CONN'S Price Target Raised to $61.00 at Stifel (CONN)
Stifel lifted their target price on shares of CONN'S (NASDAQ:CONN) from $51.00 to $61.00 in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. Stifel’s price objective would suggest a potential upside of 26.24% from the company’s current price.
A number of other firms have also recently commented on CONN. Analysts at SunTrust raised their price target on shares of CONN'S from $55.00 to $65.00 in a research note on Tuesday. Separately, analysts at Stifel Nicolaus raised their price target on shares of CONN'S from $51.00 to $61.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of CONN'S from $60.00 to $71.00 in a research note on Monday. They now have a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $63.96.
CONN'S (NASDAQ:CONN) traded down 3.11% during mid-day trading on Tuesday, hitting $48.32. 1,080,713 shares of the company’s stock traded hands. CONN'S has a 52 week low of $31.17 and a 52 week high of $80.34. The stock’s 50-day moving average is $43.83 and its 200-day moving average is $52.53. The company has a market cap of $1.746 billion and a price-to-earnings ratio of 19.63. CONN'S also was the target of some unusual options trading activity on Monday. Investors bought 5,146 call options on the company. This is an increase of 206% compared to the typical volume of 1,681 call options.
CONN'S (NASDAQ:CONN) last released its earnings data on Monday, June 2nd. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.07. The company had revenue of $335.40 million for the quarter, compared to the consensus estimate of $328.52 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 33.6% on a year-over-year basis. Analysts expect that CONN'S will post $3.58 EPS for the current fiscal year.
Conn’s, Inc is a holding company. The Company 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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