Springleaf Holdings Downgraded to Neutral at Sterne Agee (LEAF)
Springleaf Holdings (NASDAQ:LEAF) was downgraded by investment analysts at Sterne Agee from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. They currently have a $28.00 target price on the stock, down from their previous target price of $30.00. Sterne Agee’s target price would indicate a potential upside of 5.70% from the stock’s previous close. The analysts noted that the move was a valuation call.
Shares of Springleaf Holdings (NASDAQ:LEAF) traded down 1.42% during mid-day trading on Thursday, hitting $26.115. 94,070 shares of the company’s stock traded hands. Springleaf Holdings has a 1-year low of $18.51 and a 1-year high of $29.50. The stock’s 50-day moving average is $24.15 and its 200-day moving average is $24.5. The company has a market cap of $2.999 billion and a price-to-earnings ratio of 66.56.
Springleaf Holdings (NASDAQ:LEAF) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.01. Analysts expect that Springleaf Holdings will post $1.86 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Stephens reiterated an “overweight” rating on shares of Springleaf Holdings in a research note on Thursday, May 15th. They now have a $28.00 price target on the stock, down previously from $29.00. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Springleaf Holdings in a research note on Thursday, May 15th. They now have a $28.00 price target on the stock, down previously from $32.00. Finally, analysts at Raymond James initiated coverage on shares of Springleaf Holdings in a research note on Thursday, May 1st. They set an “outperform” rating and a $29.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $28.75.
Springleaf Holdings, Inc (NASDAQ:LEAF) is a consumer finance company providing loan products to customers through it’s nationwide branch network and through iLoan, it’s Internet lending division.
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