CONN'S Receives Average Recommendation of “Hold” from Analysts (NASDAQ:CONN)
CONN'S (NASDAQ:CONN) has earned a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, AnalystRatings.NET reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $61.33.
Shares of CONN'S (NASDAQ:CONN) traded down 2.62% on Wednesday, hitting $42.39. 92,599 shares of the company’s stock traded hands. CONN'S has a 1-year low of $31.17 and a 1-year high of $80.34. The stock has a 50-day moving average of $43.29 and a 200-day moving average of $43.08. The company has a market cap of $1.532 billion and a price-to-earnings ratio of 16.13.
CONN'S (NASDAQ:CONN) last posted its quarterly earnings results on Monday, June 2nd. The company reported $0.80 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.61 earnings per share. CONN'S’s revenue was up 33.6% compared to the same quarter last year. On average, analysts predict that CONN'S will post $3.56 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of CONN'S from an “outperform” rating to a “neutral” rating in a research note on Monday, August 4th. They now have a $49.00 price target 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. Finally, 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.
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.
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