CONN'S Upgraded by Zacks to Outperform (CONN)
CONN'S (NASDAQ:CONN) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday. The firm currently has a $52.90 price target on the stock. Zacks‘s target price would suggest a potential upside of 3.75% from the company’s current price.
Several other analysts have also recently commented on the stock. 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, June 3rd. They now have a “buy” rating on the stock. Separately, analysts at SunTrust raised their price target on shares of CONN'S from $55.00 to $65.00 in a research note on Tuesday, June 3rd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $64.13.
CONN'S (NASDAQ:CONN) traded up 3.24% during mid-day trading on Tuesday, hitting $50.99. The stock had a trading volume of 672,288 shares. CONN'S has a one year low of $31.17 and a one year high of $80.34. The stock has a 50-day moving average of $45.5 and a 200-day moving average of $50.01. The company has a market cap of $1.843 billion and a price-to-earnings ratio of 18.30.
CONN'S (NASDAQ:CONN) last announced its earnings results on Monday, June 2nd. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 33.6% on a year-over-year basis. Analysts expect that CONN'S will post $3.61 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.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.