Regional Management Corp Now Covered by Analysts at Jefferies Group (RM)
Equities research analysts at Jefferies Group began coverage on shares of Regional Management Corp (NYSE:RM) in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $22.00 price target on the stock. Jefferies Group’s target price would suggest a potential upside of 26.58% from the stock’s previous close.
Shares of Regional Management Corp (NYSE:RM) traded up 1.05% during mid-day trading on Thursday, hitting $17.38. 106,795 shares of the company’s stock traded hands. Regional Management Corp has a 1-year low of $13.93 and a 1-year high of $36.23. The stock’s 50-day moving average is $16.25 and its 200-day moving average is $19.30. The company has a market cap of $221.0 million and a price-to-earnings ratio of 8.74.
Regional Management Corp (NYSE:RM) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.02. During the same quarter in the previous year, the company posted $0.52 earnings per share. On average, analysts predict that Regional Management Corp will post $1.88 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “outperform” rating on shares of Regional Management Corp in a research note on Thursday, July 31st. They now have a $20.00 price target on the stock, down previously from $24.00. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Regional Management Corp from $27.00 to $23.00 in a research note on Thursday, July 31st. Finally, analysts at BMO Capital Markets cut their price target on shares of Regional Management Corp from $22.00 to $19.00 in a research note on Thursday, July 31st. Five investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of $22.67.
Regional Management Corp. (NYSE:RM) is a diversified specialty consumer finance company providing a range of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders.
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