Zacks Reaffirms Neutral Rating on Portfolio Recovery Associates (PRAA)

By admin | 6 years ago

Portfolio Recovery Associates (NASDAQ: PRAA)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued to investors on Wednesday. They currently have a $77.00 price target on the stock.

Portfolio Recovery Associates traded down 0.80% on Wednesday, hitting $70.74. Portfolio Recovery Associates has a 1-year low of $56.76 and a 1-year high of $90.95. The company has a market cap of $1.215 billion and a price-to-earnings ratio of 11.92.

Portfolio Recovery Associates last released its earnings data on Monday, May 7th. The company reported $1.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.32 by $0.15. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. On average, analysts predict that Portfolio Recovery Associates will post $1.70 earnings per share next quarter.

Portfolio Recovery Associates, Inc. (PRA Inc) is a full-service provider of outsourced receivables management and related services.

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