a note issued to investors on Friday.

Shares of Portfolio Recovery Associates (NASDAQ:PRAA) opened at 53.03 on Friday. Portfolio Recovery Associates has a 52 week low of $45.8267 and a 52 week high of $63.96. The stock has a 50-day moving average of $56.58 and a 200-day moving average of $54.81. The company has a market cap of $2.655 billion and a price-to-earnings ratio of 14.65.

Portfolio Recovery Associates (NASDAQ:PRAA) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.87 by $0.01. The company had revenue of $193.90 million for the quarter, compared to the consensus estimate of $193.68 million. Analysts expect that Portfolio Recovery Associates will post $3.94 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Portfolio Recovery Associates in a research note on Friday, May 2nd. They now have a $59.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $65.50.

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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