PRA Group Inc. (PRAA) PT Set at $42.00 by SunTrust Banks Inc.
PRA Group Inc. (NASDAQ:PRAA) received a $42.00 price target from SunTrust Banks Inc. in a report released on Tuesday. The brokerage currently has a a “buy” rating on the stock. SunTrust Banks Inc.’s price target suggests a potential upside of 23.17% from the stock’s previous close.
Several other analysts also recently weighed in on PRAA. Zacks Investment Research raised shares of PRA Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. William Blair reissued an “outperform” rating on shares of PRA Group in a research note on Tuesday, September 20th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. PRA Group presently has a consensus rating of “Hold” and an average price target of $34.20.
PRA Group (NASDAQ:PRAA) traded down 1.76% during trading on Tuesday, hitting $33.50. 161,089 shares of the stock were exchanged. The stock has a market cap of $1.55 billion, a P/E ratio of 12.47 and a beta of 1.32. PRA Group has a 52 week low of $20.00 and a 52 week high of $56.00. The stock has a 50 day moving average of $32.66 and a 200-day moving average of $28.98.
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PRA Group (NASDAQ:PRAA) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. The business earned $228.50 million during the quarter, compared to the consensus estimate of $227.92 million. PRA Group had a net margin of 13.89% and a return on equity of 19.50%. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 earnings per share. Equities analysts expect that PRA Group will post $2.95 EPS for the current fiscal year.
In related news, insider Michael J. Petit sold 15,000 shares of the business’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $34.21, for a total transaction of $513,150.00. Following the transaction, the insider now owns 106,857 shares in the company, valued at $3,655,577.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael J. Petit sold 8,300 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $28.93, for a total transaction of $240,119.00. Following the transaction, the insider now owns 116,857 shares in the company, valued at approximately $3,380,673.01. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in PRAA. Advisor Group Inc. bought a new position in shares of PRA Group during the second quarter valued at about $113,000. PineBridge Investments L.P. boosted its position in shares of PRA Group by 3.7% in the second quarter. PineBridge Investments L.P. now owns 5,876 shares of the company’s stock valued at $141,000 after buying an additional 211 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of PRA Group by 401.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,244 shares of the company’s stock valued at $151,000 after buying an additional 5,000 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of PRA Group by 11.7% in the second quarter. Teacher Retirement System of Texas now owns 6,575 shares of the company’s stock valued at $159,000 after buying an additional 688 shares in the last quarter. Finally, IMS Capital Management boosted its position in shares of PRA Group by 4.3% in the second quarter. IMS Capital Management now owns 8,524 shares of the company’s stock valued at $206,000 after buying an additional 350 shares in the last quarter.
PRA Group Company Profile
PRA Group, Inc (PRA Group), formerly Portfolio Recovery Associates, Inc, is a financial and business services company with operations in the Americas and Europe. The Company is engaged in the acquisition and collection of nonperforming loans in the Americas and Europe. Its business focuses upon the acquisition, collection, and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, government entities and others.
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