SunTrust Cuts CONN'S Price Target to $45.00 (CONN)
Equities researchers at SunTrust decreased their price objective on shares of CONN'S (NASDAQ:CONN) from $65.00 to $45.00 in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. SunTrust’s target price would suggest a potential upside of 45.16% from the company’s current price.
Shares of 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’s 50-day moving average is $42.04 and its 200-day moving average is $42.09. The company has a market cap of $1.121 billion and a P/E ratio of 16.61.
CONN'S (NASDAQ:CONN) last announced its earnings results 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, compared to the consensus estimate of $353.65 million. 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 $3.54 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray downgraded shares of CONN'S from an “overweight” rating to a “neutral” rating in a research note on Tuesday. 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. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $58.00.
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.