Pra Group (PRAA) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of Pra Group (NASDAQ:PRAA) from a sell rating to a hold rating in a report issued on Friday, ValuEngine reports.

Several other analysts also recently commented on the stock. BidaskClub raised shares of Pra Group from a sell rating to a hold rating in a report on Tuesday, April 23rd. William Blair reaffirmed an outperform rating on shares of Pra Group in a report on Friday, March 1st. Finally, Buckingham Research began coverage on shares of Pra Group in a report on Thursday, January 3rd. They issued a neutral rating on the stock. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and an average price target of $35.00.

PRAA stock opened at $28.73 on Friday. The firm has a market capitalization of $1.30 billion, a PE ratio of 19.95 and a beta of 1.81. Pra Group has a 12 month low of $22.62 and a 12 month high of $43.75.

Pra Group (NASDAQ:PRAA) last released its quarterly earnings data on Thursday, February 28th. The business services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.22 by $0.11. The business had revenue of $236.74 million for the quarter, compared to the consensus estimate of $228.68 million. Pra Group had a net margin of 7.23% and a return on equity of 5.72%. As a group, sell-side analysts predict that Pra Group will post 1.81 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Texas Permanent School Fund boosted its holdings in shares of Pra Group by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 29,646 shares of the business services provider’s stock valued at $722,000 after acquiring an additional 1,143 shares during the last quarter. MetLife Investment Advisors LLC boosted its holdings in Pra Group by 56.7% during the third quarter. MetLife Investment Advisors LLC now owns 30,388 shares of the business services provider’s stock worth $1,094,000 after buying an additional 11,000 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in Pra Group by 59.1% during the fourth quarter. Great West Life Assurance Co. Can now owns 323,923 shares of the business services provider’s stock worth $7,799,000 after buying an additional 120,328 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Pra Group by 20.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,442 shares of the business services provider’s stock worth $84,000 after buying an additional 583 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Pra Group by 21.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 438,384 shares of the business services provider’s stock worth $10,683,000 after buying an additional 77,734 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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