Pra Group (PRAA) Lifted to “Buy” at BidaskClub
BidaskClub upgraded shares of Pra Group (NASDAQ:PRAA) from a hold rating to a buy rating in a research note released on Wednesday morning.
A number of other brokerages also recently commented on PRAA. Zacks Investment Research raised shares of Pra Group from a sell rating to a hold rating in a research note on Wednesday, January 31st. Oppenheimer began coverage on shares of Pra Group in a research note on Monday, January 8th. They set a hold rating on the stock. UBS Group began coverage on shares of Pra Group in a research note on Monday, January 8th. They set a market perform rating on the stock. Keefe, Bruyette & Woods downgraded shares of Pra Group from an outperform rating to a market perform rating and lifted their target price for the stock from $36.00 to $40.00 in a research note on Tuesday, October 10th. Finally, Janney Montgomery Scott raised shares of Pra Group from a sell rating to a neutral rating in a research note on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Pra Group has an average rating of Hold and a consensus price target of $40.00.
Pra Group (NASDAQ:PRAA) opened at $35.25 on Wednesday. The firm has a market cap of $1,565.11, a PE ratio of 28.43 and a beta of 1.65. Pra Group has a 52 week low of $25.72 and a 52 week high of $42.70.
Hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio raised its stake 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 acquired a new stake in shares of Pra Group during the third quarter valued at about $121,000. Advisor Group Inc. increased its position in shares of Pra Group by 3.5% during the second quarter. Advisor Group Inc. now owns 5,829 shares of the business services provider’s stock valued at $221,000 after acquiring an additional 196 shares during the last quarter. Amalgamated Bank increased its position in shares of Pra Group by 2.5% during the second quarter. Amalgamated Bank now owns 6,393 shares of the business services provider’s stock valued at $242,000 after acquiring an additional 154 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Pra Group during the third quarter valued at about $189,000.
About Pra Group
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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