Burford Capital (NYSE:BUR) Given New $5.00 Price Target at Wedbush

Burford Capital (NYSE:BUR) had its price target hoisted by research analysts at Wedbush from $4.75 to $5.00 in a report released on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Wedbush’s target price indicates a potential downside of 3.01% from the stock’s previous close.

A number of other equities analysts have also weighed in on BUR. Zacks Research lowered shares of Burford Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Burford Capital in a research report on Friday, March 27th. Finally, Bank of America assumed coverage on shares of Burford Capital in a report on Wednesday, February 18th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Burford Capital has an average rating of “Hold” and an average target price of $11.50.

Burford Capital Stock Performance

Shares of NYSE BUR opened at $5.16 on Monday. The firm has a fifty day moving average price of $6.20 and a 200-day moving average price of $8.27. The company has a debt-to-equity ratio of 0.68, a current ratio of 10.93 and a quick ratio of 10.93. The stock has a market cap of $1.13 billion, a PE ratio of -0.70 and a beta of 1.28. Burford Capital has a 1 year low of $3.59 and a 1 year high of $15.10.

Burford Capital (NYSE:BUR) last announced its quarterly earnings data on Friday, February 27th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.54). The firm had revenue of $48.78 million during the quarter, compared to analysts’ expectations of $168.30 million. Burford Capital had a return on equity of 10.19% and a net margin of 15.14%. Equities analysts anticipate that Burford Capital will post -0.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. KBC Group NV increased its position in Burford Capital by 8,916.0% during the 1st quarter. KBC Group NV now owns 640,497 shares of the company’s stock valued at $2,895,000 after purchasing an additional 633,393 shares during the period. Hsbc Holdings PLC bought a new stake in shares of Burford Capital in the 1st quarter valued at about $1,626,000. Y Intercept Hong Kong Ltd boosted its holdings in shares of Burford Capital by 181.8% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 217,931 shares of the company’s stock valued at $985,000 after buying an additional 140,595 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Burford Capital in the 1st quarter valued at about $2,226,000. Finally, Wasatch Advisors LP bought a new stake in shares of Burford Capital in the 1st quarter valued at about $98,000.

Burford Capital Company Profile

Burford Capital (NYSE: BUR) is a leading global finance firm that specializes in litigation and arbitration funding, risk management, and asset recovery. The company provides capital to law firms and corporate clients to finance legal fees and associated costs in commercial disputes. In exchange for funding, Burford shares in any awards or settlements, enabling clients to pursue meritorious claims without bearing upfront legal expenses.

Founded in 2009 by Christopher Bogart, Burford was among the first firms to establish a dedicated litigation finance business.