Burford Capital Limited (NYSE:BUR) Stock Has Consensus Target Price of $8.88 According to Analysts

Shares of Burford Capital Limited (NYSE:BUR) have been assigned a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $8.88.

Several equities analysts have commented on BUR shares. Zacks Research raised Burford Capital from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Burford Capital in a research report on Friday, August 7th. Wedbush reissued a “neutral” rating and set a $3.65 target price on shares of Burford Capital in a report on Thursday. Finally, Wall Street Zen upgraded Burford Capital from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th.

Burford Capital Stock Down 0.1%

Burford Capital stock opened at $3.35 on Monday. The firm has a fifty day moving average price of $3.91 and a two-hundred day moving average price of $4.25. Burford Capital has a fifty-two week low of $2.86 and a fifty-two week high of $11.35. The firm has a market cap of $736.69 million, a price-to-earnings ratio of -0.44 and a beta of 1.25. The company has a debt-to-equity ratio of 1.64, a current ratio of 9.56 and a quick ratio of 9.56.

Burford Capital (NYSE:BUR) last released its earnings results on Thursday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). During the same quarter in the previous year, the business earned $0.39 earnings per share. As a group, analysts forecast that Burford Capital will post 1.49 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Solas Capital Management LLC grew its position in Burford Capital by 23.4% during the 2nd quarter. Solas Capital Management LLC now owns 1,210,944 shares of the company’s stock worth $4,965,000 after acquiring an additional 230,000 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Burford Capital by 15.2% during the 1st quarter. Renaissance Technologies LLC now owns 958,500 shares of the company’s stock worth $4,332,000 after acquiring an additional 126,500 shares during the last quarter. Empowered Funds LLC increased its position in shares of Burford Capital by 6.0% during the first quarter. Empowered Funds LLC now owns 761,609 shares of the company’s stock valued at $3,442,000 after acquiring an additional 42,951 shares during the last quarter. KBC Group NV increased its stake in shares of Burford Capital by 8,916.0% during the 1st quarter. KBC Group NV now owns 640,497 shares of the company’s stock worth $2,895,000 after purchasing an additional 633,393 shares during the last quarter. Finally, Odyssean LLC bought a new stake in Burford Capital in the 2nd quarter valued at about $2,512,000.

Burford Capital Company Profile

Burford Capital Limited (NYSE: BUR) is a global legal finance and asset management firm. The company provides capital to businesses and law firms involved in commercial litigation and arbitration, allowing clients to finance legal expenses, manage risk, or access the potential value of legal claims and judgments without relying solely on their balance sheets.

Its services include single-case and portfolio litigation finance, post-settlement and judgment monetization, legal asset management, and corporate legal finance.