CONN'S Given Average Recommendation of “Hold” by Brokerages (NASDAQ:CONN)
Shares of CONN'S (NASDAQ:CONN) have received an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, Analyst Ratings Network.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $61.33.
CONN'S (NASDAQ:CONN) opened at 43.69 on Wednesday. CONN'S has a 52 week low of $31.17 and a 52 week high of $80.34. The stock has a 50-day moving average of $42.66 and a 200-day moving average of $42.98. The company has a market cap of $1.579 billion and a P/E ratio of 16.39.
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. On average, analysts predict that CONN'S will post $3.54 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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