Shares of World Acceptance Corp. (NASDAQ:WRLD) have been assigned an average recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $82.75.
A number of research firms have commented on WRLD. ValuEngine upgraded shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. BMO Capital Markets restated a “sell” rating and set a $80.00 price target on shares of World Acceptance in a research report on Monday, January 29th. They noted that the move was a valuation call. BidaskClub upgraded shares of World Acceptance from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Zacks Investment Research upgraded shares of World Acceptance from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research report on Saturday, February 3rd. Finally, Stephens reaffirmed a “sell” rating and issued a $65.00 price objective on shares of World Acceptance in a research note on Thursday, January 4th.
Shares of World Acceptance (NASDAQ:WRLD) opened at $104.63 on Friday. World Acceptance has a 52-week low of $47.45 and a 52-week high of $121.17. The company has a market cap of $1,000.66, a PE ratio of 16.32 and a beta of 2.80. The company has a debt-to-equity ratio of 0.77, a quick ratio of 16.43 and a current ratio of 20.25.
Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new position in shares of World Acceptance in the 2nd quarter worth approximately $117,000. Municipal Employees Retirement System of Michigan grew its stake in shares of World Acceptance by 58.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 2,240 shares of the credit services provider’s stock worth $186,000 after purchasing an additional 830 shares during the last quarter. Barings LLC acquired a new position in shares of World Acceptance in the 3rd quarter worth approximately $207,000. Louisiana State Employees Retirement System acquired a new position in shares of World Acceptance in the 4th quarter worth approximately $202,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of World Acceptance in the 3rd quarter worth approximately $221,000. 91.77% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY WARNING: “World Acceptance Corp. (WRLD) Receives Average Recommendation of “Hold” from Brokerages” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.americanbankingnews.com/2018/02/10/world-acceptance-corp-wrld-receives-average-recommendation-of-hold-from-brokerages.html.
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.
Receive News & Ratings for World Acceptance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Acceptance and related companies with MarketBeat.com's FREE daily email newsletter.