PRA Group, Inc. (NASDAQ:PRAA) has earned an average rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $40.00.

PRAA has been the subject of a number of research reports. BidaskClub cut shares of PRA Group from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Citigroup cut shares of PRA Group to an “underperform” rating in a research note on Thursday, September 21st. Raymond James Financial reaffirmed an “underperform” rating on shares of PRA Group in a research note on Thursday, September 21st. Janney Montgomery Scott cut shares of PRA Group from a “neutral” rating to a “sell” rating in a research note on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods lowered shares of PRA Group from an “outperform” rating to a “market perform” rating and upped their price target for the company from $36.00 to $40.00 in a report on Tuesday, October 10th.

Large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in PRA Group by 12.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,829 shares of the business services provider’s stock valued at $107,000 after buying an additional 304 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in PRA Group by 10.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,150 shares of the business services provider’s stock valued at $119,000 after buying an additional 305 shares during the last quarter. Zions Bancorporation bought a new stake in PRA Group during the 3rd quarter valued at $121,000. Advisor Group Inc. raised its holdings in PRA Group by 3.5% during the 2nd quarter. Advisor Group Inc. now owns 5,829 shares of the business services provider’s stock valued at $221,000 after buying an additional 196 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in PRA Group during the 2nd quarter valued at $223,000.

Shares of PRA Group (NASDAQ PRAA) traded down $0.15 during trading on Monday, hitting $35.40. 258,404 shares of the stock were exchanged, compared to its average volume of 480,473. PRA Group has a 12 month low of $25.72 and a 12 month high of $42.70. The stock has a market cap of $1,605.76, a PE ratio of 55.55 and a beta of 1.59.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.04). PRA Group had a net margin of 7.57% and a return on equity of 2.98%. The business had revenue of $201.00 million during the quarter, compared to analysts’ expectations of $196.96 million. During the same period last year, the company posted $0.68 EPS. PRA Group’s revenue for the quarter was down 9.5% on a year-over-year basis. analysts anticipate that PRA Group will post 1.38 EPS for the current year.

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PRA Group Company Profile

PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.

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