Consumer Portfolio Services (CPSS) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Consumer Portfolio Services (NASDAQ:CPSS) from a hold rating to a sell rating in a research note issued to investors on Friday, July 27th.

According to Zacks, “CONSUMER PORTFOLIO SERVICES is a consumer finance company that specializes in purchasing, selling, and servicing contracts with purchases of vechicles who are sub prime borrowers and are unable to obtain credit from traditional sources. “

A number of other research firms have also recently weighed in on CPSS. JMP Securities upgraded Consumer Portfolio Services from a market perform rating to an outperform rating and set a $6.00 price target on the stock in a research note on Friday, June 8th. Jefferies Financial Group restated a buy rating and issued a $5.00 price target on shares of Consumer Portfolio Services in a research note on Thursday, July 26th. Finally, ValuEngine cut Consumer Portfolio Services from a buy rating to a hold rating in a research note on Monday, April 2nd. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. Consumer Portfolio Services currently has a consensus rating of Hold and an average target price of $5.08.

Consumer Portfolio Services traded down $0.07, reaching $3.42, during midday trading on Friday, reports. The company had a trading volume of 22,602 shares, compared to its average volume of 28,111. The firm has a market cap of $80.06 million, a PE ratio of 5.63 and a beta of 1.68. Consumer Portfolio Services has a 12-month low of $3.18 and a 12-month high of $4.86. The company has a current ratio of 14.18, a quick ratio of 15.10 and a debt-to-equity ratio of 11.00.

Consumer Portfolio Services (NASDAQ:CPSS) last released its earnings results on Tuesday, July 24th. The credit services provider reported $0.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.13. Consumer Portfolio Services had a return on equity of 8.51% and a net margin of 0.24%. The firm had revenue of $99.36 million during the quarter, compared to analyst estimates of $104.79 million. equities analysts forecast that Consumer Portfolio Services will post 0.5 EPS for the current year.

An institutional investor recently raised its position in Consumer Portfolio Services stock. Wells Fargo & Company MN lifted its position in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 433.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,333 shares of the credit services provider’s stock after purchasing an additional 29,526 shares during the period. Wells Fargo & Company MN owned about 0.17% of Consumer Portfolio Services worth $151,000 at the end of the most recent reporting period. Institutional investors own 46.31% of the company’s stock.

Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It purchases and services retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans. The company, through its automobile contract purchases, offers indirect financing to the customers of dealers with limited credit histories, low incomes, or past credit problems.

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