Pra Group Inc (NASDAQ:PRAA) Given Average Rating of “Hold” by Brokerages

Shares of Pra Group Inc (NASDAQ:PRAA) have been given a consensus rating of “Hold” by the seven brokerages that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $35.00.

A number of equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of Pra Group from a “sell” rating to a “hold” rating in a report on Friday, July 26th. ValuEngine upgraded shares of Pra Group from a “sell” rating to a “hold” rating in a report on Thursday.

PRAA traded down $1.01 on Friday, reaching $29.75. 363,374 shares of the company traded hands, compared to its average volume of 185,787. Pra Group has a one year low of $22.62 and a one year high of $40.05. The firm has a fifty day moving average price of $28.91. The firm has a market capitalization of $1.41 billion, a P/E ratio of 20.66 and a beta of 1.63. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.07.

Pra Group (NASDAQ:PRAA) last announced its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Pra Group had a net margin of 6.42% and a return on equity of 5.26%. The company had revenue of $245.90 million for the quarter, compared to the consensus estimate of $244.08 million. During the same quarter in the previous year, the business earned $0.47 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities research analysts expect that Pra Group will post 1.66 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Swiss National Bank lifted its position in shares of Pra Group by 2.2% during the second quarter. Swiss National Bank now owns 84,300 shares of the business services provider’s stock worth $2,372,000 after purchasing an additional 1,800 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Pra Group by 2.8% during the second quarter. Envestnet Asset Management Inc. now owns 55,885 shares of the business services provider’s stock worth $1,573,000 after purchasing an additional 1,501 shares in the last quarter. Stephens Investment Management Group LLC lifted its position in shares of Pra Group by 13.6% during the second quarter. Stephens Investment Management Group LLC now owns 1,746,166 shares of the business services provider’s stock worth $49,137,000 after purchasing an additional 208,800 shares in the last quarter. TD Asset Management Inc. lifted its position in shares of Pra Group by 9.0% during the second quarter. TD Asset Management Inc. now owns 65,140 shares of the business services provider’s stock worth $1,833,000 after purchasing an additional 5,400 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Pra Group by 0.7% during the second quarter. Arizona State Retirement System now owns 70,400 shares of the business services provider’s stock worth $1,981,000 after purchasing an additional 514 shares in the last quarter.

About Pra Group

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies.

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