CONN'S Price Target Cut to $40.00 by Analysts at Canaccord Genuity (CONN)
Canaccord Genuity reduced their price objective on shares of CONN'S (NASDAQ:CONN) from $71.00 to $40.00 in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price points to a potential upside of 29.03% from the stock’s previous close.
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 P/E ratio of 11.49.
CONN'S (NASDAQ:CONN) last released its 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus downgraded shares of CONN'S from a “buy” rating to a “hold” rating in a research note on Wednesday. Separately, 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. Finally, analysts at Piper Jaffray downgraded shares of CONN'S from an “overweight” rating to a “neutral” rating in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $51.20.
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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