World Acceptance (WRLD) Raised to Buy at ValuEngine

World Acceptance (NASDAQ:WRLD) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Sunday.

Other equities research analysts have also issued research reports about the stock. BidaskClub upgraded shares of World Acceptance from a “sell” rating to a “hold” rating in a report on Friday, December 21st. Zacks Investment Research lowered shares of World Acceptance from a “hold” rating to a “sell” rating in a report on Sunday, January 6th. Finally, BMO Capital Markets lowered their target price on shares of World Acceptance to $66.00 and set an “underperform” rating on the stock in a report on Friday, February 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. World Acceptance currently has a consensus rating of “Hold” and a consensus target price of $94.00.

Shares of NASDAQ WRLD opened at $110.39 on Friday. World Acceptance has a 1-year low of $89.78 and a 1-year high of $125.14. The stock has a market cap of $1.07 billion, a PE ratio of 14.32 and a beta of 2.44. The company has a current ratio of 18.51, a quick ratio of 17.26 and a debt-to-equity ratio of 0.54.

World Acceptance (NASDAQ:WRLD) last posted its earnings results on Thursday, January 31st. The credit services provider reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.58). World Acceptance had a return on equity of 12.73% and a net margin of 5.27%. The business had revenue of $137.64 million during the quarter, compared to analyst estimates of $130.16 million. Equities analysts anticipate that World Acceptance will post 7.4 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of WRLD. Quantamental Technologies LLC acquired a new stake in shares of World Acceptance in the 4th quarter worth about $102,000. Riverhead Capital Management LLC raised its holdings in shares of World Acceptance by 160.0% in the 3rd quarter. Riverhead Capital Management LLC now owns 1,300 shares of the credit services provider’s stock worth $149,000 after acquiring an additional 800 shares during the last quarter. BlueMountain Capital Management LLC acquired a new stake in shares of World Acceptance in the 3rd quarter worth about $176,000. State of Alaska Department of Revenue raised its holdings in shares of World Acceptance by 12.3% in the 4th quarter. State of Alaska Department of Revenue now owns 2,238 shares of the credit services provider’s stock worth $228,000 after acquiring an additional 245 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new stake in shares of World Acceptance in the 4th quarter worth about $261,000. Institutional investors own 87.54% of the company’s stock.

World Acceptance Company Profile

World Acceptance Corporation engages in small-loan consumer finance business. The company offers short-term small and medium-term larger installment loans, as well as related credit insurance and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and income tax return preparation and electronic filing services.

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