World Acceptance (WRLD) Lifted to Strong-Buy at ValuEngine

World Acceptance (NASDAQ:WRLD) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

Several other brokerages also recently commented on WRLD. BidaskClub upgraded shares of World Acceptance from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of World Acceptance from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 4th. BMO Capital Markets restated a “sell” rating and issued a $80.00 target price on shares of World Acceptance in a research note on Monday, January 29th. They noted that the move was a valuation call. Jefferies Group reiterated a “sell” rating and set a $60.00 price target on shares of World Acceptance in a research report on Thursday, October 12th. Finally, Stephens reiterated a “sell” rating and set a $65.00 price target on shares of World Acceptance in a research report on Thursday, January 4th. Three equities research analysts have rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $82.75.

Shares of World Acceptance (NASDAQ WRLD) opened at $112.18 on Friday. World Acceptance has a 52 week low of $47.23 and a 52 week high of $121.17. The company has a quick ratio of 16.43, a current ratio of 1.96 and a debt-to-equity ratio of 0.65. The company has a market cap of $937.38, a price-to-earnings ratio of 17.50 and a beta of 2.80.

World Acceptance (NASDAQ:WRLD) last issued its earnings results on Friday, January 26th. The credit services provider reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.42. World Acceptance had a net margin of 10.42% and a return on equity of 13.95%. The company had revenue of $136.90 million for the quarter, compared to the consensus estimate of $137.99 million. During the same quarter in the previous year, the company earned $1.10 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. sell-side analysts expect that World Acceptance will post 7.61 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of WRLD. Koch Industries Inc. acquired a new position in World Acceptance during the 2nd quarter worth about $265,000. Dimensional Fund Advisors LP lifted its position in World Acceptance by 28.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 521,631 shares of the credit services provider’s stock worth $39,075,000 after buying an additional 116,986 shares in the last quarter. JPMorgan Chase & Co. lifted its position in World Acceptance by 335.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 77,584 shares of the credit services provider’s stock worth $6,434,000 after buying an additional 59,755 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in World Acceptance by 114.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 64,223 shares of the credit services provider’s stock worth $4,811,000 after buying an additional 34,341 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its position in World Acceptance by 84.6% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 52,362 shares of the credit services provider’s stock worth $3,922,000 after buying an additional 24,000 shares in the last quarter. Institutional investors and hedge funds own 91.55% of the company’s stock.

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About World Acceptance

World Acceptance Corporation operates a small-loan consumer finance business in 15 states and Mexico as of March 31, 2016. The Company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. The Company offers standardized installment loans generally between $300 and $4,000 through 1,339 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Wisconsin and Mexico as of March 31, 2016.

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