PRA Group (PRAA) Getting Favorable Press Coverage, Accern Reports
News articles about PRA Group (NASDAQ:PRAA) have trended positive this week, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PRA Group earned a news impact score of 0.45 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 47.639403538798 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
PRA Group (PRAA) opened at $35.40 on Tuesday. PRA Group has a 12-month low of $25.72 and a 12-month high of $42.70. The company 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 issued its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). The company had revenue of $201.00 million for the quarter, compared to the consensus estimate of $196.96 million. PRA Group had a return on equity of 2.98% and a net margin of 7.57%. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 EPS. sell-side analysts predict that PRA Group will post 1.38 earnings per share for the current fiscal year.
Several brokerages have recently commented on PRAA. Zacks Investment Research raised shares of PRA Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Janney Montgomery Scott raised shares of PRA Group from a “sell” rating to a “neutral” rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods cut shares of PRA Group from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $36.00 to $40.00 in a research report on Tuesday, October 10th. Raymond James Financial reaffirmed an “underperform” rating on shares of PRA Group in a research report on Thursday, September 21st. Finally, Citigroup cut shares of PRA Group to an “underperform” rating in a research report on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. PRA Group presently has a consensus rating of “Hold” and an average target price of $40.00.
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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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