Positive Press Coverage Somewhat Unlikely to Affect PRA Group (PRAA) Stock Price

Media stories about PRA Group (NASDAQ:PRAA) have been trending positive on Thursday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. PRA Group earned a media sentiment score of 0.46 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 48.09606798902 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Several equities research analysts have recently issued reports on PRAA shares. Raymond James Financial reiterated an “underperform” rating on shares of PRA Group in a research report on Thursday, September 21st. Citigroup cut shares of PRA Group to an “underperform” rating in a research report on Thursday, September 21st. Janney Montgomery Scott upgraded 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 lifted their price objective for the company from $36.00 to $40.00 in a research report on Tuesday, October 10th. Finally, Zacks Investment Research upgraded shares of PRA Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. PRA Group currently has an average rating of “Hold” and an average price target of $40.00.

Shares of PRA Group (PRAA) opened at $34.90 on Thursday. The stock has a market cap of $1,580.00, a P/E ratio of 55.16 and a beta of 1.59. PRA Group has a 1 year low of $25.72 and a 1 year high of $42.70.

PRA Group (NASDAQ:PRAA) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.34 earnings per share (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 net margin of 7.57% and a return on equity of 2.98%. The company’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. equities analysts expect that PRA Group will post 1.38 earnings per share for the current fiscal year.

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About PRA Group

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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