PRA Group’s (PRAA) “Underperform” Rating Reaffirmed at Raymond James Financial, Inc.

Raymond James Financial, Inc. reissued their underperform rating on shares of PRA Group, Inc. (NASDAQ:PRAA) in a research report report published on Thursday, MarketBeat reports.

A number of other equities research analysts have also recently issued reports on the stock. Citigroup Inc. cut shares of PRA Group to an underperform rating in a research report on Thursday. BidaskClub cut shares of PRA Group from a buy rating to a hold rating in a research report on Friday, August 18th. Zacks Investment Research cut shares of PRA Group from a hold rating to a sell rating in a research report on Thursday, July 13th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of PRA Group in a research report on Wednesday, May 24th. They issued an outperform rating and a $40.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. PRA Group has a consensus rating of Hold and an average price target of $38.00.

PRA Group (NASDAQ PRAA) opened at 26.40 on Thursday. The firm’s 50-day moving average is $31.53 and its 200-day moving average is $34.35. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 16.10 and a beta of 1.50. PRA Group has a 1-year low of $23.15 and a 1-year high of $42.70.

PRA Group (NASDAQ:PRAA) last announced its earnings results on Tuesday, August 8th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.23). The firm had revenue of $200.30 million for the quarter, compared to analyst estimates of $208.97 million. PRA Group had a return on equity of 4.69% and a net margin of 9.76%. The company’s revenue for the quarter was down 12.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.83 EPS. On average, equities analysts anticipate that PRA Group will post $2.09 EPS for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in PRA Group by 12.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,829 shares of the business services provider’s stock valued at $107,000 after acquiring an additional 304 shares in the last quarter. Independence Advisors LLC acquired a new stake in PRA Group in the 2nd quarter valued at about $112,000. Huntington National Bank increased its position in PRA Group by 5.5% in the 2nd quarter. Huntington National Bank now owns 3,084 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 162 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in PRA Group by 10.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,150 shares of the business services provider’s stock valued at $119,000 after acquiring an additional 305 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in PRA Group in the 1st quarter valued at about $125,000.

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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