CONN'S Lowered to “Hold” at Stifel Nicolaus (CONN)
CONN'S (NASDAQ:CONN) was downgraded by equities research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
CONN has been the subject of a number of other recent research reports. 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. Separately, analysts at Piper Jaffray downgraded shares of CONN'S from an “overweight” rating to a “neutral” rating in a research note on Tuesday. Finally, 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. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $57.40.
CONN'S (NASDAQ:CONN) opened at 31.00 on Wednesday. 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 $1.121 billion and a price-to-earnings ratio of 16.61.
CONN'S (NASDAQ:CONN) last issued its quarterly earnings data on Tuesday, September 2nd. The company reported $0.50 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.75 by $0.25. The company had revenue of $353.00 million for the quarter. During the same quarter last year, the company posted $0.52 earnings per share. CONN'S’s revenue was up 30.4% compared to the same quarter last year. On average, analysts predict that CONN'S will post $3.54 earnings per share for the current fiscal year.
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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