Raymond James Downgrades Springleaf Holdings to Market Perform (LEAF)
Springleaf Holdings (NASDAQ:LEAF) was downgraded by equities research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
Springleaf Holdings (NASDAQ:LEAF) opened at 32.289 on Wednesday. Springleaf Holdings has a 1-year low of $18.51 and a 1-year high of $33.92. The stock’s 50-day moving average is $26.81 and its 200-day moving average is $25.45. The company has a market cap of $3.706 billion and a P/E ratio of 62.49.
Springleaf Holdings (NASDAQ:LEAF) last released its earnings data 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 $1.97 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on LEAF. Analysts at JMP Securities raised their price target on shares of Springleaf Holdings from $32.00 to $36.00 in a research note on Monday. Separately, analysts at Credit Suisse raised their price target on shares of Springleaf Holdings from $30.00 to $36.00 in a research note on Friday, August 8th. They now have an “outperform” rating on the stock. Finally, 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. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.11.
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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