Pra Group (PRAA) Receiving Favorable Press Coverage, Report Finds

News headlines about Pra Group (NASDAQ:PRAA) have trended positive on Tuesday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of 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 0.39 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 47.332015753878 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Pra Group (NASDAQ PRAA) traded down $0.20 during midday trading on Tuesday, hitting $33.25. 231,678 shares of the stock were exchanged, compared to its average volume of 476,154. The stock has a market capitalization of $1,510.90, a price-to-earnings ratio of 26.81 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 posted its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). The company had revenue of $201.00 million during the quarter, compared to analysts’ expectations of $196.96 million. Pra Group had a return on equity of 2.98% and a net margin of 7.57%. Pra Group’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. analysts anticipate that Pra Group will post 1.38 EPS for the current fiscal year.

Several research analysts have commented on PRAA shares. Citigroup cut shares of Pra Group to an “underperform” rating in a report on Thursday, September 21st. Raymond James Financial reiterated an “underperform” rating on shares of Pra Group in a report on Thursday, September 21st. Janney Montgomery Scott cut shares of Pra Group from a “neutral” rating to a “sell” rating in a report on Wednesday, October 4th. Keefe, Bruyette & Woods cut shares of Pra Group from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $36.00 to $40.00 in a 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 report on Tuesday, November 21st. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Pra Group currently has an average rating of “Hold” and an average target price of $40.00.

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Pra Group Company Profile

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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