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Investment analysts at Noble Financial lifted their price objective on shares of The Providence Service (NASDAQ:PRSC) from $48.00 to $62.00 in a note issued to investors on Friday. Noble Financial’s price target would indicate a potential upside of 38.36% from the company’s current price.

Shares of The Providence Service (NASDAQ:PRSC) traded down 5.16% during mid-day trading on Friday, hitting $44.81. The stock had a trading volume of 180,215 shares. The Providence Service has a 1-year low of $23.91 and a 1-year high of $47.90. The stock’s 50-day moving average is $38.64 and its 200-day moving average is $34.98. The company has a market cap of $709.7 million and a P/E ratio of 34.62.

The Providence Service (NASDAQ:PRSC) last announced its earnings results on Wednesday, August 6th. The company reported $0.46 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.03. The company had revenue of $344.00 million for the quarter, compared to the consensus estimate of $315.16 million. During the same quarter last year, the company posted $0.43 earnings per share. The Providence Service’s revenue was up 19.6% compared to the same quarter last year. On average, analysts predict that The Providence Service will post $2.16 earnings per share for the current fiscal year.

The Providence Service Corporation provides and manages government sponsored social services and non-emergency transportation services.

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