B. Riley Lowers CONN'S Price Target to $62.00 (CONN)
Research analysts at B. Riley decreased their target price on shares of CONN'S (NASDAQ:CONN) from $82.00 to $62.00 in a report released on Wednesday. B. Riley’s price objective would suggest a potential upside of 100.00% from the company’s current price.
CONN'S (NASDAQ:CONN) traded down 0.05% on Wednesday, hitting $30.985. The stock had a trading volume of 1,793,348 shares. CONN'S has a 52 week low of $30.85 and a 52 week high of $80.34. The stock has a 50-day moving average of $42.04 and a 200-day moving average of $42.09. The company has a market cap of $1.120 billion and a price-to-earnings ratio of 11.49.
CONN'S (NASDAQ:CONN) last issued its quarterly earnings data on Tuesday, September 2nd. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.75 by $0.25. The company had revenue of $353.00 million for the quarter. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 30.4% on a year-over-year basis. On average, analysts predict that CONN'S will post $3.38 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of CONN'S from $71.00 to $40.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Stifel Nicolaus downgraded shares of CONN'S from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, analysts at SunTrust cut their price target on shares of CONN'S from $65.00 to $45.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. CONN'S currently has a consensus rating of “Hold” and an average price target of $46.40.
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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