Springleaf Holdings Given Outperform Rating at Credit Suisse (LEAF)
Springleaf Holdings (NASDAQ:LEAF)‘s stock had its “outperform” rating restated by analysts at Credit Suisse in a research report issued to clients and investors on Friday. They currently have a $36.00 price target on the stock, up from their previous price target of $30.00. Credit Suisse’s price target would suggest a potential upside of 21.42% from the stock’s previous close.
Shares of Springleaf Holdings (NASDAQ:LEAF) traded up 10.86% during mid-day trading on Friday, hitting $32.87. The stock had a trading volume of 898,391 shares. Springleaf Holdings has a 52-week low of $18.51 and a 52-week high of $30.60. The stock has a 50-day moving average of $26.3 and a 200-day moving average of $25.29. The company has a market cap of $3.775 billion and a price-to-earnings ratio of 74.50.
Springleaf Holdings (NASDAQ:LEAF) last announced its earnings results on Thursday, August 7th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.07. On average, analysts predict that Springleaf Holdings will post $1.83 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie initiated coverage on shares of Springleaf Holdings in a research note on Wednesday, July 9th. They set a “neutral” rating and a $30.00 price target on the stock. Separately, analysts at Sterne Agee downgraded shares of Springleaf Holdings from a “buy” rating to a “neutral” rating in a research note on Thursday, June 12th. They now have a $28.00 price target on the stock, down previously from $30.00. They noted that the move was a valuation call. Finally, 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $29.60.
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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