Atlanticus (NASDAQ:ATLC) Price Target Raised to $117.00

Atlanticus (NASDAQ:ATLC) had its price objective hoisted by Citizens Jmp from $110.00 to $117.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Citizens Jmp currently has a market outperform rating on the credit services provider’s stock.

Several other research firms have also recently issued reports on ATLC. BTIG Research lowered their target price on shares of Atlanticus from $179.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, November 6th. Texas Capital upgraded shares of Atlanticus from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Wall Street Zen lowered shares of Atlanticus from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 7th. HSBC set a $144.00 price objective on shares of Atlanticus in a report on Monday, July 13th. Finally, Capital One Financial set a $144.00 price objective on shares of Atlanticus in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Atlanticus currently has an average rating of “Moderate Buy” and a consensus price target of $127.86.

Atlanticus Stock Down 1.3%

ATLC stock opened at $79.30 on Tuesday. The stock has a market capitalization of $1.22 billion, a P/E ratio of 6.99 and a beta of 1.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.27 and a quick ratio of 1.26. Atlanticus has a 1-year low of $47.50 and a 1-year high of $114.34. The business has a fifty day moving average price of $91.40 and a 200-day moving average price of $81.53.

Atlanticus (NASDAQ:ATLC) last released its quarterly earnings data on Thursday, November 5th. The credit services provider reported $3.00 EPS for the quarter, beating the consensus estimate of $2.99 by $0.01. Atlanticus had a return on equity of 27.37% and a net margin of 7.65%. The company had revenue of $775.85 million for the quarter, compared to analysts’ expectations of $775.08 million. Equities analysts forecast that Atlanticus will post 9.73 earnings per share for the current fiscal year.

Institutional Trading of Atlanticus

Hedge funds have recently bought and sold shares of the company. Financial Management Professionals Inc. bought a new position in Atlanticus in the second quarter valued at about $33,000. USA Financial Formulas bought a new stake in shares of Atlanticus during the 3rd quarter valued at about $39,000. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Atlanticus during the 3rd quarter valued at about $87,000. Walleye Capital LLC purchased a new stake in shares of Atlanticus during the 2nd quarter valued at about $208,000. Finally, Diversified Trust Co increased its position in shares of Atlanticus by 19.3% during the 3rd quarter. Diversified Trust Co now owns 2,616 shares of the credit services provider’s stock valued at $229,000 after purchasing an additional 424 shares during the last quarter. Hedge funds and other institutional investors own 14.15% of the company’s stock.

Atlanticus Company Profile

Atlanticus Holdings Corporation is a financial technology and consumer finance company that provides credit products to consumers, including people who may have limited access to traditional credit. It works with banks, retailers and other partners to offer credit cards, installment loans and point-of-sale financing. The company’s offerings include general-purpose and private-label credit cards, as well as financing for purchases in areas such as healthcare and home improvement. Atlanticus also provides financing solutions through relationships with auto dealers and other businesses.