Curo Group (NYSE:CURO) Rating Increased to Hold at ValuEngine

Curo Group (NYSE:CURO) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Thursday, ValuEngine reports.

Separately, Zacks Investment Research raised Curo Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Curo Group currently has a consensus rating of “Buy” and a consensus target price of $31.00.

Shares of Curo Group stock traded up $0.33 during trading hours on Thursday, hitting $12.75. The company’s stock had a trading volume of 464,539 shares, compared to its average volume of 222,690. The stock has a 50 day moving average price of $10.49. Curo Group has a 12-month low of $8.73 and a 12-month high of $32.20. The firm has a market cap of $595.36 million, a P/E ratio of 7.37 and a beta of 3.71. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 20.91.

Curo Group (NYSE:CURO) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.09. Curo Group had a positive return on equity of 993.52% and a negative net margin of 2.94%. The business had revenue of $264.30 million for the quarter, compared to the consensus estimate of $270.32 million. As a group, analysts predict that Curo Group will post 2.37 EPS for the current year.

Several large investors have recently made changes to their positions in the business. First Trust Advisors LP increased its position in shares of Curo Group by 19.1% in the fourth quarter. First Trust Advisors LP now owns 24,064 shares of the company’s stock worth $228,000 after purchasing an additional 3,858 shares during the period. New York State Common Retirement Fund boosted its stake in Curo Group by 33.0% in the fourth quarter. New York State Common Retirement Fund now owns 13,700 shares of the company’s stock valued at $130,000 after buying an additional 3,400 shares in the last quarter. Northern Trust Corp boosted its stake in Curo Group by 1.4% in the fourth quarter. Northern Trust Corp now owns 147,393 shares of the company’s stock valued at $1,398,000 after buying an additional 2,066 shares in the last quarter. Geode Capital Management LLC boosted its stake in Curo Group by 16.3% in the fourth quarter. Geode Capital Management LLC now owns 317,984 shares of the company’s stock valued at $3,016,000 after buying an additional 44,677 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in Curo Group by 150.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 142,617 shares of the company’s stock valued at $1,353,000 after buying an additional 85,784 shares in the last quarter. Institutional investors and hedge funds own 47.98% of the company’s stock.

Curo Group Company Profile

CURO Group Holdings Corp., a diversified consumer finance company, provides consumer finance to a range of underbanked consumers in the United States, Canada, and the United Kingdom. It offers unsecured installment loans, secured installment loans, open-end loans, and single-pay loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, credit protection insurance, gold buying, retail installment sales, and money transfer services.

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