CONN’S Rating Increased to Buy at SunTrust (CONN)

By admin | 7 years ago

CONN’S (NASDAQ: CONN) was upgraded by investment analysts at SunTrust (NYSE: STI) from a “neutral” rating to a “buy” rating in a note issued to investors on Monday.

Shares of CONN’S traded up 2.80% during mid-day trading on Monday, hitting $17.99. CONN’S has a 52 week low of $4.97 and a 52 week high of $19.83. The company’s market cap is $580.7 million.

CONN’S last announced its earnings results on Tuesday, April 3rd. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.05. CONN’S’s revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that CONN’S will post $0.30 earnings per share next quarter.

A number of other analysts have also recently weighed in on CONN. Analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of CONN’S from $12.00 to $15.00 in a research note to investors on Wednesday, March 28th.

Conn’s, Inc. is a specialty retailer of consumer products, and also provides consumer finance for the purchase of the products that it offers.

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