Pra Group (PRAA) Research Coverage Started at Oppenheimer

Oppenheimer assumed coverage on shares of Pra Group (NASDAQ:PRAA) in a research note issued on Monday. The brokerage set a “hold” rating on the business services provider’s stock.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Pra Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 21st. Keefe, Bruyette & Woods cut shares of Pra Group from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $36.00 to $40.00 in a research report on Tuesday, October 10th. UBS Group started coverage on shares of Pra Group in a research report on Monday. They issued a “market perform” rating for the company. Janney Montgomery Scott raised shares of Pra Group from a “sell” rating to a “neutral” rating in a research report on Thursday, November 9th. Finally, Raymond James Financial reissued an “underperform” rating on shares of Pra Group in a research report on Thursday, September 21st. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $40.00.

Pra Group (NASDAQ:PRAA) traded up $0.80 during trading hours on Monday, hitting $35.50. 336,600 shares of the company’s stock traded hands, compared to its average volume of 333,817. Pra Group has a 12-month low of $25.72 and a 12-month high of $42.70. The firm has a market capitalization of $1,600.00, a P/E ratio of 28.40 and a beta of 1.59.

Pra Group (NASDAQ:PRAA) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.04). Pra Group had a net margin of 7.57% and a return on equity of 2.98%. The company had revenue of $201.00 million during the quarter, compared to analyst estimates of $196.96 million. During the same quarter in the prior year, the firm earned $0.68 earnings per share. Pra Group’s revenue for the quarter was down 9.5% on a year-over-year basis. analysts anticipate that Pra Group will post 1.38 earnings per share for the current year.

In other news, Director Penelope W. Kyle sold 1,975 shares of the business’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $33.45, for a total value of $66,063.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in PRAA. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Pra Group by 12.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,829 shares of the business services provider’s stock worth $107,000 after purchasing an additional 304 shares during the period. Public Employees Retirement System of Ohio lifted its position in Pra Group by 10.7% during the second quarter. Public Employees Retirement System of Ohio now owns 3,150 shares of the business services provider’s stock worth $119,000 after purchasing an additional 305 shares during the period. Zions Bancorporation bought a new stake in Pra Group during the third quarter worth about $121,000. SG Americas Securities LLC bought a new stake in Pra Group during the third quarter worth about $189,000. Finally, Advisor Group Inc. lifted its position in Pra Group by 3.5% during the second quarter. Advisor Group Inc. now owns 5,829 shares of the business services provider’s stock worth $221,000 after purchasing an additional 196 shares during the period.

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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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