Curo Group Holdings Corp (NYSE:CURO) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Curo Group Holdings Corp (NYSE:CURO) have earned a consensus rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $22.75.
Several brokerages recently weighed in on CURO. Zacks Investment Research upgraded shares of Curo Group from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Friday, August 2nd. ValuEngine upgraded shares of Curo Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Credit Suisse Group boosted their price target on shares of Curo Group from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. Finally, Buckingham Research began coverage on shares of Curo Group in a research report on Tuesday, August 13th. They issued a “buy” rating and a $19.00 price target on the stock.
A number of institutional investors and hedge funds have recently made changes to their positions in CURO. BNP Paribas Arbitrage SA increased its position in Curo Group by 3,582.4% in the first quarter. BNP Paribas Arbitrage SA now owns 2,504 shares of the company’s stock worth $25,000 after purchasing an additional 2,436 shares during the last quarter. Quantamental Technologies LLC bought a new position in Curo Group during the second quarter valued at $28,000. Bank of Montreal Can increased its position in Curo Group by 367.7% during the second quarter. Bank of Montreal Can now owns 3,124 shares of the company’s stock valued at $34,000 after acquiring an additional 2,456 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in Curo Group by 13.9% during the second quarter. Parametric Portfolio Associates LLC now owns 17,159 shares of the company’s stock valued at $190,000 after acquiring an additional 2,096 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Curo Group during the second quarter valued at $262,000. Institutional investors own 49.91% of the company’s stock.
Curo Group (NYSE:CURO) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.09. Curo Group had a negative net margin of 2.94% and a positive return on equity of 429.23%. The company had revenue of $264.30 million for the quarter, compared to analysts’ expectations of $270.32 million. On average, equities research analysts expect that Curo Group will post 2.53 earnings per share for the current year.
About Curo Group
CURO Group Holdings Corp., a diversified consumer finance company, provides consumer finance to a range of underbanked consumers in the United States, Canada, and the United Kingdom. It offers unsecured installment loans, secured installment loans, open-end loans, and single-pay loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, credit protection insurance, gold buying, retail installment sales, and money transfer services.
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